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

Americans Shopping is a Runaway Train?

The conversation started with my investment person about two particulars which I was curious as to what he was expecting in returns. Those two were losing somewhat over the last 5 months. Excitedly, he started off on how the Fed was going to rein in inflation. I listened and answered. However you do it, raising […]

The bad faith of the Great Barrington Declaration

Jay Bhattacharya is one of the authors of the Great Barrington Declaration, which called for the immediate elimination of all lockdowns and “focused protection” of the vulnerable.  Yesterday Bhattacharya tweeted this: Putting the snark aside, this seems consistent with the Great Barrington Declaration; the GBD claimed that the costs of lockdowns are high and exceed […]

RIP Sharon L. O’Hare

If Barkley is writing about it, it warrants space on AB. RIP Sharon L. O’Hare, Econospeak, Barley Rosser I know, I know, my part of this blog is increasingly resembling an obituary column. But, heck, people I know who are conneted to econ keep dying, although this one was not as well known as others. […]

Record High in Producer Price Index and Other Market Indicators

Record 9.6% Annual Increase in November Producer Price Index; Record 6.9% YoY Increase in Core Prices; Record 7.1% YoY Increase for Final Demand Services, Record 14.9% Increase for Final Demand Goods, and a 46+ year Record for Prices of Intermediate Goods, RJS, MarketWatch 666 The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in […]

Waldman on Waldmann

“the economist who thinks he has caught what all the virologists have missed” is right here Paul. OK now I have to put my mouth where my mouth is. I do honestly think I have answers which are of interest to actual virologists. Start with the antibody, then find the antigen. This is really a […]

David Stockman is still alive and kicking. Let’s see what he has to say about Covid-19.

Did you know Stockman is still alive?  I didn’t until I ran across some “analysis” of his at The Brownstone Institute.  Let’s look at his latest. Stockman is troubled that Biden and his advisers wear masks when they meet (my emphasis): Yet if the Vaxx is actually a spread stopper, why do they sit there […]

Final existing home sales report of 2021 is positive

Final existing home sales report of 2021 is positive  As we wind down the year, most of the remaining data will be from the housing sector. Tomorrow we get new home sales, then next week one final round of house price indexes.  Two months ago I wrote that “I suspect new home sales will increase, […]

Low Income Families Spend Tax Credit on Basic Needs and Education

This topic is blowing up in the news. Politicians claiming recipients are laying out cash for drugs and other unneeded things. Funny thing, they didn’t give a damn when 20 million hydrocodone and oxycodone tabs showed up at five pharmacies in 4 small towns having a total population of ~22000 in 2016. Gotta keep those […]