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

Commercial crude at new low, total US supply lowest since January 2012; gasoline demand at 11 month low

RJS, Focus on Fracking, Strategic Petroleum Reserve at a new 19 year low; commercial crude inventories fall to 45 month low, total US oil supplies lowest since January 20th 2012; implied gasoline demand at 11 month low; largest jump in drilling rigs since April 1st as the Haynesville and the Marcellus are targeted for oil This Week’s Rig Count The number […]

An Opinion II

This is my second comment on Noah Smith’s substack. Today he wrote about something I should know about — macroeconomics. As always, I am amazed by Noah’s knowledge (it is his former former field of academic research). I don’t know for sure if his article is available only for subscribers, so I will try to […]

CPI Rose 0.5% in December, Annual Inflation at a 39 Year High

RJS, MarketWatch 666 CPI Rose 0.5% in December on Higher Prices for Food, Shelter, Clothing, Vehicles, & Furniture; Annual Inflation at a 39 Year High The consumer price index rose 0.5% in December, as higher prices for food, clothing, shelter, new and used vehicles, airline fares, furniture, and laundry appliances and were partly offset by […]

The Ethics and Economics of Farmers Markets

“I Quit” Micheal Smith, The Ethics and Economics of Farmers Markets It is early, frosty mornings such as these where I would love to sleep past 6am, enjoy a cup of tea, watch the news and think about what is on the ‘has to get done list’.  These days I think about fence work, discing in […]

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 […]

Producer Prices Up 0.2% in December; 6.9% Annual Increase in Core PPI

RJS Reports: Producer Prices Rose 0.2% in December; Record 6.9% Annual Increase in Core PPI; Record 7.9% YoY Increase for Final Demand Services The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.2% in December, as average prices for finished wholesale goods fell 0.4%, while margins of final services providers were 0.5% higher . . […]

Weekly Indicators for January 10 – 14 at Seeking Alpha

Weekly Indicators for January 10 – 14 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. In addition to Omicron, commodity prices and interest rates are having an impact across the board on the long and short term forecasts and the nowcast. (Just for spite, two weeks ago some […]

Real Retail Sales tank; Industrial Production declines; Consumer slowdown?

December real retail sales tank; industrial production also declines; consumer slowdown seems nearly certain   – by New Deal democrat Two days ago, in connection with consumer inflation, I reiterated that: “we certainly are at a point where a sharp deceleration beginning with the consumer sector of the economy is more likely than not.” I […]