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

More on the Debt Limit

This Hill article was up on Naked Capitalism’s Links this morning. More of the Democrats urging extreme caution in pursuing the 14th Amendment as a solution to a debt limit which is an agreement between parties and not a requirement. One could always print more money to resolve the issue also. Meanwhile, citizens having little […]

Credit conditions worsen, and likely to worsen further due to Debt Ceiling Debacle II

Credit conditions worsen, and likely to worsen further due to Debt Ceiling Debacle II  – by New Deal democrat The Senior Loan Officer Survey, which measures credit on offer by banks, and the demand for credit by their customers, was released yesterday afternoon for Q1, and the news – unsurprisingly – was not good. Credit conditions […]

“Successful people have successful friends.”

The Atlantic’s Brooke Harrington has an article about Justice Thomas’s friendship with people outside the court which includes gift-giving. There is no reciprocation of “its my turn now to buy the dinner.” The gifts are far more than just a lunch or dinner at a much-desired restaurant. That there are no rules defining ethical behavior […]

Scenes from the April employment report: the Fed just can’t kill the employment “beast”

Scenes from the April employment report: the Fed just can’t kill the employment “beast”  – by New Deal democrat There’s no economic news this morning, so let’s take a closer look at some important trends from last Friday’s April jobs report . As I and many others wrote, an important theme was that the deceleration […]

What You Already Knew (?), The Waning of SARS-CoV-2 Vaccine – Induced Immunity

Checking my emails this morning and found this article as taken from MedPage Today listing the JAMA Network Open article. The article was accepted for publication on March 13 of this year. It finally came to be published May 3, 2023. The study has all the credentials of a particular matter. The data coming from […]

What is in Republican McCarthy’s debt-limit spending cut package?

Factbox: What’s in Republican McCarthy’s debt-limit spending cut package? Reuters, Andy Sullivan. Items Republicans and McCarthy are pushing for in a debt-limit package. The bill would essentially pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the federal debt limit. Republicans are wanting to talk about government borrowing. “What’s in your wallet,” […]

New Deal democrats Weekly Indicators for May 1- 5

run75441’s footnote to NDd Weekly Analysis . . . The analysis by NDd is one of the most thorough ones, I read on a weekly basis. It sums up the week casting the numbers for the week in comparison to what is going on economically. What I see happening in the economy, NDd brings to […]

That Pesky First Amendment Scores Again!

That Pesky First Amendment Scores Again! annieasksyou… I am often critical of the mainstream media, whom I find too insensitive to the fragility of our democracy in their determination to present “both sides” of issues that often don’t have two sides. For example, I’m more than frustrated with much of the coverage of the House […]

April jobs report: deceleration continues, with sharp downward revisions to previous months’ gains

April jobs report: deceleration continues, with sharp downward revisions to previous months’ gains  – by New Deal democrat My focus for this report continued to be whether the leading sectors and other indicators continued to decline, and whether the pace of growth continued to decelerate. While the deceleration in growth did occur – and substantially […]