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

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. […]

District Courts Push-Back

All The Litigation – by Joyce Vance Civil Discourse At least one federal judge isn’t intimidated by Trump cronies attacking federal judges who have ruled against the new administration during its first three weeks of operation. Those attacks have taken the form of Elon Musk posting that 1% of the constitutionally life-tenured jurists should be fired every […]

The Big Convergence: scenes from the January employment report

– by New Deal democrat There’s no new significant news until Wednesday, so let’s catch up graphically with a few important items from Friday’s employment report for January. As I wrote then, probably the most important developments weren’t in the monthly numbers, but rather the annual revisions to both the Establishment and Household Surveys.  For […]