Pharoah Sanders Has Passed One of the greatest musical performances I ever saw live was in Spring 1966, sorry have not tracked down exact date, in the University of Wisconsin-Union theater. It was a live performance of the final group of John Coltrane. None of his great quartet from “A Love Supreme” were in it, […]
House price indexes: more evidence of a summer peak – by New Deal democrat The Case Shiller and FHFA house price indexes were updated through July (technically, the average of May through July) this morning. Ordinarily I do not pay them too much mind, but this year they are very important in confirming a peak in […]
I’m not a macro person, I can’t even play one on TV. That said, from 20,000 feet, with my admittedly blurry glasses on, I really don’t understand why the Fed and other central banks are pushing so hard on the brakes. What follows are questions, skeptical about rate hikes, but genuinely questions. What exactly would […]
This is a good one from Prof. Heather Cox-Richardson. It is along the lines of what I would consult in at various companies till I fixed it and was no longer needed. It is an update on what has happened in the United States. Something which has not occurred since pre-Reagan. The nations labor is […]
Gas and oil price update: good news and bad news We’ll get some important house price information tomorrow, but there is no economic news of significance today, so let’s update gas and oil prices. As indicated in the title, there’s good news and bad news. I’ll start with the bad news first. According to GasBuddy, […]
Senate Democrats on a Wednesday back a while ago blocked two bills from Sen. Ted Cruz (R., Texas). The bills would be using COVID-19 stimulus funds to bolster school security and mental health resources for students. Sounds like a much -needed idea given past circumstances. Cruz’s proposals: The Securing Our Schools Act, which was cosponsored by […]
A Capitol rioter who received phone call from the White House on Jan. 6 was identified as a 26-year-old Trump-loving New Yorker who joked about shooting Nancy Pelosi.
Mark Hertling is one of the people I follow on Ukraine. He is a staunch advocate for arming Ukraine, but he recently had a tweet thread defending what some see as the overly cautious and slow approach taken by the United States. Here are some tweets from his thread: Now, maybe we should be sending […]
Mike Konczal and Niko Lusiani at the Roosevelt Institute take a closer quantitative look at the sources of inflation the last two years: This research brief is the first to explore the size and distribution of markups (essentially the difference between sales and marginal costs) and profit margins across 3,698 firms operating in the US […]