Thoughts on Silicon Valley Bank: Why the FDIC plan isn’t (but also is) a bailout; and why systemic risk remains – by New Deal democrat There’s no big economic data being released today. Which I guess is fortunate, since we had a little kerfuffle over the weekend. Which may or may not be over. Herewith hopefully […]
Traditional USPS supporter at Save the Post Office, Steve Hutkins presents the latest information about the reorganization of the USPS. We had let off where President Joe Biden has/had a chance to replace two commissioners whose terms were at an end. Everyone wants two new Commissioners, but Biden has not made a move yet on […]
I do not understand what the hell is going on regarding Silicon Valley Bank. I read something in the New York Times that seems to suggest to the no doubt completely confused me that somehow money will change hands as if uninsured deposits were insured. I have some simple questions. What happened ? What is […]
Part Two explores where Medicare should be going forward as determined by doctors Richard Gilfillan and Donald M. Berwick. It is an endorsement of the ACO model with changes to it creating greater efficiency. I am not so sure Kip Sullivan would endorse this approach as opposed to Single Payer. Ultimately Single Payer is less […]
What Every Conservative Needs to Know about Student Loans, Alan Collinge, Medium. Conservatives have been tricked into defending the worst big-government loan scam in U.S. History; a slight majority of the borrowers identify as either republican, or independent. The 2020 election was a huge loss for the republicans. Even so, Conservatives buoyed by recent election […]
February jobs report: the decelerating trend resumes – by New Deal democrat As I’ve written several times this week, my focus on this report was on whether manufacturing and residential construction jobs turned negative or not, whether temporary jobs continued on their downward trajectory, and whether the deceleration apparent in job growth would reappear after […]
This is Part One covering Medicare Advantage, Direct Contracting, and the MA Money Machine of which the Risk Scores drive the payout. If the Risk Scoring methodology was eliminated, ~$355 billion over the next eight years if just the risk-score related overpayments were eliminated. This is a pretty good read if you have the patience […]
This NYT story just dredges up the stories we would read and hear in the fifties and sixties. Popular song when I was hanging around the coffee houses then. No Starbucks then or laptops. If the song was of your ilk. Arriving in record numbers, the children escaping other countries are ending up in jobs […]
January JOLTS report consistent with a softening, but still very strong, labor market – by New Deal democrat This morning’s JOLTS report for January, unlike the recent payrolls report, generally showed further softening in the labor market. While hires (red in the graph below, normed to a value of 100 as of February 2020) increased 121,000, […]
The Fed still seems determined to bring about a recession – by New Deal democrat As I wrote on Saturday, several coincident indicators have stabilized in the past several months (for example, Redbook consumer sales, which has been at roughly 5% YoY for 8 weeks; and payroll tax withholding, which was only up 1.2% YoY […]