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

Talking Smack about Tr__p

We have three people involved in a potential scandal. The accuser Donald Trump claims Vice President Kamala Harris paid out $11 million to musician and singer Beyoncé for endorsing Kamala Harris. Over the weekend, Trump called for musician Beyoncé to be prosecuted for breaking the law by taking $11 million for endorsing Democratic presidential nominee […]

Boring

Musk’s tunnel drilling company, The Boring Company, has announced a privately funded plan to build a 10-mile underground people-mover connecting the convention center and downtown to the airport. Take that to the bank? Not so fast. “Musk also claimed during the first Trump administration that The Boring Company had received “verbal govt approval” to dig […]

Repeat home sales and leading apartment rent indexes both point to lower shelter inflation ahead

 – by New Deal democrat This morning’s repeat home sales reports from the FHFA and S&P Case Shiller were not good news for sellers – but very good news for future consumer inflation readings. On a seasonally adjusted basis, in the three month average through May, the Case-Shiller national index (light blue in the graphs below) declined […]

Healthcare Coverage as a Government Responsibility?

Interesting piece as taken from Gallup about healthcare coverage and who should be responsible for it. Most adult Americans believe the government should be directing a healthcare program for the citizens of the United States. That being said, all individuals would be covered. The article did not break it down by citizen or noncitizen. In […]

A Lesson from History: Judge Frank Johnson on the Right to Protest

I too would call this a history lesson. Read on, it is interesting how these events were perceived. I was around then watching all of this unflod. Civil Discourse The Voting Rights Act Turns 60 Alabama, June 11, 1963. An American president deployed federalized National Guardsmen to help implement  Brown v. Board, the desegregation case. […]

Is Bitcoin right for you?

I see where Russia is turning to cryptocurrency to avoid sanctions. Seems like there’s a new cryptocurrency every day. Scam? Ponzi scheme? Part of your retirement portfolio? To answer this question for myself, I have to compare crypto to its alternatives. I’ll focus on Bitcoin because it’s been around awhile and seems to have a […]

What I’m watching this week: real spending on goods, payrolls, and corporate profits

 – by New Deal democrat Once again there is no significant economic news on a Monday, so let’s take a look at the important data I am especially interested in later this week. Consumption leads employment, and since consumption is about 70% of the US economy, any downturn in consumption is important, as it directly affects […]

Comparing Trump’s Executive Order Blitz to Past Presidents

Criticizing former President Barack Obama’s for his use of executive orders, Pres. D. Trump claims or states he would prefer to work with Congress to pass laws. Dementia is creeping in as this refers to his first presidency and such is not in play now. I guess this was B.S. like everything else which spews forth from […]