“Revised 1st Quarter GDP Report Still Shows Growth at a 6.4% Rate,” Marketwatch 666, Commenter RJS and analyst The Second Estimate of our 1st Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services grew at a 6.4% rate in the 1st quarter, unchanged from the 6.4% growth rate reported in […]
I think it is now possible to look back on the debate on the effectiveness of non-standard monetary policy at the (near) zero lower bound. I will now “mark my beliefs to market” – J B DeLong. I think it is also a mildly worthwhile exercise, because it is relevant to the current debate about […]
April Personal Income Down a Record 13.1%, Disposable Personal Income Down a Record 14.6%, Savings Falls 54.0%, Marketwatch 666, RJS The April report on Personal Income and Outlays from the Bureau of Economic Analysis reflects the partial unwinding of the March government stimulus in just about every metric it tracks except for prices, which are said to […]
Josh Marshall nails it (paywalled, but here’s part of his argument): Published reports suggest – and it is no surprise that this is the case – that the DOJ investigations are not looking deeply into the causes of the January 6th insurrection, causes which are inherently political and tied to numerous public officials and electoral politics. They’re […]
Eighteen million uninsured Americans are eligible for free or subsidized health insurance. Kaiser Family Foundation estimates, 12.5 million of the uninsured are eligible for free coverage which includes 3.4 million for whom “free” means high-deductible bronze coverage. More than likely, half of the uninsured could get “platinum-equivalent” silver healthcare insurance coverage for a premium amounting to no […]
Lucy will again yank the the football away again after the House sends their bill to the Senate to be voted upon. Sen. Susan (Lucy) Collins (R-ME) on Sunday insists she “strongly” supports a bipartisan commission to study the Jan. 6 attack on the Capitol even though she has threatened to vote against it. Stomping […]
Bibi Gets To Stay In Office (For Now) With the welcome cease fire in Israel-Palestine, it looks like Bibi Netanyahu has achieved his near term goal of remaining prime minister of Israel, thus not only remaining power but also out of jail, with barely anybody noticing that he has done this. His rival, Yair Lapid, […]
First Genetically Modified Mosquito Released in the United States, Nature (News in Focus), Emily Watz, presented by Professor Joel Eissenberg commenter at Angry Bear. Biotech firm Oxitec launched a controversial field test of its insects in Florida after years of opposition from residents and regulatory complications. The issue at hand is whether it is ethical […]
Oil exports drop by the most on record to least since October 2018; global oil shortage at 1.73 million barrels per day, Focus on Fracking, RJS The “global oil shortage” is from my coverage of the May OPEC report, which i’ll paste below; I also revise global oil shortage/surplus estimates for prior months. I don’t […]
for once . . . The storming of the capital was a dangerous thing in our history and akin to treason. Every one knows this except for Johnson, Jordan, and Marjorie. But I, Liz Cheney, am going to be ok and we can talk about . . . We are the party of Lincoln everybody […]