I plan to write a series of posts on which and how many weapons the US should buy. I start with two important disclaimers. First, obviously, I have no expertise and probably don’t know what I am talking about. Second, I firmly believe that the US Federal Government intertemporal budget constraint is currently satisfied with […]
The Most Evil Rant in Aynkind’s History n previous posts, I discussed the Senate confirmation hearings plagiarism by Keisha Russell of a Washington Post column by Marc Thiessen and the shoddy scholarship of the former history professor, Allen C. Guelzo that underwrote the bizarre claim that “critical race theory is a subset of critical theory that began with Immanuel […]
Conventional Macroeconomics Rears Its Head It is always annoying to have to admit one has been wrong. But I was among those who a year ago or so was going along with those who argued inflation was transitory and the rate would probably come down later in the year. The annoying Larry Summers, along with […]
RJS, MarketWatch 666 “February” Durable Goods: New Orders Down 2.2%, Shipments Flat, Inventories Up 0.4% The “Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for February” (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods decreased by $6.0 billion or 2.2 percent to […]
Between the Russian invasion of Ukraine and COVID outbreaks in China, it certainly seems likely that supply shortfalls and upward pressure on prices will continue. This raises difficult questions about politics and economic policy. On the political side of the ledger, I think that President Biden’s strategy should be predicated on continued inflation; if inflation […]
by New Deal democrat Weekly Indicators for March 21 – 25 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The walls closed in a little more on the long leading forecast this week, as now real money supply is beginning to falter. As usual, clicking over and reading will bring you thoroughly […]
Coronavirus dashboard for March 28: I’ll take the “under” for the severity of any BA.2 wave Very few US States reported over the weekend. The decline in new cases has stalled at roughly 30,000 per day. Deaths are still declining, and are currently just below 800 per day. Since the BA.2 variant continues to generate […]
Outside of agriculture there is a feeling of vast quantities, that farmers produce too much corn, soybeans, cotton, and other monocrops in a habitat destroying, bee killing, rural, backward, government sponsored enterprise that is slowly adding to climate change and environmental destruction. Agriculture is largely reactionary and heavily influenced by capitalism. If the need is […]
RJS, Focus on Fracking, US oil supplies are at a 13½ year low, but oil exports are at a 8 month high; SPR at a 19½ year low after biggest draw since Aug 2011, gasoline exports at a 39 month high; distillate supplies at a 95 month low, total oil + products supplies at a 95 month low after across the board drawdowns. […]
An update on the yield curve This is an update on my yield curve post from earlier this week.As had happened in the previous few days, the 3 to 5 year Treasury yield spread, which was inverted intraday, un-inverted by the close of the trading day. Here is what the US Treasury yield curve looked […]