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

The day could come when we could replace the New Deal with a better deal

According to Pence, Republicans will come up with a Better Deal to replace Social Security. Allow younger people to place their funds in private and commercial investment funds. Funds from which a portion will be taken to manage them and to which will be exposed to the ups and downs of the economy. Abandoning Social […]

The blockbuster January jobs report 2: revisions do not resolve discrepancies in the reports

Scenes from the blockbuster January jobs report 2: revisions do not resolve discrepancies in the reports  – by New Deal democrat Yesterday I wrote that the blockbuster January jobs report was essentially the result of two factors: (1) a very low number of potential applicants in the jobs pool with an unemployment rate well under 4% […]

‘Biden economy keeps defying predictions

Commentary from Letters from an American by commenter Fern McBride Will it last?’ (excerpts). The combination of a hiring boom and ebbing inflation has confounded forecasters, who’ve been warning of a recession, By David J. Lynch Whether the United States can keep defying the recession odds may depend on what happens in industries such as […]

Household or Establishment Survey, which is Right?

Yesterday, we went off on the topic discussing changes or increases to the Household numbers. This commentary by Dean Baker looks like it might fit with our earlier discussion. Job Growth: Is the Household or Establishment Survey Right? cepr.net. Dean Baker. The January report showed that the economy added 517,000 jobs in January, far more […]

Scenes from the blockbuster jobs report 1: in January, nobody* got laid off!

Scenes from the blockbuster jobs report 1: in January, nobody* got laid off! (*hyperbole)  – by New Deal democrat There’s no important new economic data until Thursday this week. Meanwhile, there was lots to digest about Friday’s blockbuster jobs report, which I have now done, so I’m going to spend a couple (maybe 3!) days […]

What’s fair is fair: The PRC issues a final order on the “appropriate share” issue

What’s fair is fair: The PRC issues a final order on the “appropriate share” issue, Save the Post Office, Steve Hutkins Another one of the posts by Steve Hutkins about the USPS. The effort by commercial interests to get the USPS to increase pricing has been going on for years. At the bottom, I have […]

The Unbearable Tightness of Peaking

– Sandwichman @ Econospeak The Unbearable Tightness of Peaking Sandwichman came across a fascinating and disconcerting new dissertation, titled “Carbon Purgatory: The Dysfunctional Political Economy of Oil During the Renewable Energy Transition” by Gabe Eckhouse. An adaptation of one of the chapters, dealing with fracking, was published in Geoforum in 2021 As some of you may know, […]

New Deal democrat’s weekly indicators for January 30 – February 3

Weekly Indicators for January 30 – February 3 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. While yesterday’s blockbuster jobs report dominated the monthly reports, several important weekly reports, notably the 4 week average of retail sales as measured by Redbook, and the temporary Staffing Index, weakened further […]

January jobs report: like a sports car at maximum acceleration

January jobs report: like a sports car at maximum acceleration    – by New Deal democrat My focus on this report was on whether manufacturing and construction jobs turned negative or not, and whether the deceleration apparent in job growth would continue. Both of those were answered emphatically in the negative. Here’s my in depth synopsis. HEADLINES: […]

Some Important Bits of History for February 1

Black History Month is in February if you do not know it. Prof. Heather Cox Richardson celebrates it with a mixture of past and present facts, points, and references to it. Some of her points are ugly. Amongst her reverence to Black History Month is the detail of how the Battle Hymn of the Republic […]