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

Collective guilt

Apparently, the National Guard shooter in DC was an Afghan refugee. Now the Trump Administration has got its panties in a twist, calling it an act of “terrorism” and blaming all Afghan refugees. “Afghan refugees in Massachusetts who fled the Taliban in recent years fear they won’t be able to stay in the country after […]

Regional Fed manufacturing and services indexes for November 2025

“Regional Fed manufacturing and services indexes for November show manufacturing rebound, continued rampant price pressures, and stagnant employment”  – by New Deal democrat Although the federal government has resumed reporting economic data, it is spotty and woefully stale, from August and September. As a result, the two big sources for current data remain the regional Feds […]

IQ. So what?

I don’t know if my IQ was tested. Needless to say, I don’t know what my IQ is. I do know that I was awarded a BA in microbiology with honors at the age of 22, a PhD in genetics at the age of 27, a tenure track assistant professor of biochemistry and molecular biology […]

Money, Power and the Traders who Barter the Earth’s Resources

Book Review: The World for Sale The one-handed economist Javier Blas and Jack Farchy (B&F) published this book in 2022, and I decided to read it after hearing them discuss it on a podcast. The book focuses on commodity traders “who barter the Earth’s resources” as it says in the subtitle. On the one hand, these […]

The housing market continues to be recessionary: repeat home sales edition

– by New Deal democrat Note: there was a good advance manufacturers’ new orders report for September this morning. I’m going to save discussing it until Friday, when I dissect the regional Fed reports, which are now all in through November. Neither building permits and starts, nor new residential sales, were updated this morning, which means […]

History About “Thanksgiving” Day

Reading Prof. Heather Cox Richardson’s take on American history always reveals something I did not know. misunderstood, or what I wanted to know of about. There is a message here which I believe applies to the events occurring in the United States today. I subscribe to Prof. Heather’s Substack and find her words to be […]

Jobless claims continue recent trends, do not suggest any worsening of unemployment

– by New Deal democrat With the end of the government shutdown, jobless claims are fully updated and back on their regular schedule. And this week, there was more of the same. Initial jobless claims were down -6,000 to a very low 216,000, and the four week average declined -1,000 to 223,750. With the typical […]