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

SCOTUS Denies trump’s Demand . . .

SCOTUS Denies Trump’s Demand To Withhold Docs From Jan 6th Committee DONALD J. TRUMP, FORMER PRESIDENT OF THE UNITED STATES v. BENNIE G. THOMPSON, IN HIS OFFICIAL CAPACITY AS CHAIRMAN OF THE UNITED STATES HOUSE SELECT COMMITTEE TO INVESTIGATE THE JANUARY 6TH  ATTACK ON THE UNITED STATES CAPITOL, ET AL The application for stay of mandate and injunction pending review presented to THE CHIEF JUSTICE and by him re-ferred […]

Commercial crude at new low, total US supply lowest since January 2012; gasoline demand at 11 month low

RJS, Focus on Fracking, Strategic Petroleum Reserve at a new 19 year low; commercial crude inventories fall to 45 month low, total US oil supplies lowest since January 20th 2012; implied gasoline demand at 11 month low; largest jump in drilling rigs since April 1st as the Haynesville and the Marcellus are targeted for oil This Week’s Rig Count The number […]

Blacks and Hispanics are unlikely to have fair access to Paxlovid

This doesn’t justify the NYDH guidance. In a recent post, I criticized the New York Department of Health for using race/ethnicity as risk factors when determining eligibility for Paxlovid without providing evidence that Black/Hispanic people are more likely to die if they get Covid-19 than similar White people. My criticism is not based on a […]

An Opinion II

This is my second comment on Noah Smith’s substack. Today he wrote about something I should know about — macroeconomics. As always, I am amazed by Noah’s knowledge (it is his former former field of academic research). I don’t know for sure if his article is available only for subscribers, so I will try to […]

Short term economic forecast through mid-year 2022

by New Deal democrat Short term economic forecast through mid year 2022 My short-term forecast for the first half of this year is up at Seeking Alpha. This forecast is based on the same system I have successfully used since before the Great Recession. Most forecasters, deliberately or not, cherry pick data points to fit a […]

CPI Rose 0.5% in December, Annual Inflation at a 39 Year High

RJS, MarketWatch 666 CPI Rose 0.5% in December on Higher Prices for Food, Shelter, Clothing, Vehicles, & Furniture; Annual Inflation at a 39 Year High The consumer price index rose 0.5% in December, as higher prices for food, clothing, shelter, new and used vehicles, airline fares, furniture, and laundry appliances and were partly offset by […]

The political costs of racial preferences

Donald Trump had a rally this weekend in Arizona: Former President Donald Trump on Saturday claimed that white people are being discriminated against and sent to the “back of the line” when it comes to receiving COVID-19 vaccines and treatment. Speaking during a rally in Florence, Arizona, Trump alleged that coronavirus vaccines and treatments are being unfairly […]

The Ethics and Economics of Farmers Markets

“I Quit” Micheal Smith, The Ethics and Economics of Farmers Markets It is early, frosty mornings such as these where I would love to sleep past 6am, enjoy a cup of tea, watch the news and think about what is on the ‘has to get done list’.  These days I think about fence work, discing in […]