June JOLTS report: at last, new hires (slightly) outpace record job openings This morning’s (Aug. 9) JOLTS report for May was the best we have seen since the immediate rebound from the pandemic lockdowns. There was yet another record level continued all of the unfilled job openings, yet another new record low in layoffs and […]
Politics and the Pandemic: Why I Think Paul Krugman Is Wrong Krugman has a piece in the New York Times today that offers an explanation for why Republicans oppose every measure—vaccination, masking, limits on indoor gathering—that could reverse the pandemic. He says it’s because the Democrats support them and that Biden would take credit for reduced caseloads, […]
For months now, hard-core libertarians have been crusading against covid lockdowns in uncompromising terms. This is a topic that merits careful study, but let’s take a brief look at some of their arguments, focusing on Australia. The libertarian case against lockdowns can be summarized as follows: Benefits: The benefits of lockdowns are low, because 1) […]
by New Deal democrat Lending supply and demand both increased in Q2 The June JOLTS report will be posted at 10 am eastern time (Dan here…Aug. 9) While we are waiting for that, here is a link to my update on the Senior Loan Officer Survey, which is a long leading indicator, which was posted at […]
June Job Openings at Record High after May Record Revised Higher; Commenter RJS from MarketWatch 666; Record Low Layoffs; Hiring, Quitting, Retiring All Much Higher The Job Openings and Labor Turnover Survey (JOLTS) report for June from the Bureau of Labor Statistics estimated that seasonally adjusted job openings rose by 590,000, from 9,483,000 in May to 10,073,000 […]
Kamikaze anti-vaxers, Infidel753 blog INFIDEL753, Portland, Oregon, writes at a blog of his own name Infidel 753. Describes himself as an individualist, transhumanist, socialist, atheist, liberal, optimist, pragmatist, and regular guy — it has been my great good fortune to live my whole life free of “spirituality” of any kind. I know Infidel from Crooks […]
Economist Farmer Michael Smith continues his take on Agricultural Economics. The Golden Seed . . . “Drought Resistance by Engineering Plant Tissue-Specific Responses” ____________ I’ll cut to the chase, for centuries we have been searching for the golden goose to lay the golden egg. This search for perfection in an imperfect world leads our collective […]
by David Zetland Review: Shop Class as Soulcraft I can’t remember who recommended this 2009 book (subtitle an inquiry into the value of work) by Matthew B. Crawford, but I have been recommending to many people — whether they have rough or soft hands. The hook: Crawford got a PhD in political philosophy (U Chicago). After […]