Initial jobless claims still negative, but no recession signal As you know, I’ve been monitoring initial jobless claims closely for the past several months, to see if there are any signs of a slowdown turning into something worse. Simply put, if businesses aren’t laying employees off, those same people are consumers who are going to […]
Sigh . . . If the general public has not caught it, there are some of us who watch the political mechanizations by commercial healthcare to improve their lot in Congress. I know the public has not caught this switcheroo in Congress causing them to look good (and boast of it) in removing new drug […]
Forward Creeping Excessmass Wins The War On Christmas “Excessmass” is a term neologized in a column in the late 1990s in the Wall Street Journal (sorry, unable to find precise date) by my JMU colleague, Bill Wood. A devout Brethren, he was and remains disgusted by the crass commercialism associated with the Christmas holiday in […]
The chart of the decade Today doesn’t just mark the end of 2019, but the end of the 2010’s as well. So it’s only suitable that I post the one chart that I think most explains the economy over the past 10 years. In terms of public policy, that chart would be of the continual […]
Thiessen Balances His Policy Defense Of Trump Several days ago I posted on Marc A. Thiessen’s defense of 10 policies by Trump in WaPo. I must now credit him with today on New Year’s Eve in the same venue publishing a column “The 10 worst things Trump did in 2019.” Good for him, some balance […]
To steal from Sandwichman’s excellent commentary on 2020 Hindsight and use a quotation from it which does give the magnitude of the last 10 years in financial terms; “A fourth wave of debt began in 2010 and debt has reached $55 trillion in 2018, making it the largest, broadest and fastest growing of the four” […]
According to a report, Global Waves of Debt, pre-published by the International Bank for Reconstruction and Development: Waves of debt accumulation have been a recurrent feature of the global economy over the past fifty years. In emerging and developing countries, there have been four major debt waves since 1970. The first three waves ended in […]
Poverty is the worst form of violence. Mahatma Gandhi This particular Baltimore Sun commentary goes hand in hand with Paul Krugman’s commentary on making life more difficult for the <less than 138% FPL using Medicaid. The motive of the Trumpians. Trump, and Republicans is to punish people for things impacting them through no fault of […]
This sets the tone in Michigan as the richest Republican controlled County of Livingston continues its attack on women along with the State of Michigan House and Senate using a petition to pass a veto-proof law limiting abortion without putting it forward on a ballot initiative. A tyranny of a minority imposing its will upon […]