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

Threatening the World with Tariffs

I am finding there are a greater degree of politics going on in economic commentaries. Maybe it was always there and I was just missing it? A bit of Paul Krugman this Wednesday morning on Global Trade and Tariffs. Trump’s threatens countries with tariffs if they do not bow to him and do as he […]

‘The Trump Swamp Is Growing’

‘The Trump Swamp Is Growing’: President Fires Ethics Chief as DOJ Moves to Drop Eric Adams Charges Common Dreams U.S. President Donald Trump on Monday fired the director of the Office of Government Ethics (OGE) as his administration (packed with billionaires and riddled with conflicts of interest) abandons even the pretense of opposing corruption and lawlessness. A course […]

GDP Grows 2.3 Percent

GDP Grows 2.3 Percent, Led by a Big Jump in Durable Good Sales, CEPR The economy grew at a 2.3 percent annual rate in the fourth quarter, somewhat less than had generally been expected. However the reason for the miss was a sharp slowing in inventory growth, which subtracted 0.93 percentage points from GDP for […]

Judges for me but not for thee

Suddenly, Trump supporters are no longer fans of district judges: “For those of us who lived through the reigns of Judges Matthew Kacsmaryk and Reed O’Connor (so, like, we who were alive six months ago), this is a surprising turn of events. “The Kacsmaryks and O’Connors thwarted the Biden administration constantly, and on much hackier […]

CAR VII

Here I report on research on off the shelf CAR T-cells (which was conducted beyond the reach of Trump, Miust and Vought)

An examination of the levitation in residential building employment

 – by New Deal democrat While we are waiting for new economic data tomorrow, let me pick up on an issue I closed with yesterday: while manufacturing has turned down, goods production in the US economy is being held up by construction, and in particular residential construction. Given the severe hike in mortgage rates as well […]

The CIA is a “leftist” organization?

Apparently, there’s this weird, ahistorical conspiracy theory out there that the CIA is a leftist organization. Not only is there not an atom of evidence for this theory, there’s ample evidence of CIA involvement in destabilizing and overthrowing liberal and leftist governments in favor of right-wing dictatorships: Here’s a short list of CIA interventions in […]

Why didn’t John Dillinger think of that?

“Johnson said he “wholeheartedly” agrees with Vice President JD Vance that courts shouldn’t try to control the president’s power as DOGE slashes through the federal government. “The courts should take a step back and allow these processes to play out,” Johnson said at the Capitol.” Pretty Boy Floyd. Al Capone. Bonnie and Clyde. All just […]

Boring Fed January 30th

Ten Days later and I am just catching up on this. Typing on a new computer now, I was hoping to transfer all of my old files on to this one. Hard drive on the old one is limping along. I still do not have an update. Anyway, some Claudia Sahm to peak your interest. […]