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

Wealth is leisure. Leisure, wealth.

Wealth is leisure. Leisure, wealth. The three quotes above are from, respectively: 1. William Godwin 2. Charles Wentworth Dilke 3. Karl Marx. There was a very pronounced influence of Godwin on Dilke and of Dilke on Marx (hence indirectly of Godwin on Marx). My research suggests that viewing Marx’s work from the perspective of Dilke’s […]

No Covid-19d-19 Here Or in North Korea: Turkmenistan

No Covid-19d-19 Here Or in North Korea: Turkmenistan Yes, Turkmenistan is among the few nations on the planet claiming to have not had a single case of Covid-19, along with the DPRK, aka “North Korea.”  The October 16 Economist reports, after noting the arrest of Nurgeldi Halykov, who reported that the British ambassador got it, […]

Letters From an American

This commentary by Professor Heather caught my eye this morning. Interesting findings in the Letter today.. Letters From An American, October 23, 2021, Professor Heather Cox – Richardson There are three stories in the news today that seem to me to add up to a larger picture. First is the story of money laundering, which […]

Median prices for existing homes is probably at peak; expect inventory to continue to increase

 Median prices for existing homes is probably at peak; expect inventory to continue to increase Existing home sales were reported yesterday for September, up 7% month over month on a seasonally adjusted basis. While they are about 90% of the market, they are much less important for the economic cycle than are new home sales, […]

COVID vaccines and antibodies

Joel Eissenberg, Ph.D., Department of Biochemistry & Molecular Biology I got the Moderna vaccine as part of the phase III clinical trial back in August and September 2020. Although it was technically a blinded trial, I knew from my symptoms after the second shot I was in the vaccine arm and not the placebo arm […]

Jobless claims show renewed downward trend; still some slack in continued claims

Jobless claims show renewed downward trend; still some slack in continued claims Jobless claims declined 6,000 this week to 290,000, yet another pandemic low. The 4 week average also declined 15,250 to 319,750, also another pandemic low: With the exception of the last few years of the last expansion, this level of weekly initial claims […]

Is any State closing in on “herd immunity”?

Coronavirus dashboard for October 20: as the Delta downtrend slows, is any State closing in on “herd immunity”? It’s been a moment since my last dashboard. That’s primarily because the Columbus Day weekend resulted in anomalies for the past 9 days, that have finally mainly but not completely resolved. Here’s a look at the past […]

Ceci n’est pas une pipe

Death Valley is not experiencing a drought. Neither is the Mojave, the Sahara, nor the Gobi. A drought is an unusually extended period between the occurrence of a regularly occurring event; an anomaly. For example, when it usually rains on a regular basis, then but doesn’t rain for an unusually long period; that period during […]

How Close?

Justices Barrett, Alito, and Thomas have been panhandling. Begging for respect. Turns out that without respect; a Justice is nothing. All six imagined it to be right up there next to Moses, Joseph Smith and those guys; maybe even higher. Didn’t understand that any respect came down from their predecessors, from the legitimacy of their […]