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

Keep on Trucking?

I posted earlier about my interest in whether higher oil prices would favor freight trains over trucks. Now, not only is the Trump administration driving up fuel prices, it’s also cutting truck drivers. “About 200,000 immigrant truck drivers – virtually all of them in the U.S. legally – will begin losing their commercial driver’s licenses […]

Just some Transportation Observations

When I was working for one international company, we booked a train trip from Shanghai to Hangzhou. It was not the fastest train (G). It was a slightly slower train (D). Pleasant ride. No clicky-clack and roomy seats, You were not shoehorned into an area or seat. You could recline the seat. Distance was ~125 […]

Real aggregate nonsupervisory payrolls have continued to increase, negativing recession. Here’s why

– by New Deal democrat There’s no major economic news today, so let me take this opportunity in view of last week’s update to the CPI, to update one of my favorite labor market indicators: real aggregate nonsupervisory payrolls. As a brief refresher, over the past 60 years this has been a very good and reliable […]

About Trains

For the past couple of decades, whenever oil prices spiked, I wondered if this would be good news for railroads. Trains in Europe are still very much a thing, and I’ve traveled by train in England, France, Germany and Spain. There are rail connections from Providence to Boston and to New York City. Of particular […]

Tariffs Don’t Deliver

Unless you like being beat up? When I was consulting with Ingersoll Engineers, I would handle the materials and supply side of the projects. Much of my time was spent looking at systems, warehousing, inventory, and purchasing. The cost sits in those areas. Depending on the throughput within the factory, you could streamline much of […]

Industrial production increases again in February, but ex-AI related utilities has made little progress since last July

 – by New Deal democrat Probably my biggest theme right now is that most of the economy is either recessionary or at least on the cusp of recessionary. But this has been counterbalanced by AI data center- related spending, and the stock market boom and wealth effect it gave rise to.  Last month I highlighted how […]

Trump’s war and global de-dollarization

A major bulwark protecting the US economy has been that the dollar is the world’s reserve currency. Now, Trump’s “excursion” (don’t say “war”) is looking to change that. “A senior Iranian official has told CNN that Tehran is considering allowing a limited number of oil tankers through the Strait of Hormuz — but only if […]

Important Take on the First Amendment

I see no reason to add to Joyce Vance’s piece; “Attacking the First Amendment on Repeat.” It is an excellent read. I subscribe to Joyce Vance’s Site: “Civil Discourse.”  Nothing like casual threats to free speech on a Saturday morning in America. Brendan Carr, the Chairman of the Federal Communications Commission, saw Donald Trump’s Truth […]