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

Housing affordability: at or near the worst this Millennium

Housing affordability: at or near the worst this Millennium The NAR calculates a monthly “housing affordability index,” which estimates the median mortgage payment for the median priced existing home based on an estimate of median household income. For June that came in at 98.5: Not only has affordability deteriorated sharply this year, but the June […]

GAO: Government Losses on Federal Student Loan Programs?

As you “should” know by now, Alan Collinge is an activist and has organized the Student Loan Justice Org a number of years ago. The Organization attempts to represent those student loan borrowers who have no recourse for forgiveness or bankruptcy as every other person in the nation has when taking out a loan? Alan […]

The Semiconductor Bill and Moderna Billionaires

A lot has been said about building semiconductor manufacturing plants in the US. One plant grows the silicon wafers and the other plant fabricates (fabs) the semiconductors. The manufacture of semiconductors is not labor intensive. Growing wafers is boring business as one engineer told me a decade back. The US did manufacture much of its […]

Russian Central Bank Head May Be Out

Russian Central Bank Head May Be Out  This is the first English language report of this, as near as I can tell after some serious googling, but it is all over a lot of pretty serious Russian sources. Reportedly, Elvira Naibiullina, Head of the Russian Central Bank, left her position this past Tuesday or thereabouts.  […]

Medicare Drug price control in the Inflation Reduction Act Moves Forward Except for Insulin

JAMA Network “How Do Commercial Insurance Plans Fare Under Proposed Prescription Drug Price Regulation?” Rena M. Conti, Richard G. Frank, Len M. Nichols December 2021, this article came out detailing Medicare negotiating directly with pharmaceutical companies and the impact of the negotiation on people insured by commercial plans. That is if commercial insurance plans were […]

Jobless claims: once again, a relentless uptrend

Jobless claims: once again, a relentless uptrend I feel like a broken record at this point, as every week the trend seems more and more relentless. Initial jobless claims rose once again, by 14,000 (seriously revised down by 12,000 from last week’s reading of 260,000) to 262,000. More importantly, the 4 week average rose another […]

The Future of Farming

The world economy is undergoing extreme changes that have been both generational as well as exacerbated by lack of investment, global pandemic and supply chain crunch. Logistical nightmare aside, the generational shift from the prosperity of the Baby Boomer generation in the West as well as the great readjustment in China post Mao and the […]