A multi-level failure of the Summary of Economic Projections (which includes the dot plot) was partly to blame. People came looking for clarity. They got even more uncertainty and the sense of a Fed ‘flying blind.’ What markets want is the Fed forecast. As a result, S&P was down and Treasuries were up 10 points. Uncertainty . […]
Consolidation of Shale oil Drillers and Processer. Fewer wildcat drillers bought out by the larger oil producers. Greater interest in financial returns. Fields are maturing, sweet spots dwindle, and greater interest in investors. Prices for gasoline will eventually increase. Drillers pushed U.S. production to a record of over 13 million barrels a day under President […]
Climate change denialists are fond of pointing out that rising CO2 levels will mean that plant life will flourish, since plants “breathe” carbon dioxide. And it’s true that, up to a point, plants do grow faster with higher CO2 levels. But those plants have less nutritional value for the animals that depend on them for […]
A Ploy
This can be either interesting or puzzling to anyone who perhaps has a few thoughts on Trump’s mindless wandering. We are sitting here with an economy which is ready to take off and grow. And Trump is occupied with thoughts on Canada and Greenland. Fortunately, Denmark has shown an interest in obtaining the United States. […]
Jailing for Profit: When Budgets Depend on Locking People Up – by Nazish Dholakia Vera Institute Across the country, more than 1,300 counties have expanded existing jails or built new ones over the last 20 years, increasing the nation’s capacity to lock people up in jails by almost 40 percent. One of the drivers of this growth […]
How we got into this mess, and how we get out of it. Capitalism is compatible with democracy only if democracy is the dominant partner. It was dominant from 1933 until 1980. Then hyper-capitalism took over and finally gave us Trump. Robert Reich Friends, Donald Trump isn’t the cause of what ails America. He’s the […]
I am still on holiday time and also getting over a bad cold which is lingering for almost two weeks now. Still relaxing through the holiday and getting well again. Anyway . . . Merrill has an introductory piece on Paul Krugman from a couple of weeks ago. Or when Prof. Paul Krugman announced he […]
As I read this and having grown up in Chicago. The layout sounds more like Chicago politics with precincts, districts, Wards, and Aldermen (Alderpersons). There was also a Mayor. Mayor Richard Daley owned Chicago. If you needed something done, you went to see your Alderman. Recommendations came in a similar manner and worked up the […]
All lies and jestStill a man hears what he wants to hearAnd disregards the rest . . . So what does the public think or believe today about grocery prices? Or are they scared to death after hearing Trumps plans on how to cut excessive spending. Which is the result of cutting taxes due to […]