by New Deal democrat Weekly Indicators for October 12 – 16 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. What was most noteworthy about the past week is the confirmation that consumer spending, so far, has continued to hold up even as emergency Congressional assistance has been terminated for a month and […]
Why Does MbS Want Hillary Clinton’s Emails? In yesterday’s Washington Post David Ignatius reports in a column about serious efforts by Saudi Crown Prince Mohammed bin Salman (MbS) to get the infamous emails of Hillary Clinton publicized, something that President Trump also wants and SecState Pompeo has been promising while complaining about problems getting them […]
Infidel753 introduces us to “Biden’s 22 minutes of speech worth listening to and watching in entirety.” It is interesting on multiple levels. Infidel753 writes for a blog of his own name Infidel753 and also posts commentary from other blogs and Angry Bear on Crooks and Liars. This speech was given on October 6, 2020. I […]
Chris Christie: “I believed when I entered the White House grounds, that I had entered a safe zone, due to the testing that I and many others underwent every day,” Mr. Christie said in the statement. “I was wrong. I was wrong not to wear a mask at the Amy Coney Barrett announcement and I […]
Slavery, never gone, had been given new life in Europe with slaves from Africa; first by Portuguese Traders in the 15th Century, then by the Spanish in the 16th. The bubonic plague of the 14th Century had wiped out one-third of Europe’s population; Europe needed laborers. Slavery was widely practiced on the continent and in […]
Jobless claims: only one week’s data, but cause for significant concern Today marked the biggest increase in new jobless claims in two months, and one of the two biggest increases since May, while the slightly lagging continuing claims continued to decline. On a non-seasonally adjusted basis, new jobless claims rose by 76,670 to 885,885. […]
A good discussion of the current state of play is here. The short version is Speaker Pelosi and Treasury Secretary Mnuchin are negotiating over a package of $2 trillion or so, McConnell plans to introduce a very limited $500 billion package that he may or may not actually have votes to pass (he may just […]
Coronavirus dashboard for October 14: winter is coming Total US confirmed cases: 7,806,805* Average cases last 7 days: 51,038 Total US deaths: 215,887 Average deaths last 7 days: 714*Actual cases probably more like 14 million, or over 4% of the US populationSource: COVID Tracking ProjectToday let’s take a look at the most recent upsurge in […]
Consumer prices rise a “normal” 0.2% in September In September Consumer prices rose a “normal” 0.2%, the first such typical increase since the pandemic began (blue in the graph below): For the past 40 years, recessions had typically happened when CPI less energy costs (red) had risen to close to or over 3%/year. We are […]