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

Traveling Globally and in the United States

I have traveled globally and also into Mexico as well as other places. Enough so that I burned through one passport in two years. I have met some interesting people while traveling. Also, I have never had much trouble going in and out of countries. The agents were always courteous. And going in and out […]

The AI stock price bubble and consumer spending Ponzi loop?

 – by New Deal democrat One of this things that has puzzled me for the last few months is why consumer spending has remained so strong in the face of so many headwinds in the economy, some from horrible policy coming out of Washington, some embedded in the long leading and short leading sectors.  There is […]

Beachfront property and sunk costs

While we were grad students at UNC-Chapel Hill, we visited my wife’s uncle and his family on the Outer Banks. He built fishing boats, and lhey lived in a modest house in Buxton, near Hatteras lighthouse. Hatteras lighthouse is the tallest lighthouse in the US. In 1999, Hatteras lighthouse was moved from its original location […]

COVID vaccine rules added in contentious meeting

Which is BS. Hmmm. It appears what came rather easily in the past is now going to be made more difficult due to political interests rather than scientific knowledge on the issue of Covid vaccines. This has come rather easily in the past. And now, I need a prescription? Did Covid go away? No. It […]

Jobless claims continue higher YoY trend

– by New Deal democrat We are in the part of the year when, post-Covid, likely residual seasonality has resulted in a declining trend in new jobless claims.  Not this year. On a week over week basis, initial jobless claims did decline -33,000 from last week’s outlier 264,000 to 231,000, and the four week averaged declined […]

The Kimmel firing was strictly business

Look, I haven’t watched TV in over 20 years. I’ve never seen a Superbowl game in my life, and the only time I’ve seen Jimmy Kimmel is clips on Youtube. So I can’t boycott Disney because I wasn’t patronizing them in the first place. Anyway, Bob Iger cares about stockholders first, last and always. “If […]

Schumer not folding?

According to Punchbowl News, via Political Wire, Schumer sounds like he is going to hang tough in budget negotiations.  I think it is possible Democrats could win a shutdown fight, although the most knowledgeable political observers disagree.  But if this is real, not political theater for angry base voters, then the Democrats should have a […]

Do You Have a Right to Exist?

“Only One Side Thinks You Have the Right to Exist,” Bad Crow Review I really just want to be in Japan. Help a brother out. The thing that sticks with me about the guys surfing the Sada River is how powerful the waves were rolling inland and up the river from the bay. They were small, probably two […]