Socially Ambivalent Labour Time VI: TSV part 3, chapter 21: “Our pamphleteer overlooks two things” Although Marx discussed socially necessary labour time in chapters 4, 8, 9, 16, 17, and 20, he didn’t mention it in chapter 21 where he discussed the 1821 pamphlet, The Source and Remedy of the National Difficulties by Charles Wentworth Dilke. Marx’s […]
Industrial production slightly positive overall, but with negative revisions Industrial production is the King of Coincident Indicators. It is the single datum that most frequently coincides with the NBER determination of the beginning and end of recessions. Production increased 0.4% in June, but May’s result was reduced by -0.2%. The manufacturing component declined less than […]
Coronavirus dashboard for July 19: The UK as Delta wave trailblazer for the US An initial note: I am on vacation this week, so posting is likely to be sporadic. I’ll still hit the important data.Now that the Delta wave is well and truly here in the US, let’s compare it with the UK experience, […]
MarketWatch 666, R.J.S., June Producer Price Index Sets YoY Records for Final Demand and Intermediate Services; 46 year High for Prices of Intermediate Goods The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.0% in June, as prices for finished wholesale goods rose 1.2% while margins of final services providers rose 0.8%…that increase followed a […]
Imagine that in the 1970s you bought a plat along the coast in Florida that was on a large pile of sand that was basically at sea level upon which you planned to build a four-hundred unit, twelve story tall, condominium complex. This complex was to rest on a slab of concrete that rested atop […]
by New Deal democrat Weekly Indicators for July 12 – 16 at Seeking Alpha My “Weekly Indicators” post is up at Seeking Alpha. All timeframes continue positive, but the renewed outbreak of COVID – indeed, its uncontrolled exponential spread – is the proverbial elephant in the room, and is quite likely to Bigfoot the entire forecast […]
Bad News About Iran And Nuclear Deal In yesterday’s Washington Post it was reported that there will be no further negotiations between the US and Iran (and other parties) in Vienna over the US and Iran rejoining the JCPOA nuclear agreement that Iran had been adhering to when Donald Trump withdrew the US from it […]
Steve Hutkins at Save the Post Office, “Reply to the USPS: How the new service standards will cause geographic discrimination” The Postal Service’s plan to reduce service standards is now being reviewed by the Postal Regulatory Commission for an Advisory Opinion. On Friday, June 25, the Postal Service and several of the intervenors in the […]
This post is before my time of writing at Angry Bear. It does fit in nicely with the need for reasonable economics of our times and I noticed its popularity growing . The author of this piece is Kash, one of the originators of AB. This is a rehash which has seen rising popularity. If […]
by Joseph Joyce “The Sources of International Investment Income in Emerging Market Economies” The Review of International Economics has published my paper on “The Sources of International Investment Income in Emerging Market Economies” in its latest issue. You can find the paper here, and this is the abstract: We investigate international investment income flows in 26 emerging market […]