Tag Archives: politics

October jobs report: late cycle deceleration and deterioration  – by New Deal democrat With the sharp increases in interest rates, and the complete stalling of real consumer spending measured YoY, since early this year I have expected employment to follow suit, decelerating over time to a stall. And the three month average in employment gains since February decelerated from over 500,000 to 372,000 through September. Because jobless claims,...

Are You Sure About that? Not sure why a man with an orange face and orangish thin hair holds such sway over so many people. He has done so little for the people who follow him. They believe his every word. In Arizona, the poll watchers are out at each of the polling boxes. Not sure what they are going to see as each person deposits the enveloped ballots. My wife and I took ours to the Post Office. Armed and masked men taking pictures of people...

The Fed appears determined to cause a Volcker-like recession  – by New Deal democrat Yesterday the Fed raised rates another 0.75%. In the past 8 months, the Fed has raised rates a total of 3.75%. This is one of the steepest increases in interest rates ever, only exceeded by the pace of the two 1970s oil shocks (1974 and 1979) and Volcker’s inflation jihad of 1981, as shown in the below graph of the YoY% change in the Fed funds rate. Note...

“Major student-loan company (MOHELA) just undermined the GOP-led lawsuit halting Biden’s debt cancellation,” (msn.com), Ayelet Sheffey. Oct 12, 2022, Biden’s Student-Debt Relief Goes to Court Today. Here’s the GOP Argument, (businessinsider.com), Ayelet Sheffey. Republicans representing Arkansas, South Carolina, Iowa, Kansas, Nebraska, and Missouri all said the states could suffer revenue loss from student-loan forgiveness, even as Biden’s...

 Jobless claims: steady as she goes by New Deal democrat [ Special programming note: yesterday’s Fed action, and more important the statements made afterward, merit special attention. I will put up a special post on that later today.] Initial jobless claims remained at their recent low level, down -1,000 from one week ago to 217,000. The 4 week average declined -500 to 218,750. Continuing claims, which lag slightly, rose 47,500 to a 7 month...

Joe Ciricione joined Briahna Joy Gray on her podcast to discuss the war in Ukraine and the Congressional Progressive Caucus letter calling for negotiations between the United States and Russia.  The podcast is subscribers only, but a clip and follow up talk by BJG are available on line.  BJG is a talented debater, but her arguments against support for Ukraine are an absurd, moralistic mess.  My rough transcript from the clip above: There are...

Commentary by Left Jabber @ “Left Jabs.” I had the fortune to run across this commentary at Mike’s Blog Roundup as presented by DriftGlass. Left Jabber is taking a different approach than I did in my earlier post. He is saying the same thing about Biden’s fiscal policy the last two years, It made for a better economy. ~~~~~~~~ Editorial Board of The Washington Post. The headline reads: “Congress and Biden have to help the Fed fight...

[embedded content] I can tell you now, I know I am better off now than then. I believe most of us are better off now. In 2010, I was working out of state after renting a room from Charlie in Cazenovia, NY. I was working for the Germans running a purchasing department. In 2010 and after several years of unemployment, a Republican Congress decided to end unemployment. Basically, they tossed people who were out of work, had no healthcare, or monthly...

Kind of what I been reading is what Infidel is writing about in this post of his. NYT has a detailed opinion article about the complexity of polling on the 24th (freebie). Even they see polling results as complex. I believe Roe v Wade will still play a part in how women and others will vote. I am also hoping Alito will keep flapping his lips. It stirs the crowd up and reminds people he was the instigator in Roe V Wade. Six days off now to the...

A lot of good and assorted News topics to be read. I did not include any about the upcoming election. I did include one on polling. The same as 2020, I believe the polling results are tainted. We are not getting a clear picture from polling or news reporting. That is just one of 30-something articles and links here this week. Heavy on healthcare. and the Economy, otherwise an eclectic mix of assorted news topics. Politics “Only the GOP...