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

When should we begin a see a real improvement back towards “full employment”?

Pandemic job losses: when should we begin a see a real improvement back towards “full employment”? Let’s take a deeper look at where employment stands as we begin to see the end of the pandemic in sight. As I and many others noted last Friday, although with the exception of one month there have been […]

CPI Rose 0.4% in February on Higher Prices for Energy and Medical Services

Commenter R.J.S. Discuses CPI Rising led by Food, Energy, and Medical The consumer price index rose 0.4% in February, as higher prices for fuel, groceries, utilities, and medical services were only partly offset by lower prices for clothing, used vehicles, and airline fares…the Consumer Price Index Summary from the Bureau of Labor Statistics indicated that seasonally adjusted prices […]

Coronavirus dashboard for March 8: Update on the effect of vaccinations

Coronavirus dashboard for March 8: Update on the effect of vaccinations My first post on the coronavirus was almost exactly one year ago, on March 10, 2020, “This is what exponential growth looks like,” warning that exponential spread was exactly what had started to happen in the US. We are now finally averaging the administration of […]

Initial jobless claims make further progress towards November lows

Initial jobless claims make further progress towards November lows Last week I “pre-debunked” the idea that a lack of reporting in Texas skewed the big decline in claims, concluding that “being very generous, the ‘real’ seasonally adjusted number of initial claims at worst probably would have been only about 30,000 higher – I.e., 760,000 – […]

January Exports and Imports

Commenter RJS, MarketWatch 666 on the Goods and Services Trade Deficit. International Trade in Goods and Services, March 5, 2021 Our trade deficit rose 1.9% in January, as both the value of our exports and our imports increased, but the value of our imports increased by more…the Commerce Dept report on our international trade in goods […]

Weekly Indicators for March 2 – 6 at Seeking Alpha

 by New Deal democrat Weekly Indicators for March 2 – 6 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Two important data considerations this week: (1) for the first time, some YoY comparisons – e.g., restaurant reservations – are compared with data after the onset of the pandemic. The distortions will intensify […]

The Role of The Big Lie

Usually, lies are told for purpose. So, in most cases, if we can determine whose purpose is being served, we will know who is behind the lie. Whose interests were being served by the Confederacy during the American Civil War? Sure as heck wasn’t those of the yeomen farmers who did most of the fighting […]

Tech Companies: Be your own town and government

I saw this bit of news on Steven Colbert’s show last night. Seems Nevada’s Democratic Governor thinks tech companies need to be their own town. The thinking is that this is a way to attract business development without spending money. What could go wrong? From the AP news: “Democratic Gov. Steve Sisolak announced a plan […]

Texas freeze; oil refining and distillate exports drop most since Harvey . . .

Commenter R.J.S.: Record drops in US oil output, US oil exports, distillates’ output on Texas freeze as US burns 15% of natural gas inventories in one week . . US oil data from the US Energy Information Administration for the week ending February 19th indicated that because the big drops in our oil exports and our oil refining associated […]