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

Monthly Full Report on Manufacturers’ Shipments, Inventories, & Orders

Census Bureau monthly report which I broke out a bit differently to make it an easier read or maybe not? I do like inventories being down. Monthly Full Report on Manufacturers’ Shipments, Inventories, & Orders. – Press Release The purpose of the Manufacturers’ Shipments, Inventories, and Orders (M3) survey is to provide broad-based monthly statistical […]

Robots and medicine: the future is now

I’m reading every now and then about the future of robot assisted medicine. Robots have long replaced humans in routine, repetitive tasks like auto assembly, but surgery seems like a bespoke activity beyond the reach of robots. Not so. A few years ago, I had mesh hernia repair surgery. The procedure was robotic-assisted laparoscopy. There […]

The Lowest Wages in the United States for Labor

There is more to this report on Labor than what I am presenting here. Consulting to manufacturing gave me an excellent background on the costs of Labor as compared to Overhead and Materials. Whacking Labor does not gain business much in return and will lead to inefficiency in manufacture and delivering a timely product. If […]

“Annual home price growth cooled for the seventh consecutive month”

ICE Mortgage Monitor: “Annual home price growth cooled for the seventh consecutive month” – by Bill McBride Calculated Risk Newsletter Here is the ICE November Mortgage Monitor report (pdf). Press Release: ICE Mortgage Monitor: Record Levels of Tappable Equity, Fed Rate Cuts Could Spur Resurgence in Home Equity Withdrawals Mortgage Delinquencies Increased in September Here is a graph […]

The Media and Trump’s Second Term Agenda

Harris has been criticized for giving vague answers to policy questions, but the fact is we have a reasonably good idea what policies a President Harris would pursue.  If elected, she will behave as we expect a Democratic president to behave. On the other side of the aisle, it is easy to overlook how uncertain […]

E-Verify and undocumented workers in America

When alcoholic beverages were illegal in America, drinking didn’t stop. Alcohol smuggling just became lucrative for criminal gangs. Drugs like cocaine and heroin have been illegal for decades. Consumption of cocaine and heroin didn’t stop; smuggling of these drugs just became lucrative for criminal gangs. Making undocumented migration illegal and militarizing the Mexican border didn’t […]