Seldom do we get the chance to build something the way it should be. For the internet, the first chance was back in the 1990s. Not enough was known then. We’ve learned a lot the hard way since. Let us begin our design by asking, “How best to utilize the internet?” It is apparent that […]
by New Deal democrat Why Yesterday’s CPI report was so important As promised, here is a link to my article, Why Yesterday’s CPI Report was such a Big Deal, over at Seeking Alpha. I go into a great deal of detail parsing the report, particularly with regard to how the huge increase in house prices as […]
Producer price inflation: it’s a gas! I normally do not pay much attention to producer prices, but with the huge increase in spending earlier this year and the ensuing supply bottlenecks taking center stage, the course of inflation has emerged as the most pressing economic issue. To recap briefly, with the second round of pandemic […]
MarketWatch 666: Commenter and Blogger RJS; October’s jobs report; September’s trade deficit, construction spending, and factory inventories, et al Major economic reports that were released the past week included the Employment Situation Summary for October from the Bureau of Labor Statistics, and three September reports that included metrics which were either estimated or included in last week’s […]
Money Illusion in the Twenty-First Century The starting point for any consideration of inflation is that wages (and interest, profits, and rents) are prices. Every transaction has two sides, and one person’s price is another’s income. In the aggregate, leaving aside international complications, inflation can’t have either a negative or positive effect on aggregate real […]
October jobs report: a very strong report putting to rest questions about the strength of the expansion In the light of the last two month’s relatively “poor” jobs readings, an important question was what was going to happen with revisions. As we will see below, they really delivered! – big positive revisions to both of […]
Three reasons for the decline in Biden’s (and Democrats’) popularity Dan Guild follows presidential approval closely and uses it to model election outcomes, including State level as well as Congressional and Senate races. He’s been very consistent, and very good. For the past several months, his hair has been on fire about a real decline […]
Commenter and Blogger, RJS MarketWatch 666 3rd quarter GDP, September’s income and outlays, durable goods, & new home sales The key economic reports that were released this week were the 1st estimate of 3rd quarter GDP and the September report on Personal Income and Spending, both from the Bureau of Economic Analysis ….the week also saw the release […]
Theft of alien labour time is a miserable foundation In the early 1980s, I was riding home from work on a bus and looked out the window at a Toyota pickup truck alongside. I was overwhelmed by the realization that I could never in my life make such an object by hand, even if I […]
Commenter and Blogger RJS at Marketwatch 666; “September Durable Goods: New Orders Down 0.4%, Shipments Up 0.4%, Inventories Up 0.9%“ September Advanced Report Durable Goods Manufacturer Shipments, Inventories, and Orders, US Census The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for September (pdf) from the Census Bureau reported that the value of the […]