“When it comes to our knowledge and opinions, we tend to stick to our guns. Psychologists call this seizing and freezing.“ Book Review: “Think Again” – by The one-handed economist I got this 2021 book after hearing an interview with its author, Adam Grant, who sounded really sensible . . . for a psychologist (I kid!). Anyways, […]
It tends to vary based upon a person’s experience with each profession. For example, what was it about? How did a person interact with the other? Was it positive or negative? What was the outcome? Was there a chance of a positive outcome? Did it have a financial outcome? Could the outcome have a positive […]
I write 15 hours before the TikTok ban. I know almost exactly nothing about Tik Tok (I just installed the app as an act of … well it might not be available the day after tomorrow). I know almost nothing about social media or modern tech. That never stopped me before. The story is that […]
The problem with oligarchs is that they have way too much money and wealth with which to do bad things if they choose to do so. Too many do. Most want to impose the golden rule, the one where he with the most gold rules. Wealth begets bad things like the god complex which begets […]
Residential housing construction gives *very* mixed signals in December; recessionary red flag continues – by New Deal democrat The most lading components of the long leading housing sector rose in this morning’s report for December, while the most important “hard” economic datapoint continued its decline into recession territory. First let’s compare the most leading datapoint, […]
Here in Southern New England, morning temps have mostly been in the 20s. We have a natural gas furnace and forced air keeping the house at 68°F. We had a heat pump in our house when I was growing up in East Tennessee. My dad, an MIT-trained engineer, was proud of the money he was […]
Typically, when I post New Deal Democrat; I will have the link to the post at the end of his economic commentaries. I also include a link to a previous commentary of his of the same topic. New Deal democrat follows the ups, downs, and stagnation of his topics. It is more work. However. I […]
January 16, 2025 In his final address to the nation last night, President Joe Biden issued a warning that “an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead.” It is not […]
From storms in the Southeast to fires in California; there has to be a growing financial stress on the companies insuring the people and businesses there. A report from The American Prospect. Increasing damage from fires, hurricanes, and floods will destabilize a lightly regulated industry—and spill over into broader financial markets. The Next Financial Crisis: […]
Immigrant Deportations: Trends and Impacts – by Tara Watson Econofact The Issue: Deportations have long been a part of immigration enforcement and their number has fluctuated significantly in the last few decades. Former President Trump has promised to take this further and significantly ramp up the policy with a mass deportation of people who do not have the legal […]