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

Long leading indicators in Q4 GDP suggest worsening conditions for an economy barely keeping its head above water

 – by New Deal democrat Last week’s Q4 GDP release, as usual, updated two long leading indicators: proprietors’ income (a placeholder for corporate profits, which won’t be reported until next month at the earliest), and private residential fixed investment, a proxy for housing. They were of particular interest this time because, while the normalized yield […]

Unitary executive theory and the Führerprinzip

SCOTUS Chief Justice John Roberts subscribes to the unitary executive theory of American government and Constitutional interpretation. The unitary executive theory posits that the President possesses total, unrestrained authority over the entire executive branch, including the power to direct, supervise, and remove all officers within it. If that sounds familiar, it’s probably because it’s been […]

SCOTUS Decision

There is quite a lot occurring with our fearless leader in charge who believes he can make decisions regardless of the results of his decision with regard to the Constitution. Congress can impose Tariffs. The president can not. “The Context You Need to Understand the Supreme Court’s Tariffs Decision,” Civil Discourse, Joyce Vance Thanks for […]

Trump’s Tariffs Will Still Cost Households

Erica York (VP Tax Foundation) discusses Trump’s imposing tariff, there being struct down and his reimposing other tariffs using Section 122 of the Trade Act of 1974. The president then has the authority to impose temporary restrictions such as tariffs or quotas on goods from other countries based on specific conditions. The temporary surcharge cannot exceed […]

More on Cuba

Brief update on the impact of Trump’s efforts to bring Cubans and Cuba to its knees. A small nation which has not had much of an impact on the United States. At best Cuba is an annoyance to the U.S. Its ability to directly threaten U.S. security interests is limited. The United States can afford […]

What Does One Do When Confronted by a Conundrum?

I do not know and you had better be damn sure you are right, Being a Senator or a Congressional Representative gives you an edge. Good chance the rest of us would lose. Article 92 of the Uniform Code of Military Justice and the U.S. Manual for Courts-Martial, “service members must obey lawful orders” and disobey […]

Financing retirement in America

Like most boomers, I’m retired. My retirement is funded by (a) a 403b defined contribution plan, (b) Social Security and (c) personal savings. I waited until age 70 for SS benefits, to max those out. Not everyone is so fortunate. “How’s this for a somber retirement forecast: The typical American worker has less than $1,000 […]

Thailand Taking on US Tariffs

Many of these companies in Thailand have contracts with US automotive manufacturers. Their contract more likely than not are set on a fixed tariff with little room for expansion. They will be turning to the big three and also the Tier1s both of whom buy componentry, wire harnesses etc. under contracts. I can see both […]