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

Maybe This Is Not (Technically) A Recession?

Maybe This Is Not (Technically) A Recession? Here I am using what is the journalistic definition of a “recession,” also used in many nations although not officially in the US, where these things are determined ex post by an NBER committee.  Anyway, that “journalistic” definition is that there be two consecutive quarters of negative GDP […]

New coronavirus cases vs. testing in “reopened” States

New coronavirus cases vs. testing in “reopened” States Are new coronavirus infections increasing in States that “reopened” on or about May 1? The jury is still out. The number of infections is up in 4 of the 5 biggest States that have done so, but so are the number of tests. The likelihood that most […]

“Obamagate!”

“Obamagate!” I know, I should probably not waste everybody’s time commenting on this nonsense, but the push on it has been massive, with it seeming to influence a lot of people it should not, so I have decided some push back is called for, even if those who should see it do not.   I am […]

Abbreviated coronavirus dashboard for May 19: testing improvement continues

Abbreviated coronavirus dashboard for May 19: testing improvement continues Here is the update through yesterday (May 18). As usual, significant developments are in italics. The downward trend in new infections and deaths has continued. An important issue is whether we are beginning to see an increase in new infections in States which irresponsibly “reopened.” I will look […]

Housing permits and starts plummet in April, but mortgage applications suggest big rebound in May

by New Deal democrat Housing permits and starts plummet in April, but mortgage applications suggest big rebound in May At some point it is going to be safe for the economy to be completely reopened. When that point comes it would be nice if the leading sectors of the economy have already been priming the […]

Updating the Petri dishes of democracy: population density remains a primary determinant of intensity

Updating the Petri dishes of democracy: population density remains a primary determinant of intensity Over the weekend I saw a map indicating that new coronavirus infections have been increasing on a relative basis in different and generally more rural parts of the country, especially in the Baltimore-Washington portion of the eastern megalopolis and the “black […]