(Dan here…Late to AB posting…what a difference a day or two can make. Elizabeth Warren has withdrawn from the election process and is not endorsing either Biden nor Sanders at the moment. Peter weighs in speculating on what is next.) 1. Biden benefitted from a wave of (orchestrated) last minute endorsements. One effect of this wave […]
The latest political news is . . . Trump claiming Biden is unfit for office. One can hardly imagine this scenario occurring of the pot calling the kettle black; but, this is what Trump is doing. Biden does have his issues which were on display early on in his campaign. I am […]
Vehicle sales for February continue to show mixed picture Let’s take a look at February car and heavy truck sales. Putting this in perspective of economic cycles, typically, after housing turns, consumer purchases of vehicles and then other durable goods (like major appliances) turn down. Broader consumer purchases are the last to turn down before […]
“…a scheme at once wild and dangerous.” “…a trick, too, of the clumsiest description…” I was hunting for the exact location of “Prince’s Tavern” in Manchester in 1833 when I stumbled upon an Economist article from March 30, 1844 addressing the “practical consequences” of reducing the length of the factory working day from 12 hours […]
US consumers . . . still consuming Aside from sitting around twiddling our thumbs waiting for partial motor vehicle sales from February to be reported later, there’s no economic news of note today. But Tuesday mornings each week we do get chain store sales from the previous week. And if you’ve been paying attention, you […]
Before the recent swoon stock market market performance under Trump had been quite favorable. The market gain since his inauguration (100) had been (144) similar to those under Clinton (141) and Obama (150). At this point Ike actually had the best return ( 170) but Ike and Truman are not included in the chart because […]
(Dan here…another of David Zetland’s students Hanna writes on regulation…a reminder of what also matters during this heated political climate, and from a younger generation. The first mention of water wars at AB was 2007 I believe.) Poor regulation causes scarcity Hannah writes* In 2014, Flint was plunged into a water crisis. However, this was […]
Protecting Healthcare Workers from Infected Patients, United States vs South Korea Seattle: Korea: Those bedsheets will do a great job preventing the virus from spreading.