Special Call Out to Bruce and Noni with a Happy Birthday. Relaxing today. Gonna visit with my Marine Sergeant nephew who follows in my footsteps even though I said not to do so. Younguns never listen . . .

I’m still not here,* but do want to note the official confirmation that One of the Good Ones

Been taking some time to recoup from back surgery (8 inch gash Lumbar area), catch my breath, and find some more interesting topics on which to write. There are some awesome reads out there if you just take some time to search for them. – Another Christmas gift from Dean Baker; The Effort to Divert […]

This is the third of a series of posts on the non accelerating wage inflation rate of unemployment (NAWRU) estimated by the European Commission. In the first, I argue that this estimate is very important because it is used to implement the Stability and Growth Pact. In the second, I argue that the NAWRU is […]

3:00 PM Eastern Std Time. Christmas Eve and my wife has made raviolis which will be our dinner along with salad and her home made Italian Dressing. Even with being achy and tired from the events impacting me this year; I am still fortunate to be enjoying a home cooked meal this year safe from […]

By way of JimH in the comments section, the ratio of inventories to sales has been rising through 2015. (link to graph) Through the 1990’s and into the 2000’s, inventories were dropping with such things as advances in supply chain management and point of sale inventory control. However since the crisis, that trend is reversing. […]

Periodically I present updated information about consumption from capital and labor income. Using the NIPA accounts and labor share, I can separate consumption by capital and labor. Total consumption is trending steadily upward. Even with consumption trending steadily, in 2013 consumption by capital income began to move sideways, while consumption by labor income began to […]

The argument behind MJ.ABW in relation to Social Security (More Jobs. At Better Wages) by real economist and mentor Dean Baker of CEPR. Also an implicit underpinning of the Northwest Plan for a Real Social Security Fix. The whole thing is short if you want to read through: An Aging Society Is No Problem When […]