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

Inflation & Corporate Profits

Is there a relationship between Inflation and Corporate Profits? I think so. But I do not know of anyone talking about the relationship, so I will. The point I want to make is that corporations control prices. They set prices. They are not just price-takers. Corporations will change prices with an eye on their profits. […]

Apparently it wasn’t time for some traffic problems on I-95 during Kaine’s term as governor

Kaine’s emails show he was engaged on everything from traffic flows on southbound I-95 to explanations on why he picked one state lawmaker over another to sponsor income tax legislation. “Because I know him much better,” the governor wrote. — Kaine email trove shows media-savvy micromanager, Darren Samuelsohn, Politico, today I thought it was time […]

Ugh. Okay, still …

In a letter co-signed by 15 other Senate Democrats — and every Senate Republican — Kaine asked the Consumer Financial Protection Bureau to exempt community banks and credit unions from many of its regulatory requirements. In justifying these exemptions, the letter suggests that these regulations would make it more difficult for these small banks to continue “spurring economic growth” […]

I think Kaine will be fine. [UPDATE: I’m no longer so sure.]

When I posted this earlier today it was because I had just read an article about these letters Kaine had joined other members of Congress in signing last week.  The article wasn’t the one I just linked to; I can’t find the one I read.  But I misunderstood it in two respects: I thought the […]

The New World ORDER

Paul Krugman has a terrific column today titled “Donald Trump, the Siberian Candidate,” but really he suggests that Trump is the Manchurian candidate. Krugman suggests that Trump is actually fronting for Putin on the world stage. I think he’s right. The only difference between the Manchurian candidate in the movie and Donald Trump is that […]

Am I the only one who thinks Trump’s New York Times interview probably ends his competitiveness in most of the Rust Belt? Just wonderin’.

CLEVELAND — Donald J. Trump, on the eve of accepting the Republican nomination for president, explicitly raised new questions on Wednesday about his commitment to automatically defending NATO allies if they are attacked, saying he would first look at their contributions to the alliance. Asked about Russia’s threatening activities, which have unnerved the small Baltic […]