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 […]
Please! Please! Spare us the charade. No more denials. No more tear-jerking stories about job loss. We know that you fossils are not dumb. That what you fossils really want is to be bought out. With $Trillions of reserves on the block, who can blame you? Buying you out might be best. Certainly better than […]
We are all somewhere on the spectrum. Little doubt. Probably not on the one-dimensional line of dots or Verne’s Green Ray (Le Rayon Vert). More likely on the two-dimensional Venn when a three is needed. A point in space is needed to depict those of us who are alone out there in space; else they […]
by New Deal democrat Weekly Indicators for October 25 – 29 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. There are increasing signs that commodity prices are peaking, the latest candidate – but it may just be noise! – is the price of oil. And if commodity prices are peaking, that gives […]
À la recherche du socially necessary labour temps perdu How many Trained Marxists™ know there is no “socially necessary labour time” in the Grundrisse? I didn’t. When researching the provenance of the term, I was surprised to discover that it was present in neither the Grundrisse nor Marx’s Contribution to a Critique of Political Economy. The latter book had a lot […]
New home sales confirm upturn in housing, while FHFA and Case Shiller suggest increase in house prices is slowing This morning we got three reports on housing sales and prices. Let’s start with the sales data. New home sales, while very noisy and heavily revised, tend to lead all of the other housing indicators, even […]
“Democrats Introduce Plan To Fix Social Security, the way we fixed the cat,” Commenter and Social Security Expert Dale Coberly assesses the latest plan coming out of Washington DC “Congress has a new plan to fix Social Security. How it would change benefits,” CNBC in the House. Dale was one of the creators of the Northwest […]
Q3 GDP will show economic contraction? 150+ years of short term interest rate history says no No economic news today, but let me show you one important reason I am not concerned about the supply chain or inflation issues at this point, despite some DOOOMMsaying about a likely punk GDP reading for Q3 that will […]
“Regenerative Agriculture Certification,” Michael Smith, Farmer and Economist Dear Regenerative Certification team, It is a pleasure to submit and share what Foxglove Grove has been working toward since our initial business plan and due diligence exploration phase going back to 2015. As of 2020 we have taken 2018 proof of concept, turned it into an […]