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

Immigration: the tech bros vs the Nazis

I’m surprised this hasn’t bubbled up sooner. Not only has immigration been a net strength for America throughout its history (unless you’re a Native American), but in the last three decades, immigrants—particularly from China and India—have fueled American biotech and computer technology innovation. So when I read Trump and his supporters vilifying immigrants and threatening […]

Initial jobless claims continue neutral trend, while continuing claims make a 3-year high

 – by New Deal democrat This Christmas week initial claims declined -1,000 to 219,000. The four week average rose 1,000 to 226,500. With the typical one week delay, continuing claims 46,000 to 1.910 million, the highest number in over 3 years: On the YoY% basis more important for forecasting purposes, initial claims were up 2.8%, […]

Sales of new and existing homes increased in November; declining price trend continues for the former, but pressures increase in the latter

 – by New Deal democrat I’ve been looking at new and existing home sales more in tandem recently, as we are looking for a rebalancing of the market, with prices abating in existing home sales and inventory increasing, vs. new houses where prices have been slightly declining. Additionally, as usual let me start with the important […]

A Global Plastics Treaty Stalled as the Year was Coming to an End

I worked in automotive the last decade (when employed) or so dealing with plastic components in cars. All types of plastic resins, the tooling involved, capacity of the tooling, and the scheduling. I cost modeled components for Yazaki and other companies. Took my boss’s model and grew it and adding other operations in it. It […]

Book Review by the One Handed Economist

“Institutions, Institutional Change and Economic Performance” – by Douglass C. North The one-handed economist Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; […]

Some Explanation for the Deficits – Quit Cutting Taxes

It is not spending causing the issues as the young Trump boasts. It is the tax cuts which have imbalanced credits to debits causing the deficits. What Republican’s promised would happen, failed to happen. The 2017 tax cuts did not stimulate the economy enough (not at all) to balance out spending to receipts. Since the […]

An unpromising start

In addition to being denied his debt ceiling extension, Trump was also repudiated when his daughter-in-law “withdrew” from consideration as Senator from Florida. Trump was pushing Lara Trump to fill the seat that will be vacated when Marco Rubio is approved as Secretary of State. Lara Trump’s appointment was intended as Trump domination: domination of […]