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 […]
Weekly Indicators for October 24 – 28 at Seeking Alpha – by New Deal democrat My Weekly Indicators Post is up at Seeking Alpha. Slowly even more indicators are deteriorating in several timeframes. As usual, clicking over and reading will bring you up to date on the economy, and bring me a little reward for my […]
“A global house-price slump is coming,” The Economist, edited. I find this article to be interesting although I do not agree with much of it. Prices are an issue; but so are interest rates. Much of the costs of housing can also be from house manufacturing waste. I was watching my new home being built. […]
Lifted from notes from David Zetland’s news letter Interesting Stuff: Climate chaos
Q3 GDP: good news for now, bad news for the future – by New Deal democrat I have to keep this note brief, since I am on the road. As you presumably already know, real GDP was positive for the Third Quarter, up 2.6% at an annual rate: Subject to revisions in the next several […]
Seems that gas, fuel, gasoline is being used as a marker to understand just how horrible we have it as a result of the current inflation. It’s just sooooooooooo terrible. I’ll just say this. As a marker of inflation and our personal economic experience all it shows is how terrible we are at remembering. Unfortunately […]
The Treasury yield curve has now almost totally inverted – by New Deal democrat One of the few leading indicators not flashing red for recession has been the short end of the Treasury yield curve, which has been relentlessly positive – until now. While the 10 year minus 2 year Treasury spread has been negative […]
Infidel753, Putin’s war comes home. For most of the duration of Putin’s invasion of Ukraine, the majority of Russians have either supported the aggression or at least not objected too energetically. The war did not affect them much, except insofar as Western sanctions did. That is now changing, thanks to Putin’s ill-advised and stunningly incompetent […]
The tide has now turned as to house prices Last month I wrote that the FHFA showed evidence that house prices had peaked, and that “since the FHFA has a tendency to turn slightly ahead of the Case Shiller index, this strongly suggests that a sharp deceleration in the Case Shiller index YoY will start […]