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

Industrial production increases again in February, but ex-AI related utilities has made little progress since last July

 – by New Deal democrat Probably my biggest theme right now is that most of the economy is either recessionary or at least on the cusp of recessionary. But this has been counterbalanced by AI data center- related spending, and the stock market boom and wealth effect it gave rise to.  Last month I highlighted how […]