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

Housing construction: the good news and the bad news

Housing construction: good news and bad news  – by New Deal democrat This morning’s report on housing construction contained both good news and bad news. First, the good news. Both permits (gold in the graph below) and starts (blue) increased, the former by 185,000 on an annualized rate, the latter by 129,000: It is very possible […]

Barney Frank Disagrees with Senator Elizabeth Warren on the weakening of financial rules

This is conversation between Summers and Frank are from March 13th. In this conversation, Barney could be right. He is refusing to agree that raising the limit for banks was a bad idea. If so, then how do you protect the public and the bank from bank managers doing stupid things? Gambling again with other […]

All Electric comes to Heavy Equipment

I thought this would be interesting to our readers, especially those who are following the development of electric vehicles. Electric has infiltrated heavy equipment. This is Volvo’s latest all electric excavator: EC230. It is a 23 metric tonne (25 ton) machine. Not small. It is just like their diesel version but with batteries and an […]

Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage

This article is easy reading exploring some the differences and why people may choose one plan over the other plan. Attached is also a Commonwealth Fund article with more detail. Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage, MedPage Today, Cheryl Clark. Agents and brokers selling Medicare plan coverage often steer their clients to […]

Jobless claims: nobody is (still!) getting laid off

Jobless claims: nobody is (still!) getting laid off  – by New Deal democrat Initial jobless claims declined -20,000 this week, back below 200,000 to 192,000. The 4 week average declined -750 to 196,500. Continuing claims, delayed one week, declined -29,000 to 1.684 million: For all intents and purposes, it is still the case that “nobody” […]

Prescriptive View: Three Layers of a Fed Failure

In 2018. I made a similar argument without the detail Skanda Amarnath provides today. My points were not accepted. I went to a “we shall see” mode. And we did see banks taking risks because they could do so because Congress (which included Democrats) gave them the slack to do so too soon. In 2018, […]

The IMF’s Position in a Fragmented Global Economy

by Joseph Joyce The IMF’s Position in a Fragmented Global Economy Ten years ago Cambridge University Press published my book, The IMF and Global Financial crises: Phoenix Rising? I had written a series of journal papers on the IMF and used the format of a book to summarize what I had learned about the Fund. I also […]

Economic Insomnia? A Review of “The Guest Lecture”

Peter Dorman’s critical review of “The Guest Lecture.” His review was first posted at Econospeak. Economic Insomnia? A Review of “The Guest Lecture” by Martin Riker. It’s a rare day when an economist plays the key role in a novel, and even rarer when one of the supporting players is John Maynard Keynes himself.  So, […]

Accountability for Medicare Advantage Plans is long Overdue

A different viewpoint by the Physicians for a National Health Program. Mainly speaking as advocates for a universal national health program which would be as cost-effective as possible. They are proposing the plan could be constructed as an improved form of Traditional Medicare. They do too find similar issues as what Gilfillan and Berwick extensively […]