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

One Would Think Low-Cost Stores Would Know How to Adapt During Poor Economic Times . . .

Apparently, the larger WalMarts, Target, etc. know how to do so. The lower cost rivals(?) which should have greater appeal to its targeted customers are struggling. ~~~~~~~ Dollar General and Dollar Tree need a ‘new playbook‘ to compete . . . In the world of retail, Walmart, Target, and Costco continue to thrive with their blend of quality […]

Trillions in Taxes Dodged by Ultra-Rich Could Fund the Social Security Trust Fund

Without a doubt, there are simpler ways to resolve the funding of Social Security going beyond 2035. Bruce Webb, Dale Coberly, and Angry Bear have discussed the topic enough times. They have also been verbally attacked by others for suggesting the Northwest Plan is a way to secure Social Security up till 2100 or close […]

TSMC and Intel building Plants in Phoenix

An update on what is happening here is Arizona. There is more than just TSMC building in the Phoenix area. Intel has a couple of plants under construction also. TSMC has good news as it looks to make chips in the U.S. Taiwan Semiconductor Manufacturing Company’s production trials in Arizona are yielding results similar to […]

Covid Metrics Ending Week August 31

r.j. sigmund‘s notes on Covid Metrics It appears all US Covid metrics are now heading down except for deaths, but we can expect deaths to head lower in a week or two as well, as the reduced numbers of those who are newly infected work through the health care system…among the CDC’s “early indicators” “test positivity”, […]

The Fed and the Press Should Stop Inflating Inflation Expectations

by Steve Roth Originally Posted at Wealth Economics (June 2023) Recent headline inflation prints are below the Fed’s target, and falling. That news is a powerful tool for controlling expectations, but the Fed’s not using it. 1.5%. That’s the latest headline inflation rate in the U.S. per the May CPI release, and also according to […]

The Expected Inflation Imp

I think the imp is my most noticed contribution to the economic discussion. Brad DeLong mentioned the fact that I mentioned him, but called him the inflation expectations imp . Then Paul Krugman mentioned him shortening the name to “the expectations imp”. Alot of time has passed since then during the slow recovery from the […]

August CPI: further important progress towards 2% YoY level, marred (only) by a surprise uptick in shelter

– by New Deal democrat August CPI, with the conspicuous exception of shelter, continued to come in tame. And the list of other “problem children” decreased by 1, as only food away from home (restaurants) and transportation services (motor vehicle insurance and repairs) remain. Let’s get the headlines out of the way:  – Headline CPI continued increased […]

Another Perspective of the Harris-Trump Meeting

I was hoping Prof. Heather Cox-Richardson would comment on the Harris-Trump meeting. In her first sentence Prof. Heather states it all about Trump’s approach in meetings. She discusses Clintons and Biden’s foibles in the next two sentences. The following paragraph states it all . . . “how to counter Trump’s dominance displays while also appealing […]

“pollution does not discriminate,” and if a regulating authority had to consider race in its enforcement decision making, it will “indeed participate in racism.”

A federal judge in Louisiana declares a state can not use race as a reason to reject a project which may cause pollution. Stating “’Pollution does not discriminate,’ and that if a regulating authority had to consider race in its enforcement decision making, it will ‘indeed participate in racism.’” The new ruling bars Louisiana from […]