Tag Archives: US/Global Economics

The Ukraine war spike in energy prices has completely unwound  – by New Deal democrat I plan on putting up a Coronavirus update later today, because there have been a few significant developments (No, the pandemic is *NOT* over) particularly as they relate to the next few months. Tomorrow and Wednesday, we get our first batch of monthly housing data. In the meantime, today let’s update the situation with energy prices. And here, the news is...

As always, I must start by saying I have no expertise and there is no reason anyone should be particularly interested in my thoughts. The question is how will the war in Ukraine end. I guess I have a guess, but it implies it will last a long time. I can think of 3 possibilities, Russian victory, Ukrainian victory or a negotiated peace. First, I think it won’t end with Russian victory. Given recent Ukrainian battlefield victories, this...

Happy 155th Birthday to volume one of Capital! In his 1965 farewell lecture at Brandeis University, Herbert Marcuse read a long passage from the Grundrisse’s “fragment on machines” and then observed: “But Marx himself has repressed this vision, which now appears as his most realistic, his most amazing insight!” In Time, Labor and Social Domination, published 28 years later, Moishe Postone addressed the same section from the Grundrisse and...

With the Breaking Into series we will explore US agriculture, the least complex, the most complex, the failures, frustrations, sustainability, costs, and future of each topic that makes up modern agricutlure. On this episode we are going to explore a more complex, yet still small, system of farming for profit, Small Plot Farming. Small Plot Farming in a name can seem inadequate, small, not useful in the bigger picture of global agribusiness, but...

A lot of informational news deposited in my In-Box this week. Nothing this week is taken from anywhere else. I think last week, I included one news article from the outside. Political, Economic, Healthcare news are my mainstays. The usual economics and business news coming from different sources. Yes, inflation is still an issue. I do not believe Powell will not give us a soft landing he thinks he is capable of doing. One issue will help...

August CPI: sharp gains in housing and new cars offset declines in used cars and gas  – by New Deal democrat Following up on yesterday’s post, let’s cut to the chase: Total CPI +0.1% Energy -5.0% Used vehicles -0.1% New vehicles +0.8% Owners’ equivalent rent +0.7% (biggest monthly gain since 1990) YoY inflation declined to +8.3% from its recent +9.0% peak: The 0.7% increase in owner’s equivalent rent was the biggest monthly...

Previewing CPI No economic news today. Tomorrow the August CPI will be reported. Recall that in July there was no inflation whatsoever. In August last year prices increased 0.3%, so any number lower than that will lower YoY CPI from its July level of 8.5% (June’s 9.0% YoY inflation having been the peak). The big bugaboos for consumer inflation have been housing, vehicles, and gas. So let’s take a look at each. Yesterday, for the first time,...

With the Breaking Into series we will explore US agriculture, the least complex, the most complex, the failures, frustrations, sustainability, costs, and future of each topic that makes up modern agricutlure. On this episode we are going to explore one of the more simple ways to get into professional agriculture, Market Gardens. Market Gardens by another name are simply backyard gardens where the output is more than the habitants of land can...

Combat Nativism and Make America the Most Welcoming Country in the World Some findings from the Roosevelt Institute: “New report: Combat Nativism and Make America the Most Welcoming Country in the World” – Roosevelt Institute In 2020, natural disasters forced more than 30 million people to migrate across the globe. by 2050, climate change impacts could bring this number up to 216 million.Mass migration is happening against the global backdrop...

“Will The Iran Nuclear Deal Ever Get Reestablished?,” Econospeak  It (Iran Nuclear Deal) keeps looking like it might, but then no obstacles have appeared yet. President Biden promised to undo what I have long argued was the worst foreign policy mistake made by Donald Trump. He should have just done it right after he took office, but he made a bunch of extra demands and the negotiations went nowhere. Then the moderate Rouhani government was...