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

PPI, Core Prices, Demand Services and Goods Increase

November’s retail sales, industrial production, producer prices, & new home construction; October’s business inventories, Summary: 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 YoY 14.9% Increase for Final Demand Goods, and a 46+ year Record for Prices of […]

Un Tiro Manchin

The italian idiom for a low blow (also for an unexpected blow) is “un tiro mancino” literally a left handed blow. Manchin hit all the other Democrats with a tiro mancino yesterday. Notably “mancino” means left handed so, hard as it is to believe, he had ancestors who were lefties as in left handed. Aside […]

This is Just Cringeworthy

Cringeworthy, are the numbers of people who still are unvaccinated and believe they will not be stricken by Covid. Hospitals, doctors, nurses and the staff are at critical mass again. Meanwhile courts continue to block mandatory vaccinations on the premise it is their right to become infected and endanger others. And Republicans are cheering on […]

Oil Supplies at 83 Month Low, Demand at Record High

Total supplies at an 83 month low; total demand at a record high; distillates demand at 18+ year high; global shortage at 1,210,000 bpd, Focus On Fracking, RJS Strategic Petroleum Reserve approaching a 19 year low; oil + products supplies drop to an 83 month low; total oil product demand sets a record high, led […]

A follow-up on “Democrats should stop trying to save Republicans from themselves”

Friday morning I argued that Democrats should stop trying to save Republicans from themselves. Biden will address nation and change his approach I was unaware that on Thursday afternoon Biden had given a statement to the press urging people to get vaccinated.  Apparently he will also give a national address Tuesday.  According to the New […]

Real retail sales declined in November, but continue to auger well for strong jobs growth

Real retail sales declined in November, but continue to auger well for strong jobs growth, New Deal Democrat Retail sales, one of my favorite “real” economic indicators, were reported this morning for November. They increased 0.3% for the month, and October’s blockbuster report was revised 0.1% higher, to +1.8%. After inflation, though, “real” retail sales declined […]

Whole Lotka Shakin’ Goin’ On

Whole Lotka Shakin’ Goin’ On In a 1967 festschrift for Maurice Dobb, Richard Goodwin published an influential paper, “A Growth Cycle” on the “class struggle” model of cycles in economic growth. I only became aware of this famous paper because it had occurred to me that the dynamics of relative surplus population, necessary labour time, […]

An Urgent Warning about Omicron’s Exponential Spread

A brief introduction, not to New Deal democrat, but to the subject matter. An extremely contagious new Covid virus is emerging globally and in the US. Those who have resisted inoculations and other preventative measures may find themselves particularly vulnerable. Reviewing the graphs presented, this virus will rapidly infect the US. This Covid Virus will […]

The Second and Last Death of Capitalism

—We study history in order to better understand what is going on now, to be better able to look into the future. — The Great Depression was a manifestation of the utter and complete failure of capitalism. Social Security, unemployment, and Welfare were implicit admissions of this failure. Capitalism had spectacularly failed to provide for […]