“Labour v capital in the post-lockdown economy,” The Economist. As prices and wages rise, are workers or firms winning? Pulling a brief article from The Economist. Unlike 2008, Labor is surviving due to stimulus packages in 2020/2021, which petered out in 2008 leaving low wages and restrictive Unemployment Benefits. “An economy-wide measure of corporate margins […]
Herbert Marcuse and Planned Obsolescence “Our whole economy is based on planned obsolescence, and everybody who can read without moving his lips should know it by now. We make good products, we induce people to buy them, and then next year we deliberately introduce something that will make those products old fashioned, out of date, […]
Summary Commenter RJS: US oil supplies at a 13 year low, SPR at a 19 year low: total oil + products supplies at a 7 1/2 year low, distillate supplies at 26 month low after refinery freeze off The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information […]
Reading the first few paragraphs of Last War Brain by Noah Smith, I thought I would strongly disagree with his post and decided to write an attempted rebuttal. I find that I agree almost 100% and can mainly complain about what I assert is a bit of bait and switch. As always I advise readers […]
Trying To Make Sense Of The Confusion On the one hand Russian media is telling Russians that Russian troops will leave Belarus when exercises there end on Feb., 20, coinciding with the end of the Winter Olympics, and also sends out videos of troops supposedly being pulled back. OTOH, US officials declared based on reported […]
Introduction I am fortunate to have made the acquaintance of Kip Sullivan from reading his articles and exchanging notes over the last couple of years. He is one of the more knowledgeable authorities on Single Payer as well as healthcare costs and price, commercial healthcare insurance, Traditional versus Advantage Medicare, and why today’s healthcare is […]
This is a follow-on to Dan’s commentary on living on the East Coast or in the Southwest region of the country. I live in an area of the Southwest which is not experiencing the harsher impact of climate change. Even so, the higher temperatures create a drier atmosphere, thirsty for moisture, which it draws from […]
Without efforts to control human-caused global warming, we should consider the current extremes a preview of coming attractions. While the mega drought continues in the west and southwest: Although the 2021 summer monsoon was good – well above average in some places – it was not enough to counter the cumulative shortfalls of the preceding […]
A note on producer prices and (possibly) cooling inflation One point I make from time to time is that, with seasonally adjusted data, YoY comparisons can miss, or at least lag, turning points. We *may* have such a situation developing with producer prices as evidenced by this morning’s report (Feb. 15). On a YoY basis, […]