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

Real spending increases, real income declines in August

Real spending increases, real income declines in August (Note: I’ll report separately on construction spending and the ISM manufacturing index later.) Real personal income and spending held up well throughout the pandemic, due to a vigorous government response. This morning these were reported for the last full month of any assistance. In nominal terms, personal income […]

Weekly Indicators for September 27 – October 1 at Seeking Alpha

 by New Deal democrat Weekly Indicators for September 27 – October 1 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Commodity prices and transportation costs continue to soar, and there are even signs of further acceleration. If you go by the regional Fed reports, it is beginning to affect manufacturing. If you […]

House prices continue to surge. But maybe . . .

House prices continue to surge. But maybe . . . Both the FHFA and Case-Shiller house price indexes for July were released this morning. Both showed a continued surge in house prices, with one difference that may be of importance. First, here are both indexes normed to 100 as of January 1991, when the FHFA […]

Climate change and insurance markets: let’s focus on real solutions, not finger-wagging

I don’t know why I’m writing about this when our democracy is on fire.  Maybe I need to focus on something cheery, like climate change. The American Prospect has a couple of pieces up on insurance and climate change.  One identifies a genuine issue, the other misses the mark. In this piece, Alexander Sammon asks […]

Do COVID vaccines offer a lengthy and durable protection?

Prof. Joel Eissenberg has a new post up considering people’s immunity to Covid and what it consists of after vaccination. COVID vaccine immunity is waning — how much does that matter? (nature.com), September 17, 2021, Elie Dolgin, We can say circulating antibodies do matter for protection from COVID-19. With the innate immune response, they represent […]

And the Winner is?

Always on the back burner, since 2015 on the front, the battle for most ignorant state is being fought across America; well, across a lot of America. If full-scale war should break out, for the most part, the competing armies will not have far to go.

Coronavirus dashboard for September 29: the demographics of disease and death

Coronavirus dashboard for September 29: the demographics of disease and death First, let’s start with the good news. The Delta wave continues to roll out just about as swiftly as in rolled in. Cases are down almost 33% nationwide, including in all 4 regions:  And all 5 States that were the worst hit at the […]