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

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 […]

Carbon capture and storage is a fantasy — and taxpayers are footing the bill

A relatively long piece on Carbon Capture by Vox. It does touch on every topic concerning capture and storage. Oil companies sold the public on a fake climate solution — and swindled taxpayers out of billions by Amy Westervelt Vox This spring, Democrats wrapped up a nearly three-year investigation into the fossil fuel industry’s role in climate disinformation […]

what happened to advocacy of a 4% inflation target ?

and of a 3% inflation target? There is some risk of recession in the USA because the FED insists on driving inflation down to 2%.  Oddly back in the naughts when inflation was persistently below the 2% target, there was more discussion of raising the target. Then IMF chief economist discussed it. Paul Krugman advocated […]

AZ – Best Build to Rent Single Family Housing Market

This is a brief introduction to the housing state of affairs in Arizona. It is building up quickly. Builders, declarants, and corporate HOAs have a great swath of control over what is occurring. None of which has controlling input from residents. What I am also seeing in the Planning and Zoning Commissions is ignorance on […]