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

State of the mid-terms

A month ago the upcoming election seemed likely to go very badly for the Democrats, with a large loss of seats in the House, and an uphill battle to hold the Senate as well.  Today things look somewhat brighter for the Democrats, for several reasons: The Republican nominating process has produced some pretty weak general […]

If This Goes On …

If This Goes On … | Homeless on the High Desert, Ten Bears June 29, 2022 in g’da said Republicans are absolutely going for the dark, theocratic future America First Legal (AFL), a right-wing group whose team includes several former Trump administration officials, is urging the Supreme Court to do even more to shatter what’s left of the […]

Explaining Away Stagflation, Inflation, and the Fed

I have been waiting for an explanation on inflation like this to break loose from a credible source other than myself(?). If you have been around long enough, you kind of know what is going to take place once the Fed starts to increase Fed rates. You may have been around in the seventies when […]

Weekly Indicators for July 4 – 8 at Seeking Alpha

Weekly Indicators for July 4 – 8 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The 10-2 year Treasury yield inverted again, with very little fanfare. And several other leading indicators deteriorated a little further as well. But as the jobs report showed, the nowcast is still positive. As usual, clicking over […]

Inflation, tariffs, and Iran

(Dan here…lifted from comments) Barkley Rosser writes: There are two things Trump did that added to inflation that Biden has somehow not undone yet. One of them is reversing the Trump tariffs, which he clearly fears doing because of opposition by Organized Labor and many white working-class voters in the crucial Rust Belt states. Some […]

June jobs report: strong headline numbers

June jobs report: strong headline numbers, betraying numerous signs of rougher times Consumption leads employment. That’s true at bottoms, and it’s true at peaks as well. Since February, when consumption growth started to flag, I have been waiting for it to show up decisively in jobs numbers. In March through May, average growth decelerated from […]

Flawed Interpretation of abortion criminalization by anti-abortion advocates for thirty years

July 6, 2022, Letters from an American, Prof. Heather Cox Richardson As taken from Letters from an American. A brief introduction as to how SCOTUS arrived at their opinion on Abortion. Accomplished by ignoring a long legal tradition extending from common law to the mid-1800s and even longer in some states. This tradition includes Mississippi […]

White Rabbit

White Rabbit  I have finished reading to my two younger grandsons the two Alice books by Lewis Carroll. I read the edition with commentary by the late mathematician, Martin Gardner, who used to write for Scientific American. I also just listened to Jefferson Airplane’s “White Rabbit,” which is pretty bloody sharp, but which draws on […]