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

Vortex

Stable genius, me arse.  Veritable idiot, more like.  And, a neanderthal.  Abysmally ignorant of state craft, of economics, of finance, of trade, of government, of science, of history, … of anything other than his own own oral anal.  From anal to oral, gut to mouth, sixteen and more hours a day.  But for Fred and […]

Construction spending continues contraction, amplifying yellow flag caution from manufacturing

 – by New Deal democrat I concluded last month’s post on construction spending by writing “Putting this report together with this morning’s other report on manufacturing from ISM, it appears the goods-producing part of the economy as a whole is very slightly contracting. It will be interesting to see if this is reflected in a decline […]

Some Additional Thoughts and Reading . . . Fellow Rats

– Supreme Court limits nationwide injunctions, but fate of Trump birthright citizenship order unclear. The Copper Courier. “the decision left unclear the fate of President Donald Trump’s restrictions on birthright citizenship.” – States can cut off Medicaid funding to Planned Parenthood, the Supreme Court rules. Associated Press. “authored by Justice Neil Gorsuch and joined by the […]

Preliminary economically weighted ISM average for June continues in “recession watch” territory

 – by New Deal democrat As usual, we start out the month with reports on both manufacturing and construction. Ill post separately on construction. Additionally, the May JOLTS reports was posted, but I’ll discuss that tomorrow. So let’s start with the ISM manufacturing report, a recognized leading indicator for the past 60+ years, although of diminished […]

Trump’s America: shrinking our way to excellence

Abroad, Trump is sending American hard power in retreat by pulling back on NATO and threatening to invade and take over a NATO country. American soft power under Trump is also in retreat, with the abandonment of USAID and Voice of America. At home, Trump is shrinking American agriculture by the USAID cuts. He’s levied […]

The Brushy Mountain State Prison of the Everglades

I grew up about 20 miles from Brushy Mountain State Prison. You may remember it as the place James Earl Ray was held until, briefly, he wasn’t. He escaped and was re-captured. The appeal of Brushy Mountain included rough terrain and venomous snakes that inhabited the surrounding area. Copperhead Alcatraz. I once visited the prison […]

The US federal deficit isn’t the scariest deficit

While Congress debates just how much to goose the federal deficit, the global climate budget is even further out of balance that previously feared: “But another approach can give us a very clear sense of what’s going on: track how much heat enters Earth’s atmosphere and how much heat leaves. This is Earth’s energy budget, […]