Relevant and even prescient commentary on news, politics and the economy.

I Got Caught Up in America’s Absurd Health Care System

Lambert at Naked Capitalism has an interesting article up as taken from KHN entitled “I Write About America’s Absurd Health Care System. Then I Got Caught Up in It” as detailed by Bram Sable-Smith. As taken from the KHN article, Bram describes the beginnings of his dilemma of getting Insulin: “I’d been waiting since September […]

Swimming in a Pool Filled With Peanut Butter

American capitalism has an everpresent desire for increased profits. Over the course of history, corporations had increased profits largely due to increased population growth. As we have seen from new data coming from the 2020 Census, population growth is beginning to stabilize and flatten, yet corporations are still expected to perform regardless of market conditions, […]

Kip Sullivan and Ralph Nader Talk Tradition Medicare vs Medicare Advantage

This podcast came to me by way of Kip Sullivan, the expert on Traditional Medicare and Medicare Advantage. We have had a running dialogue for about a year now. Most recently, Angry Bear featured Kip’s PNHP Single Payer Healthcare Financing Series detailing why healthcare is expensive in the US. I have put up numerous posts […]

Everybody’s Talkin’ ‘Bout Taxes–especially Wealth Taxes and Mark-to-Market of Capital Gains

(Dan here…I missed this piece by AB contributor Linda Beale, January 28, 2020. There are a few more) by Linda Beale at ataxingmatter (https://ataxingmatter.blogs.com/) Everybody’s Talkin’ ‘Bout Taxes–especially Wealth Taxes and Mark-to-Market of Capital Gains Not surprisingly for those of you who are members of the ABA Tax Section, there is a meeting of that […]

Impacting Oil Pricing with SPR Oil Releases

Commenter and Blogger RJS at Focus on Fracking and MarketWatch 666 brought up the past history of US SPR oil releases and the impact on oil prices in the Comments section. Since 1990, each time releases (SPR) have been made, there has been a countering reduction of oil by OPEC which could include Russia this […]

Now *that’s* good news: another blockbuster real retail sales report

Now *that’s* good news: another blockbuster real retail sales report Yesterday I wrote that the financial and production sides of the economy still looked very positive and that today’s retail sales number would be especially important. Well, they were very positive, clocking in at up 1.7% month over month in October. Even after inflation, “real” […]

Three reasons for the decline in Biden’s (and Democrats’) popularity

Three reasons for the decline in Biden’s (and Democrats’) popularity Dan Guild follows presidential approval closely and uses it to model election outcomes, including State level as well as Congressional and Senate races. He’s been very consistent, and very good. For the past several months, his hair has been on fire about a real decline […]

September 2021 Income and Outlays Report

September Personal Income Fell 1.0%, Spending Rose 0.6%, PCE Price Index Up 0.3%; Savings Rate Lowest Since December 2019, Commenter and Blogger RJS, MarketWatch 666 Friday’s release of the September Income and Outlays report was concurrent with the GDP release on Thursday, and all the PCE data in the 3rd quarter GDP report we just covered actually […]

3rd Quarter GDP Grew at 2.0% as Real Final Sales of GDP Ticked Lower

Commenter and Blogger RJS, Marketwatch 666, 3rd Quarter GDP Grew at 2.0% Rate even as Real Final Sales of GDP Ticked Lower Our economy grew at a 2.0% rate in the 3rd quarter, quite a bit slower than the growth rate of the second quarter, as increasing consumer outlays for services, greater nonresidential fixed investment, […]