– by New Deal democrat Here is my delayed write-up on yesterday’s report on personal income and spending in June. To cut to the chase, it continues this year’s paradigm of weak income but strong spending, likely fueled by the ‘wealth effect’ from stock market gains among the upper income levels. Let me start by reiterating […]
Over the next few days, I am going to catch up with where the nation is with mail-in voting. Herr Tr__p would like to end it. This would force many people to go to voting centers to cast their vote. The intent of the Tr__P administration is to make it difficult to vote. People would […]
“The Trump administration has dropped its case against a former Olympic canoeist charged in connection with damage to the Reflecting Pool, acknowledging their allegations against David “Davey” Hearn don’t hold water. “In a filing Friday afternoon, a supervisor in the U.S. Attorney’s Office for the District of Columbia, which is headed by Jeanine Pirro, wrote […]
Weekly Indicators: Rising Interest Rates Are Again the Main Attraction. Unsurprisingly, the big move this week was in interest rates, which reacted very poorly to the Fed’s decision to keep rates steady, and especially to new Chairman Warsh’s comments essentially abdicating the Fed’s proactive role to the markets, and also a suggestion that the Board’s […]
– by New Deal democrat Note: I will post my long write-up about personal income, spending, and saving tomorrow morning. As per usual, my focus on the GDP report is less on the topline numbers than on the two leading indicators – real spending on housing and proprietors’ income – contained therein. And to get […]
I am drawing from USAFacts and their current discussion on drug overdoses. I was nosey. In the past I had concentrated on Purdue Pharma and their sales of OxyContin. As stated in an older post, “By itself OxyContin and the availability of it did not cause the drug abuse epidemic. The easy sale of OxyContin, […]
Socialism is when the government owns the means of production. “The Trump administration expanded the government’s investment portfolio this week after six semiconductor companies signed letters of intent to receive government assistance in return for “a minority, non-controlling equity stake.” “These new deals, set to be finalized in the months ahead, would bring the total […]
This is a bit different than my trips to China. I have no doubt views of China have improved without people even going there. Why is such occurring? Our “great” (his word) president has been tripping all over himself in order to appear great in the eyes of other countries and the United States. It […]
– The one-handed economist (site) Daniel Zetland . . . a political-economist from California who now lives in Amsterdam. ~~~~~~~ From Strength to Strength – by Athur Brooks I asked Claude.ai “what books should I read to prepare for retirement, the second half of life, the End?” and got this title in response. It was a good […]
If there is a question to ask, then, it is this: Why does Musk get a pass? Why do politicians, journalists and commentators treat his far-right racist radicalism as a sideshow rather than the core of his political, ideological and industrial project, seen in everything from his deep support for Donald Trump in the United […]