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

Listening To Dmitri Shostakovich’s Music

Listening To Dmitri Shostakovich’s Music, Econospeak by Barkley Rosser  While recovering from a bout of Covid-19 (getting there), I have found myself listening to a lot of music by Soviet/Russian composer, Dmitri Shostakovich, mostly some of his 15 symphonies, which cover quite a range of styles from his first in 1926 to his last in […]

Inflation, Should the Fed continue to raise rates – and whether it is “behind the curve”

A note on inflation and whether the Fed should continue to raise rates – and whether it is “behind the curve” No important economic releases today (july 18), and almost no reporting by States as to COVID counts over the weekend, so let’s back up and take a look at something that’s been simmering on […]

The uses and limits of bipartisanship

Many Democrats seem to view bipartisanship as a trap for naïve centrists.  This view is understandable given the way Republicans play political hardball.  But the right response to hardball is to use bipartisanship strategically, the way Republicans do, not to eschew it altogether. There are several advantages to pursuing bipartisan agreements.  First, many people hate […]

The air we breathe

Most of the earth’s oxygen doesn’t come from forests or jungles but from ocean plankton. A recent survey found an alarming drop in Atlantic plankton levels likely due to increased atmospheric carbon dioxide and resulting ocean acidification. “Plankton is a blanket term for the billions of tiny sea organisms living close to the surface of […]

Our Obsession With Growth Must End

Pulled from Comments Section. Fred Dobbs Commentary NY Times magazine – July 17 Pioneering Economist Says Our Obsession With Growth Must End, NYT, David Marchese  Growth is the be-all and end-all of mainstream economic and political thinking. Without a continually rising G.D.P., we’re told, we risk social instability, declining standards of living and pretty much […]

June industrial production: second sharp monthly decline in manufacturing

June industrial production: second sharp monthly decline in manufacturing  – by New Deal democrat Industrial production declined -0.2% in June, and May was revised downward to unchanged. Even worse, manufacturing production declined -0.5% in June, and May was revised downward to -0.5% as well: This corresponds to the sharp deterioration in the regional Fed new orders […]

Real retail sales decline again slightly

Real retail sales decline again slightly  – by New Deal democrat Nominal retail sales for the month of June rose 1.0%, and May was revised up by 0.2% from -0.3% to -0.1%. But since inflation was 1.3% in June and 1.0% in May, this makes the combined downturn in real retail sales -1.4% for the two […]

Growth in Population, Immigration, and Migration

Just some ramblings of mine after looking at numbers. I do know Wisconsin, Michigan, and Pennsylvania voter politics are changing. They are slowly becoming Democratic. People migrating to other states appear to be more liberal than the ones living there already. AZ is a purple state. That is the longer term outlook. It looks like […]

Weekly Indicators for July 11 – 15 at Seeking Alpha

Weekly Indicators for July 11 – 15 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. We are at the point where I suspect that after the Q2 quarterly economic reports come out, and the Fed’s next meeting/rate hike, literally *all* of the long leading indicators will be […]