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

November real retail sales turn down, return to negative YoY

November real retail sales turn down, return to negative YoY  – by New Deal democrat Real retail sales is one of my favorite indicators for both the current economy and the jobs situation 3 to 6 months ahead. This morning nominal retail sales for November were reported down -0.6%, which only takes back about 1/2 […]

The Woman Behind The New Deal

Barkley Rosser, Econospeak, The Woman Behind The New Deal, March 16, 2021 I was long aware that Frances Perkins (1880-1965) was the first woman to serve as a cabinet secretary, namely Secretary of Labor for Franklin D. Roosevelt, in which position she was one of the two people to serve in their position all the […]

$1 trillion to be spent on direct hiring…that’s the ticket!

With all this stalemate posturing in Washington, today Chris Hayes has come up with the best idea I have heard yet to move the players. And, in my opinion actually solve our economic depression.   One trillion dollars to be spent on direct hiring by the government along with debt forgiveness.  A solution right out […]

Galbraith: Unemployment Statistics Of The New Deal Era

by Bruce WebbA little antidote to Amity Shlaes and the other New Deal Deniers. From TPM Cafe J.K. Galbraith introduces Marshall Auerback The view that the New Deal was too small and accomplished little, that only WWII ended the Depression, is very widely held. But it is not correct. It is based on a mis-reading […]