Tag Archives: US/Global Economics

Infidel753, Putin’s war comes home. For most of the duration of Putin’s invasion of Ukraine, the majority of Russians have either supported the aggression or at least not objected too energetically.  The war did not affect them much, except insofar as Western sanctions did.  That is now changing, thanks to Putin’s ill-advised and stunningly incompetent mass mobilization. Authorities are now simply grabbing men more or less at random off the...

Quite a few varying articles in healthcare and other topics this week. Pfizer is hoping to make a killing on it mRNA vaccine, shots are approved for 6 months to five-years of age, Medicare Advantage plans, and Novartis is back again with a cancer drug. A COA has blocked student loan relief, lots of talk about housing being blown-up, etc. Is business struggling over the last two years? Read about GM’s spectacular 3rd qtr, 2022. The bottom 50% of...

How can this be?  September 28, 2022, we have Senator Bernie Sanders tweeting (I don’t, guess I need to eat some bird seed). The obscene level of income and wealth inequality in America is a profoundly moral issue that we cannot continue to ignore or sweep under the rug. A society cannot sustain itself when so few have so much while so many have so little. Here is Bernie’s findings as supplied by the Congressional Budget Office. Note the dark...

Weekly Indicators for October 17 – 21 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. If you thought the long leading indicators couldn’t get any worse – well, they could. As usual, clicking over and reading will bring you up to the virtual moment as to how the economy is doing right now, and how it is likely to perform over the next 12 months+. “New Deal democrat’s Weekly Indicators for October 10 – 14,” Angry Bear...

If you have no idea of what a container ship looks like when loaded with containers, here is one example. I have no idea what port this one may be pulling into. The backside of the container ship has 178 containers with the top corners empty. If you had the time and the know-how, I imagine you could spell something back there using the different colors. Depending on the size of the ship, you could stack 15,000 to 24,000 containers on a ship....

If GOP Wins Either House Of Congress, Dems Must Kill Debt Ceiling  If it comes to pass and especially if the GOP takes both houses, presumably Democrats will be able to kill the debt ceiling in the lame duck session. This assumes Manchin and Sinema stick with them on it, which one of them might not. As a budget matter, it can pass by reconciliation, which avoids a filibuster. It can also be passed with only 50 votes plus VP Harris in the Senate....

Two of the most knowledgeable economists discussing events leading up to this year’s high inflation and the resulting interest rates. Of course, the Fed is reacting to the high inflation rates. If we look out into the future, probably early next year for a recession. OER should not be used by the Fed in setting policy. The Fed is currently chasing a phantom lagging menace. “Actual* rents and house prices lead the CPI measures by about a year.”...

The usual mix of articles on the internet. The important ones are healthcare and legal issues. The usual legal issues going on with trump who is flinging as much mud against the wall to confuse the issue of his attack on the US. Eventually, this will come to an end. Hopefully, there is an end where trump is prosecuted to the fullest extent he can be . . , jail. Jail, even if it is for one year. The other big issue I am seeing is commercial...

Brett Crosby currently serves as Region IV Director for the U.S. Cattlemen’s Association, representing Utah, Wyoming, and Colorado. He taps into the current trends in the beef market from a producer side, and I couldn’t have said it any better than he has in his opinion piece in Northern Ag Network. Here’s Brett: A blog post published by the U.S. Chamber of Commerce on July 12, 2022, claimed that Congress is “rushing” to consider “aggressive...

The “Consumer nowcast” recession warning is triggered, as real wages decline, real aggregate payrolls near stall, plus record mortgage payments  – by New Deal democrat No economic news today. So, now that we have the September inflation read, let’s take a look at a couple of important consumer indicators: real average wages, and real aggregate payrolls for non-supervisory workers. Real average hourly wages for non-supervisory employees have...