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

Coronavirus dashboard for July 22: the BA.4&5 wavette Peaked?

Coronavirus dashboard for July 22: the BA.4&5 wavette has (probably) peaked  – by New Deal democrat No economic news today, so let’s update the COVID situation. As of yesterday, nationwide (dotted line below) cases declined slightly to 123,000. Cases have been slightly elevated from their previous 100-110,000 range for several weeks, but appear to have […]

Patrick J. Micharls RIP

Patrick J. Micharls RIP, Econospeak by Barkley Rosser  I have just read an obituary in today’s Washington Post of Pat Michaels, who died a week ago of unreported causes at age 72. He was long identified as one of the most influential “climate skeptics” in terms of policy, playing an important role in blocking the […]

Contra Euro 2/n

The Eurozone is not an optimum currency area. The Euro as such was a bad idea to begin with. Notably, this was the standard view of US economists. The North American argument (originating in Canada) was that a currency should be used in an area within which people are willing to move to get a […]

Contra Euro 1/N

I have discovered that there are still people who think that adopting the Euro was a good idea, or at least not a bad idea, or at least not a catastrophe. They seem to have decided that the Greek fiscal tragedy is a minor issue. I will leave it out of the discussion. My view […]

Global Manufacturing of Semiconductors

There is a lot of noise about the shortage of semiconductors. I am not going to explain it all here. You will find the explanation of manufacture in the articles. It takes weeks to grow wafers and then Fab semi-conductors. Not maintaining orders for semiconductors creates shortage when production starts up again. The purchase of […]

On track to give recession warning in November

Increasing trend in jobless claims continues; on track to give recession warning in November Initial jobless claims rose another 7,000 to 251,000 last week, an 8 month high. The 4 week average rose 4,500 to 240,500, a 7+ month high.  And continuing claims also rose 51,000 to 1,384,000, which is 78,000 above their 50 year […]

Cattle Report 2nd Quarter ’22, Steady as the Driving Heat

We are firmly into an ENSO phase in the United States that could be regarded as the essence of the word dire. Milestones in Texas the past two weeks from a drought, weather, and a livestock production perspective are coming fast and often. Largely throughout the entire west – it’s hot, dry, and uncomfortable, both […]