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

Trump As The Grinch Who Stole Christmas

Trump As The Grinch Who Stole Christmas  So the Congress struggled for months after the House passed a $3.3 trillion followup Covid relief bill, which Senate Majority Leader McConnell blocked and kept blocking.  House Speaker Pelosi and Treasury Secretary Mnuchin kept negotiating and coming up with this or that proposal, only to mostly have McConnell […]

Millions of India’s farmers fight for their economic lives

As a bit of a comparison, the 2018 Distribution of Federal Payroll and Income Taxes shows 761,000 household taxpayers making up 4 tenths of 1% of all taxpayers having the highest income in the US. I am not sure if we can get it as finite as what India shows in wealth. With a population […]

Housing permits and starts for November: yet more evidence of an economy primed for takeoff in 2021

Housing permits and starts for November: yet more evidence of an economy primed for takeoff in 2021 If there was bad news yesterday in the further increase of initial jobless claims, there was also good news in the 10+ year highs in new housing permits. Here’s the graph of permits (blue), single-family permits (red, right […]

Daylight spending more than you have

by David Zetland Daylight spending more than you have Some countries are changing their clocks this week while others will do so next week. These changes are labeled “daylight saving” (DS) even though the number of daylight minutes stays the same. Marketing at its finest! Indeed, there’s abundant evidence that this twice-annual ritual is useless or even […]

The stimulus negotiations

A good discussion of the current state of play is here.  The short version is Speaker Pelosi and Treasury Secretary Mnuchin are negotiating over a package of $2 trillion or so, McConnell plans to introduce a very limited $500 billion package that he may or may not actually have votes to pass (he may just […]

To Do IV. Education

The COVID-19 pandemic is just what the Doctor ordered for American education. Well, it could be. First, we must, as is our wont, muddle for as long as possible. Plenty of time. What with students and teachers being quarantined one right after another, it’s going to be a long year. Time a plenty to fall […]