It’s hard to know why things shake out in Congress the way they do. Why hasn’t there been agreement on a climate bill? Why hasn’t a compromise been reached on a child tax credit? Why not better preparation for the next pandemic, or even for the next wave of this pandemic? From the outside it’s […]
From Reuters: U.S. President Joe Biden said on Monday he is worried that Russian President Vladimir Putin does not have a way out of the Ukraine war, and Biden said he was trying to figure out what to do about that. . . . Biden said Putin is a very calculating man and the problem […]
A “Big Picture” look at housing at Seeking Alpha; plus an in-depth look at existing home sales and inventory I have one of my periodic “Big Picture” looks at housing up over at Seeking Alpha. One economic relationship – whether sales lead inventory for existing homes as well as new ones – has been extremely difficult […]
The Passing Of Axel Leijonhufvud On May 5, Swedish economist Axel Leijonhufvud died at age 88. I only met him once when he attended a seminar I gave in Trento, Italy a decade ago. I always admired his work and felt lots of sympathy with it, and I think he liked what I had to […]
RJS, Focus on Fracking __________ Summary: Natural gas price hits 164 month high after doubling in 2 months; SPR at a 1058 week low, total US oil supplies at a 746 week low; distillates supplies at a 729 week low, total oil + products inventories at a 711 week low, gasoline imports at a 8 […]
In April 2019, “I finished an article entitled A Woman’s Right to Safe Healthcare Outcomes.” I spent six weeks reading about this for a group which asked me to write on it from a male’s perspective. It took me all of that time. I could have doubled the size of the article I wanted to […]
On the self-government of prehistorical human settlements, whether empire-sized Republics can long survive, and the failure of judicial supremacy as a bulwark Can the Empire-sized Republic long survive? This was the issue I pondered after Donald Trump was elected President in 2016. Once a country gets big enough, do elected officials ultimately fail, and people […]
Putin is looking for an off ramp and has outlined his main terms. In mid-March, it became clear that a full-blown Russian defeat in Ukraine was a real possibility. That possibility has grown in the past few weeks as the Russians have continued to perform shambolically in every way possible, and NATO has increased its […]
Trade deficit was at another record high in March. 22.3% higher than February’s record