– by New Deal democrat This is not a formal post about Tuesday’s election. But with the benefit of “revealed preference” a/k/a 20/20 hindsight, it’s pretty clear that the Fed rate hikes were an important part of why Kamala Harris and the Democrats failed. Because we may or may not be experiencing a “soft landing” […]
Renewables 2023 – Analysis – IEA 2023 saw a step change in renewables capacity additions, driven by China’s solar PV market. Achieving the COP28 target of tripling global renewable capacity by 2030 will hinge on policy implementation. Summary: I have read through this several times now. It is difficult to pull together all the detail […]
– by New Deal democrat Initial jobless claims continued their return to normalcy this week, as they increased 3,000 to 221,000. The four week moving average declined -9,750 to 227,250, which is tied for the lowest number except for two weeks in five months. Continuing claims, with the typical one week delay, rose 39,000 to […]
US consumers keep economy on solid ground ahead of election – By Lucia Mutikani Reuters WASHINGTON, Oct 30 (Reuters) – The U.S. economy grew solidly in the third quarter. Consumer spending increasing at its fastest pace in 1-1/2 years and inflation slowing sharply, continuing to defy forecasts of a recession, and outperforming its global peers ahead […]
My parents retired to rural upstate NY, where they lived happily for 20 years. But naturally, as they aged, their health declined. At one point, my mom had a pulmonary embolism, and landed in a community hospital in Bennington VT, about 30 miles away. She got the care she needed, but when she was later […]
Home Sales on Track for Worst Year Since 1995 – WSJ I suspect the same issues with the economy caused by tariffs will also have an impact on housing. Just have to wait and see the impact of Trump tariffs on building materials and internal fixtures such as plumbing, toilets, doorknobs, etc. Much of which […]
Can you blame Biden for this? Not likely. Companies can price to what the market will bear and more. Creating Tariffs on overseas product will exasperate the issue and cause higher prices resulting in inflation. If you wish to cut out overseas companies? Bring the product back to the US for manufacture. That is another […]
– by New Deal democrat Initial jobless claims continued their return to normalcy this week, as they increased 3,000 to 221,000. The four week moving average declined -9,750 to 227,250, which is tied for the lowest number except for two weeks in five months. Continuing claims, with the typical one week delay, rose 39,000 to […]
I have two dental implants, the first of which was done nearly ten years ago. They were both done after a tooth broke and the dentist told me he couldn’t save the tooth. I could have just left the hole, but elected to fill it with an implant, which was done in each case by […]
– by David Zetland The One-Handed Economist Ludwig van Mises published this short book in 1944, around the same time as Hayek’s Road to Serfdom was published but before Hayek’s 1945 article, “The Use of Knowledge in Society.” These other references are important because (a) Mises was Hayek’s teacher and (b) both were heavily involved in the “calculation debate” […]