– by New Deal democrat Angry Bear PM Take: It would seem like Fed Chair Powell feels good about the progress. The theme of the JOLTS report for June was “continued deceleration,” but no particular cause for concern. As we’ll see below, that’s because the “bad” metrics declined just as much as the “good” ones did.  To start with, job openings (blue in the graph below), a soft statistic that is polluted by imaginary, permanent, and trolling...

Central banks, geopolitics, earnings. It was all there today. How do you trade this? 

The election in Venezuela is always contentious. I've written quite a bit about it over the years (see everything here; on the previous presidential election see here). Some have decided already that is a fraud, and sustain that the previous ones were also, although that is far from clear, and most likely Maduro (let alone Chávez did win all the previous elections). This time around things are less clear. First of all, the opposition seemed more unified, even with the disqualification of...

Touring again. Guest appearance​ in Stockholm. Regular blogging will be resumed next week.

Where all this may be going is anyone's guess. Wherever, it looks like down the rabbit hole. The UK is "broke." The USD is being crushed under "a mountain of debt." De-dollarization is "in full swing."The Alternative WorldTrump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial HegemonyWhitney Webb

Debt Crisis: The Ultimate Government Strategy.

The “baby boom” began in 1946 and ended in 1964. I’m a boomer. In fact, I was born in the mathematical center of the baby boom. I was 14 when Woodstock happened.Boomers have been credited (or blamed) for the tumultuous ‘60s of civil rights and hippie fame. But that’s anachronistic. Here’s Louis Man and in his recent New Yorker article “What happened to the yuppie?”“Most of the baby boomers had nothing to do with the civil-rights movement or the...

The military awarded 20 men its highest honor in the 1890s for their role in the incident, where hundreds were killed or injured. Wind flutters around the peace offerings of tobacco ties that line the fence at the Wounded Knee Memorial on Pine Ridge Reservation in South Dakota, on Monday, October 20, 2014. (Photo by Nikki Kahn/The Washington Post via Getty Images)  The Washington Post Secretary of Defense Lloyd Austin formally ordered the...

A properly or funded IRS is reaching out to various high-income constituents to collect back taxes. It appears their efforts are paying off in increasing tax collections, Compliance efforts continue involving high-wealth groups, corporations, partnerships. IRS July 11, 2024 WASHINGTON — Continuing compliance efforts under the Inflation Reduction Act by the Internal Revenue Service is resulting in increasing tax collections. The IRS announced...

by David Zetland The one-handed economist Sometimes you just want the answer I’ve been thinking of the costs of “staying in place” (in terms of consumption) while Climate Chaos damages arrive since I read 2052 a few years ago (my review). It works like this: CC means that free and useful ecosystem services (e.g., cleaning water, regulating temperatures) are turning into expensive and harmful ecosystem attacks (e.g., storms, floods, heat...