Relevant and even prescient commentary on news, politics and the economy.

Europe’s water reserves

I would have thought the Unted States would be the first to have issues. We are not careful with our usage or pollution runoff. United States Citizens take fresh water for granted and abuse the usage of it. I have found Europeans to be more careful in their usage of fresh water and the pollution […]

Brief Rundown on EVs, etc. v Gasoline Powered Vehicles

Nothing too technical, just some conversation and points. It has been found or reported, hybrid vehicles incur fewer issues and problems than gasoline vehicles. On the other side of the spectrum, fully electric vehicles and plug-in hybrid vehicles (PHEVs) can have more issues. Let’s face it, the technology is still new and manufacturing and research in the US are […]

How the “wealth effect” fueled Q3 GDP

 – by New Deal democrat In Q3, personal spending rose 1.6%, or 6.4% annualized, while personal incomes only rose 0.8%, or 3.3% annualized. A little more precisely, personal spending rose 0.75% more than personal incomes. Just how much more did spending rise than the income to fuel it compared on a historical basis? In the past […]

The low pace of firings continues to Christmas

 – by New Deal democrat Our last bit of news before Christmas continued the positive news, as initial jobless claims declined back to 214,000, while the four week average also declined to 216,750. The last three weeks collectively have had the lowest seasonally adjusted numbers since January. Meanwhile, continuing claims rose back above 1.9 million to […]

Wage gains for low-paid workers were larger than for those further up the income scale

The economy turned bad when Covid hit the nation. People were not able to work. And whether it was Biden or Tru_p were in the White House, the same problems would have existed. As Paul Krugman documents, the results for lower wage employees was better and increasing during the Biden administration, This is far different […]

Worst Year Ever?

After all of the issues being caused by the Tru_p administration. Robert Reich asks readers on his site what year was the one was the worst. Robert’s terminology is more direct than mine. Pick one from the list and offer a reason why or add another year in comments. Office Hours: The Shittiest Year? – […]

Miracle on 34th St is not an economic solution

I was pulling on a thread today researching the product of cryogenic treated fret wire. I have a Les Paul style guitar I built from a kit while in college in the early 80’s that needs a new fret board. I stumbled upon this bit of history: Scroll down to response #11 CB Alyn “In […]

The future looks golden

Looking at trends in White House décor, it’s easy to conclude the future of gold is bright. But investors see something different in the White House. “Gold futures traded in New York have soared almost 71% this year, on pace for their best annual gain in 46 years. The last time gold had such a […]