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

1st Quarter GDP Grew at a 6.4% Rate on Government Stimulus Spending

1st quarter GDP; March incomes & outlays, and March durable goods Marketwatch 666, Commenter R.J.S. Our economy grew at a 6.4% rate in the 1st quarter, quite a bit stronger than during the fourth quarter, as stimulus supported growth in personal consumption of goods and increased federal government consumption outlays more than offset weaker private […]

Focus on Fracking

Commenter R.J.S. Ohio anti-fracking activist joins Greta Thunberg to decry fossil fuel subsidies at Earth Day Congressional Hearing A self-described “fracking refugee” from Belmont County, Ohio on Thursday joined Swedish climate activist Greta Thunberg on Earth Day to urge a congressional subcommittee to abandon subsidies to the fossil fuel industry when Congress passes its next […]

That Prices were up the most since 2012 is probably also noteworthy . . .

CPI Rose 0.6% in March on Higher Prices for Energy and Transportation Services, R.J.S, MarketWatch 666 The consumer price index rose 0.6% in March, the largest monthly increase since August 2012, as higher prices for fuel, utilities, transportation services, financial services, and used vehicles were only slightly offset by lower prices for clothing and for communication commodities…the Consumer Price Index Summary from the Bureau […]