This NYT story just dredges up the stories we would read and hear in the fifties and sixties. Popular song when I was hanging around the coffee houses then. No Starbucks then or laptops. If the song was of your ilk. Arriving in record numbers, the children escaping other countries are ending up in jobs […]

January JOLTS report consistent with a softening, but still very strong, labor market  – by New Deal democrat This morning’s JOLTS report for January, unlike the recent payrolls report, generally showed further softening in the labor market. While hires (red in the graph below, normed to a value of 100 as of February 2020) increased 121,000, […]

The Fed still seems determined to bring about a recession  – by New Deal democrat As I wrote on Saturday, several coincident indicators have stabilized in the past several months (for example, Redbook consumer sales, which has been at roughly 5% YoY for 8 weeks; and payroll tax withholding, which was only up 1.2% YoY […]

Unfortunately, this did not include the screening of “Loan Wolves.” The clip is approximately 36 minutes long. It includes Alan Collinge of Student Loan Justice who I have known for over a decade. Alan has been on Angry Bear Blog multiple times. He has not given up his, the crusade seeking relief for student loans. […]

Dale Coberly talking about reforming entitlements and the impact on Social Security . . . CRFB, “The Committee For a Responsible Federal Budget”, is an organization dedicated to reducing the National Debt or federal budget deficit, so it says.  But it seems to spend most of its time calling for  “reforming entitlements,” meaning “cut Social Security” which […]

For most of my adult life, I’ve learned history almost exclusively by reading books. I took American and World history in high school and two quarters of American history in college, but after that, I became a history autodidact. I’ve written several book reviews (and published three of them), but this is the first course […]

Weekly Indicators for February 27 – March 3 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. A number of indicators which had been declining have stabilized since the beginning of the year, leading to increased speculation about a “soft” landing or even a “no landing” at all. The […]

* Please help my Water Scarcity students by commenting on unclear analysis, alternative perspectives, better data sources, or maybe just saying something nice. David Zetland Bad management and dry taps in Turin, The one-handed economist Kiara writes* Water scarcity in the metropolitan area of Turin (Italy) is the result of climate change, weak government policy, […]

For one, I find it difficult for behavior economics to explain why people are reacting in irrational ways. For example, University of Chicago poses some statements or questions on the issues. Delaying on investing in a 401k to save was only because at the time I could not afford to do so even though I […]

Many of you know me from my telling of past experiences. Here is one more to add to the pile. A recent email to me about an employment opportunity in automotive. My return email to the headhunter. Renaldo: Thank you for your interest.  Having been trapped between Engineering and the plants over the years where I […]