Dan’s Open Thread May 10, 2023
Open Thread April 29, 2023, Angry Bear, angrybearblog.com
The Constitution, Obama and raising the debt ceiling
In an effort to slow down the severe recession as well as the persistently high unemployment rate following the 2007-08 Financial Crisis, the government increased federal spending. As a result, the federal debt reached its limit on multiple occasions from 2008 to 2011 which led to a series of increases of the debt limit. In 2011, […]
More on the Debt Limit
This Hill article was up on Naked Capitalism’s Links this morning. More of the Democrats urging extreme caution in pursuing the 14th Amendment as a solution to a debt limit which is an agreement between parties and not a requirement. One could always print more money to resolve the issue also. Meanwhile, citizens having little […]
Credit conditions worsen, and likely to worsen further due to Debt Ceiling Debacle II
Credit conditions worsen, and likely to worsen further due to Debt Ceiling Debacle II – by New Deal democrat The Senior Loan Officer Survey, which measures credit on offer by banks, and the demand for credit by their customers, was released yesterday afternoon for Q1, and the news – unsurprisingly – was not good. Credit conditions […]
“Successful people have successful friends.”
The Atlantic’s Brooke Harrington has an article about Justice Thomas’s friendship with people outside the court which includes gift-giving. There is no reciprocation of “its my turn now to buy the dinner.” The gifts are far more than just a lunch or dinner at a much-desired restaurant. That there are no rules defining ethical behavior […]
Scenes from the April employment report: the Fed just can’t kill the employment “beast”
Scenes from the April employment report: the Fed just can’t kill the employment “beast” – by New Deal democrat There’s no economic news this morning, so let’s take a closer look at some important trends from last Friday’s April jobs report . As I and many others wrote, an important theme was that the deceleration […]
What You Already Knew (?), The Waning of SARS-CoV-2 Vaccine – Induced Immunity
Checking my emails this morning and found this article as taken from MedPage Today listing the JAMA Network Open article. The article was accepted for publication on March 13 of this year. It finally came to be published May 3, 2023. The study has all the credentials of a particular matter. The data coming from […]
Another Bad Day in Tombstone USA
The title is mine. We do not appear to have any good guys as portrayed in all the western movies we would see on the big screen. No Wyatt Earp or Matt Dillion to take care of the bad guys. Maybe Justice Clarence will get out there and pull a bit of guard duty to […]
What is in Republican McCarthy’s debt-limit spending cut package?
Factbox: What’s in Republican McCarthy’s debt-limit spending cut package? Reuters, Andy Sullivan. Items Republicans and McCarthy are pushing for in a debt-limit package. The bill would essentially pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the federal debt limit. Republicans are wanting to talk about government borrowing. “What’s in your wallet,” […]
New Deal democrats Weekly Indicators for May 1- 5
run75441’s footnote to NDd Weekly Analysis . . . The analysis by NDd is one of the most thorough ones, I read on a weekly basis. It sums up the week casting the numbers for the week in comparison to what is going on economically. What I see happening in the economy, NDd brings to […]