Jobless claims: steady as she goes by New Deal democrat [ Special programming note: yesterday’s Fed action, and more important the statements made afterward, merit special attention. I will put up a special post on that later today.] Initial jobless claims remained at their recent low level, down -1,000 from one week ago to 217,000. […]
Commentary by Left Jabber @ “Left Jabs.” I had the fortune to run across this commentary at Mike’s Blog Roundup as presented by DriftGlass. Left Jabber is taking a different approach than I did in my earlier post. He is saying the same thing about Biden’s fiscal policy the last two years, It made for […]
I can tell you now, I know I am better off now than then. I believe most of us are better off now. In 2010, I was working out of state after renting a room from Charlie in Cazenovia, NY. I was working for the Germans running a purchasing department. In 2010 and after several […]
September JOLTS report: despite the increase in openings, the decelerating trend in the game of reverse musical chairs remains intact – by New Deal democrat In 2021 and earlier this year, the jobs market was typified by a game of reverse musical chairs in which there were more chairs (available jobs) than players (job seekers). […]
A lot of good and assorted News topics to be read. I did not include any about the upcoming election. I did include one on polling. The same as 2020, I believe the polling results are tainted. We are not getting a clear picture from polling or news reporting. That is just one of 30-something […]
Manufacturing, construction, and job openings all show an economy under stress – by New Deal democrat As usual, we begin another month with important manufacturing and construction data. Additionally, the JOLTS report for September was also released. The ISM manufacturing index has a very long and reliable history. Going back almost 75 years, the new orders […]
Cheap labor versus Innovation . . . “Dutch innovators vs Dutch farmers,” The one-handed economist, David Zetland. This past weekend, I visited the Dutch Design Week exposition in Eindhoven (home of Philips). There were hundreds thousands of interesting (and sometimes baffling) displays, demos and ideas scattered around town. One that caught my eye was from a […]
While I was away . . . Personal income and spending for September Real personal spending increased +0.3% in September, while real income increased less than 0.1%, rounding to unchanged: Since May 2021, after the last round of pandemic stimulus expired, real spending is up 3.3%; but real income is down -2.0%: Real personal spending […]
The Humiliation Of Hu Jintao The recently completed onec-every-five-years Party Congress in China, which confirmed Xi Jinping for a third term as General Secretary of the party, punctuated his apparent assumption of essentially total power by humiliating his predecessor, Hu Jintao, in its final session. At the beginning, he was forced to leave the session, […]
Two posts are at the bottom of this one. Just talking about on-purpose emission of exhaust by pickup trucks which have had the emissions control devices altered. They did this to blow black exhaust out of their exhaust. This report on Treehugger is an update on how well the world is doing. Simple terms, it […]