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

“Difficult issues await Ukraine peace talks team”

It may be such that the United States may abandon Ukraine to the Russians just to get out of the situation of providing it weaponry. Ukraine is in a tough position with having to work with a US president who more likely than not favors Russia over them. Once again, the United States may just […]

Capturing Venezuela . . . An Editorial

Or maybe it is Venezuela capturing the United States? “Plot twist: Kidnapping a president” The one-handed economist So, Trump and his fellow-geniuses appear to think they’ve “hacked” the dilemma of diplomacy: If you’re annoyed with the actions of a sovereign country, then just kidnap their leader and claim that you can now run the country. […]

Real wages and consumer spending have been crucial positives; here is the most updated look

 – New Deal democrat We are still suffering the aftereffects of the government shutdown, with no data today, but a helping of mainly stale government data tomorrow and Friday. Tomorrow we get up to date private data from the ISM for services, and from ADP for private employment, along with manufacturers’ orders for October. On Friday […]

About that Venezuelan oil

There’s been a lot of crowing by Trump about how he’s seizing Venezuelan oil to hand it to American oil companies and skim profits for the United States. What oil, and how much? “According to figures widely cited throughout the media and the oil industry itself, Venezuela is sitting on around 300 billion barrels’ worth […]

December ISM manufacturing report: continued contraction, continued stagflation, poor employment

 – by New Deal democrat We are still suffering the data aftereffects of the government shutdown. Normally we begin each month with reports on both construction spending as well as manufacturing. But the construction report even now has only been updated through August, and won’t be updated for September and October until January 21. And […]

New Deal democrat’s Weekly Indicators for December 29 2025 – January 2 2026

– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. As 2025 ended, all of the important trends seemed to intensify. The US$ is down 10% YoY by one measure, commodities are higher by the same or more, oil prices continued to fade, and the recent waning in the YoY growth of withholding […]

Perhaps, It is Not a Good Idea to Do Only One Clinical Study?

Typically, it does take more than one clinical study to insure . . . A lower number of Clinical Studies: WASHINGTON — The Food and Drug Administration plans to begin requiring one clinical study, instead of the standard two, for medical products before consideration for approval, FDA Commissioner Marty Makary announced late in 2025.  While historically the […]

Economic year end summary for 2025: housing, jobs, & real income stagnant, while spending powers forward

 – by New Deal democrat There is no new noteworthy data today; and the ISM manufacturing index, normally released on the first workday of each month, won’t be released until Monday, so today is an ideal time to check in on the state of the economy in general, and of housing in particular, at the […]

What the market will bear

I started college at the dawning of the age of cloning. Recombinant DNA technology represented the transition from descriptive molecular biology to genetic engineering. By the time I started teaching medical students, the genes mutated in terrible diseases like cystic fibrosis, Tay-Sachs, hemophilia and Fragile X were being cloned. There was always an obligatory paragraph […]