Tag Archives: Featured Stories

How long until the historically tight jobs market reverts to trend?  – by New Deal democrat There are some very unusual cross-currents going on in the housing sector, revealed by yesterday’s existing home sales report. But it will take some time-intensive organization to present it to you, so I’m saving it for (hopefully) Monday. In the meantime, let’s take another look at the job market and how it compares with consumer spending. One of...

How long until the historically tight jobs market reverts to trend?  – by New Deal democrat There are some very unusual cross-currents going on in the housing sector, revealed by yesterday’s existing home sales report. But it will take some time-intensive organization to present it to you, so I’m saving it for (hopefully) Monday. In the meantime, let’s take another look at the job market and how it compares with consumer spending. One of...

Per the Heritage Foundation (Heritage), each year, American civilians use firearms defensively between 500,000 and 3 million times. Which is saying that they have been exercising their relatively newly lawful Second Amendment Right to bear arms for the purpose of self-defense a lot. Further research might indicate that the number is well below 700,000 (might even be as low as 11). As Heritage does make note, there is no way of really knowing. After...

Per the Heritage Foundation (Heritage), each year, American civilians use firearms defensively between 500,000 and 3 million times. Which is saying that they have been exercising their relatively newly lawful Second Amendment Right to bear arms for the purpose of self-defense a lot. Further research might indicate that the number is well below 700,000 (might even be as low as 11). As Heritage does make note, there is no way of really knowing. After...

Robert F. Kennedy, Jr, the notional Democratic presidential candidate, made himself even more foolish than he already was recently by speculating that the SARS-CoV-2 virus was engineered to protect people of Chinese and Jewish descent. Setting aside the fact that there is zero evidence that the virus was engineered and most evidence points to an animal origin, the notion that a virus could be reliably engineered to target specific ethnicities is...

The US Constitution was their best effort to answer the question, “How should it be?” Then, they were seeking a new and better way of governance. Now, some two-hundred-forty years later, a latter-day majority of Justices on the US Supreme Court, the one charged with interpreting the Constitution, are saying, “This is how it should be.” The one, asking; the other, dictating. Merely a matter of word order? Hardly. Whereas their focus was on getting the...

An important reason to read history is to gain a perspective on current events. If you watch exclusively mainstream media television, particularly Fox News, you might be forgiven for the belief that things in this country are the worst they have ever been in history. “1877: America’s Year of Living Violently” by Michael Bellisiles is one effective antidote to that impression.The panic of 1873, when a post-Civil War speculative bubble burst, launched...

“From his very first term, Bush shocked many by reaching who had either been convicted or pleaded guilty to crimes during the Reagan and Bush administrations’ and others who many felt should have been indicted.“ “You have a very long list of people and what emerged through the two terms was that people who seemed to be accused of violating the law had a rapid accent in this administration.“ “Now, instead of investigating that, the congress...

The death of Daniel Ellsberg on Friday reminded me of his contribution to economics and his influence on my own thinking. In 1987, I was at Cornell, beginning an abortive PhD candidacy. In one of my courses there was an assigned reading on decision theory by Leonard Savage. One of the footnotes referred to an article by “Daniel Ellsberg” and I naturally wondered if it was the same Daniel Ellsberg of Pentagon Papers fame. “Risk, Ambiguity and the...

Labor has gained since the pandemic, but corporations have been sucking up the lion’s share of those gains . . .  – by New Deal democrat I neglected to add a link to my Weekly Indicators piece at Seeking Alpha on Saturday, so here it is. Also, I’ve been trying to understand why, with all of the long and short leading indicators lined up in almost classic formation, no recession has started yet. I discussed that in another piece at Seeking...