October personal income declines, but still well above pre-pandemic peak; increased likelihood of negative pandemic reversal in jobless claims Before I turn to this week’s report on jobless claims, a brief word first about October’s personal income and spending. Although personal income declined in October compared with September, more importantly depending on how you measure […]

Is Bitcoin A Bubble?  We have all thought so, with no income and nothing backing it, and it went zooming from nearly nothing to over $19,000, only to fall back hard down to around $3000, where it more or less hung out for a couple of years with the occasional up to $6000 or so.  […]

George Lakey has played a part in direct action campaigns for over six decades. He has recently retired from Swarthmore College. Some of history giving him a background in social issues include being arrested in the civil rights movement and most recently in the climate justice movement. George has facilitated 1,500 workshops on five continents […]

Almost all Americans agree that the government should not actively discriminate against blacks and other racial groups, and most believe that private race discrimination should be prohibited as well.  Many people would go further and support efforts to reduce the large racial disparities that persist in America despite formal legal injunctions against discrimination.  Some believe […]

— Preface Donald J. Trump is not on this list only because he is much so more than odious. — Grover Norquist* Because; in any list there has to be a number one. Though it was tough choosing a number one, no one is more deserving. Using one’s intelligence to bully, to manipulate others, is […]

Yemen: More Damage To World Peace And Security Due To Trump Wrecking Everything As He Exits Michigan certified its vote results for Biden, and now crucially Emily Murphey at the GSA has agreed and now recognized officially that at least Joe Biden should be allowed to transition properly as has always happened in the past […]

"I guarantee you…" pic.twitter.com/HRjKjtrziV — Bad COVID-19 Takes (@BadCOVID19Takes) November 23, 2020

Benjamin Franklin vs. John Locke on the Legislature vs. the Executive An initial note: there is very little economic data this week. Some house price information gets updated tomorrow, and then on Wednesday we get a slew of data, including Q3 corporate profits, jobless claims, new home sales, durable goods orders, and personal income and […]

Janet Yellen Will Be Treasury Secretary  I have long been a great fan of hers as well as knowing her and her husband, George Akerlof, personally.  Back in 2009 I was the first person to call for her to be named Fed Chair. I am very pleased with this appointment.  This is as good as […]