Putting on a different hat today. My background includes supply chain management. I am looking at what the industry experts are seeing and whether I agree with them. Much of what I have seen over the last two years is a repeat of 2008. And again, we are waking up late to the beginning of […]
Naomi Oreskes: All good myths have a kernel of truth. The other title: MAGA: You’ve been played. In her book: The Big Myth, How American Business Taught us to Loathe Government and Love the Free Market she researched the history of the source of the position and ideology of “Free Market” capitalism void of regulation. […]
In your face …, Homeless on the High Desert, Gda says . . . October 21, 2017 in White Rose “In the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; […]
Escape from Muddle Land, Econospeak, Peter Dorman Let’s get the up-or-down part of this review over with quickly: Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It by Erica Thompson is a poorly written, mostly vacuous rumination on mathematical modeling, and you would do well to ignore it. […]
Dale Coberly talking about the French President Macron forcing retirement reform and what could result if US Social Security is paid for by taxes on the rich in income. Macron Bypasses Parliament With ‘Nuclear Option’ on Retirement Age Hike, commondreams.org, Jessica Corbett [The following is copied from article cited in link, with some editing by […]
Some information on Student loans sitting in SCOTUS. I would think the big issue here is who has standing. The states do not. Conservative jurists demand “textualism” to get what they want, except when a statute’s words thwart their desired goal. But by using a new trick, they break their own rules. That’s how they […]
Industrial production ‘meh’ in February, but down sharply since last summer; real manufacturing and trade sales forecast to decline in Febuary – by New Deal democrat Industrial production was unchanged for the month of February, while manufacturing production rose +0.1%. But the bad news is that both were revised lower for the past 5 months, as […]
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 […]
An early attempt as to explaining the drug market. It is a start and I have to program myself to understand what is said. Brief and down to earth with pictures too! Much of this is a C&P with some editing. Much credit to the authors for giving us this opportunity to understand. Welcoming a […]
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 […]