Q3 GDP: good news for now, bad news for the future – by New Deal democrat I have to keep this note brief, since I am on the road. As you presumably already know, real GDP was positive for the Third Quarter, up 2.6% at an annual rate: Subject to revisions in the next several […]
Seems that gas, fuel, gasoline is being used as a marker to understand just how horrible we have it as a result of the current inflation. It’s just sooooooooooo terrible. I’ll just say this. As a marker of inflation and our personal economic experience all it shows is how terrible we are at remembering. Unfortunately […]
The Treasury yield curve has now almost totally inverted – by New Deal democrat One of the few leading indicators not flashing red for recession has been the short end of the Treasury yield curve, which has been relentlessly positive – until now. While the 10 year minus 2 year Treasury spread has been negative […]
Infidel753, Putin’s war comes home. For most of the duration of Putin’s invasion of Ukraine, the majority of Russians have either supported the aggression or at least not objected too energetically. The war did not affect them much, except insofar as Western sanctions did. That is now changing, thanks to Putin’s ill-advised and stunningly incompetent […]
Are North Korean Workers Going To Annexed Portions Of Ukraine? Maybe. An October 21 report in NK Daily says so, with further speculation on this matter on blogs that cover North Korea. Supposedly Kim Jong Un agreed to this with V.V. Putin in their most recent meeting. The number supposedly to be around 800-1,000, with […]
Yesterday I suggested that the CPC letter calling for Biden to negotiate with Putin was a mistake, and that it was at least partly motivated by a desire to strike a pose for the “utopian blame-America-first segment of the democratic base.” Events have moved quickly since then. Rep. Jayapal, the head of the CPC, withdrew […]
The tide has now turned as to house prices Last month I wrote that the FHFA showed evidence that house prices had peaked, and that “since the FHFA has a tendency to turn slightly ahead of the Case Shiller index, this strongly suggests that a sharp deceleration in the Case Shiller index YoY will start […]
October 25, 2022, Heather Cox Richardson, (substack.com). There are quotes, and then there are quotes. Tonight, in the debate between Democratic candidate John Fetterman and Republican candidate Mehmet Oz as part of their campaigns to replace Republican Pennsylvania senator Pat Toomey, who is retiring, Oz said he wanted abortion decisions to be made by “women, […]
Quite a few varying articles in healthcare and other topics this week. Pfizer is hoping to make a killing on it mRNA vaccine, shots are approved for 6 months to five-years of age, Medicare Advantage plans, and Novartis is back again with a cancer drug. A COA has blocked student loan relief, lots of talk […]
Thinking about the election is depressing and anxiety provoking, so let’s focus on situation in Ukraine. Progressive Democrats ask Biden to negotiate with Putin This letter to Biden from some members of the progressive caucus is a big mistake, assuming the progressives want to save lives and prevent a genocidal Russian takeover of Ukraine. Putin […]