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

Despite increase in openings, the decelerating trend of reverse musical chairs remains intact

September JOLTS report: despite the increase in openings, the decelerating trend in the game of reverse musical chairs remains intact  – by New Deal democrat In 2021 and earlier this year, the jobs market was typified by a game of reverse musical chairs in which there were more chairs (available jobs) than players (job seekers). […]

What News Was in My In-Box, November 2, 2022

A lot of good and assorted News topics to be read. I did not include any about the upcoming election. I did include one on polling. The same as 2020, I believe the polling results are tainted. We are not getting a clear picture from polling or news reporting. That is just one of 30-something […]

Manufacturing, construction, and job openings all show an economy under stress

Manufacturing, construction, and job openings all show an economy under stress – by New Deal democrat As usual, we begin another month with important manufacturing and construction data. Additionally, the JOLTS report for September was also released. The ISM manufacturing index has a very long and reliable history. Going back almost 75 years, the new orders […]

Cheap Labor Farming vs Mechanical Technology

Cheap labor versus Innovation . . . “Dutch innovators vs Dutch farmers,” The one-handed economist, David Zetland. This past weekend, I visited the Dutch Design Week exposition in Eindhoven (home of Philips). There were  hundreds thousands of interesting (and sometimes baffling) displays, demos and ideas scattered around town. One that caught my eye was from a […]

Personal income and spending for September

While I was away . . . Personal income and spending for September Real personal spending increased +0.3% in September, while real income increased less than 0.1%, rounding to unchanged: Since May 2021, after the last round of pandemic stimulus expired, real spending is up 3.3%; but real income is down -2.0%: Real personal spending […]

The Humiliation Of Hu Jintao

The Humiliation Of Hu Jintao  The recently completed onec-every-five-years Party Congress in China, which confirmed Xi Jinping for a third term as General Secretary of the party, punctuated his apparent assumption of essentially total power by humiliating his predecessor, Hu Jintao, in its final session. At the beginning, he was forced to leave the session, […]