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

A second nuclear era?

I grew up in Oak Ridge TN in the 1960s. It would have been hard to find any city in the world more pro-nuclear at that time*. Since then, nuclear power plant building went into decline in the US, partly because of concerns over safety. But any serious effort to decarbonize the world’s energy will […]

Economic Projections is not living up to its promises

Here we are EOM February, have economic projections improved under Trump? I do not believe, this administration gives a damn about economic projections. It is open to questions though. 🙂 Stay-At-Home Macro (SAHM), “The Fed’s Summary of Economic Projections isn’t living up to its promises,” Claudia Sahm On December 18th, the Fed officials voted to […]

Charles Gaba Commenting on Trump and Vance

Charles Gaba at ACA Signups commenting on Trump and Vance selling out Ukraine. Today if you missed it, you can see our best of the best negotiators bullying Zelinsky as they attempt to sell out Ukraine to Russia. And still Trump wants to have access to Ukraine’s minerals. What jackasses we have for leadership. If […]

Time for A Few Small Repairs?

Citigroup credited a client’s account with $81tn when it meant to send only $280, an error that could hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues. Yes, that is 81 trillion U.S. Dollars, which about says it all. The good news for Citi is that–this time–they managed to get […]

The Legacy

America has set its life upon a cast and will now stand the hazard of the die.  As of today, most likely, Trump’s legacy will be that he sold out the United States of America, Ukraine, Europe, and Taiwan for his own personal benefit, and perhaps a nineteenth-century fantasy.  That his threats to annex Panama […]

January income and spending show unresolved seasonality in a typical late cycle configuration

 – by New Deal democrat There were two important points in this morning’s personal income and spending report for January. The first is that there appears to be some unresolved seasonality at work. The second is that nevertheless both were weaker than one year ago. Nominally personal income rose 0.9%, while spending declined -0.2%. Since […]

Dental health and mental health

Back in the early 80s, Marshall and Warren made the link between gastric ulcers and Helicobacter pylori infections. Suddenly, a painful chronic condition that increased the risk of stomach cancer was curable with antibiotics. A major public health scourge today in America is dementia, particularly Alzheimer’s disease. There’s growing evidence that periodontitis is linked to […]

I Guess the Nursing Homes don’t care

With all the focus on Medicaid, I have been wondering; why haven’t we heard from the long-term care industry? Surely they must be hearing about the potential cut of $880 billion within the Medicaid budget. Oh, and this is a minimum directive given to the committees of jurisdiction as noted in their 58 page budget […]

Musk and his lies, lies, and more lies

More political coverage this morning. If one can call it such. Trump lying about Medicaid and Musk doing the same about his cost cutting activities which is causing injury to millions of people. ~~~~~~~ He’s lying about what we did in the Clinton administration, lying when he says public servants are our enemies, and lying […]