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

February 2024, total net Electricity production

The good news is electricity productivity is up. Natural gas is fueling the productivity increase in the Americas while its usage decreased globally. Coal usage is down. Too bad Manchin did not move West Virginia to better economics. Fossil fuels are still a large part of the production of electricity. In February 2024, the total […]

Oh, Elon!

My wife drives a 21 year-old Pontiac Vibe (= Toyota Matrix). It could fail at any time, and the question of what she’ll replace it with is on our minds. EV or hybrid? I personally know some Tesla owners who are happy with their choice, but I remain concerned about range and charging stations. Thanks, […]

April consumer prices: still an interplay of gas and house prices, with a side helping of motor vehicle insurance

 – by New Deal democrat First, a programming note: I’ll post about retail sales later today. Consumer inflation in April continued essentially to be an interplay between shelter and gas prices, with a side helping of auto insurance and repairs. During late 2022 and early 2023, shelter was still accelerating or steady at a high […]

BP Softens tone on 2030 oil output cut to reassure investors

by Ron Bousso Reuters A brief on what BP is doing. My guess is they are going to cut output to drive the market. It could be that other oil companies could fill the gap or move with BP. However, they prefer trump in office so making Biden look bad is a realistic plan for […]

April producer prices reflect some building pressure from a strong economy with full employment

 – by New Deal democrat Tomorrow and Thursday a plethora of data will be released, on consumer inflation and spending, production, housing, and jobless claims. In the meantime today we got a chance to look at upstream pressures on inflation. And those upstream pressures do seem to be building slightly, reflecting a strong economy with […]

Overall and core Consumer Price Index (CPI) both increased by 0.4 percent in March

It appears rent, transportation, and medical care services are the culprits holding up a decrease in inflation. Medicare does not surprise me at all. Harvard School of Health blames the rise of prices on administrative expenses, corporate greed and price gouging, and higher utilization of costly medical technology. What to Look for in the April […]

Generic Drugs Antitrust Case

Pharma companies providing pharmaceuticals exclusive to them have vast amounts of control in availability and or pricing. Either can result in increased costs to the patient. Economist Timothy Taylor reviews one particular instance with Teva Pharmaceuticals. Collaboration with other companies to control pricing appears to be Teva’s Director of Strategic Customer Marketing Nisha Patel’s strong […]

Weekly Indicators May 6 – 10 by New Deal democrat

Weekly Indicators for May 6 – 10 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The majority of short leading and coincident indicators continue to show strength rather than weakness. This week it was commodity prices’ turn to show that the global economy is getting stronger. As […]

Oil industry is Writing Executive Orders for Trump to Sign

In preparation for a renewed reign of the insurrectionist, energy sources and their associations are writing up executive orders to reverse much of what Pres. Joe Biden has done over 4 years. If you recall, the same was done after Barack Obama left the presidency. Many or most of Obama’s initiatives were reversed by an […]

The Household Survey isn’t the only data series sending up caution flares

 – by New Deal democrat I’ve written two posts earlier this week delving into the big divergence between the Establishment Survey portion of the Employment Report, which shows moderate growth, and the Household Survey, which is most consistent with a recession already having started. At any given time, some data will be positive and some […]