That’s the title for my latest piece in The Conversation, reposted at my Substack blog. Comment here or at Substack. Share this:Like Loading...

Gulf Streams demise = Global wealth Increase

A warning (for comments I guess). I really like to answer rhetorical questions. The answers are quite long. I can semi remember one. Being clever (as he often is*) Matthew Yglesias asked how and when the Democratic Socialists became bitter adversaries of the Social Democrats, which is odd since both phrases are translations of the same polysyllabic German word. I happened to know the approximate answher (I didn’t recall the exact date which turns...

Real retail sales mildly positive, but still suggest further deceleration in job gains  – by New Deal democrat Before proceeding further, I should mention – and should have mentioned as to jobless claims – that we are in that part of the year where seasonality often wreaks havoc, so outsized gains or losses should be taken with a grain of salt. This is particularly true as to YoY comparisons of retail claims, because last year November and...

Unlocking Economic Growth Through Working Class Boost

By Jesus Felipe and Matías VernengoALTHOUGH the economies of Argentina and the Philippines are very different, the two share structural problems that make both nations’ development a complex process. The election of Javier Milei as the new president elect of Argentina, gives us the opportunity to review the differences and parallels between the two economies.Milei is a radical libertarian populist economist with authoritarian tendencies. His proposals range from the dangerous in economics...

Uncovering the Inflation-Money Value Link

My whole life has been centered around mathematics. It was not until much later when I was told I may, might, could have a talent for writing. It did not dawn on me then as my life’s course or desire was to be an engineer of some type. It never happened because of a little downturn in demand for engineers in the seventies. VP of Patents and Trademarks at USG convinced me then to get some type of degree in Business. I had two years of Calculus to back...

Controversial? My Background? XMarine Sergeant E5 served 68-71. Not an 0311. Was made a Sergeant a couple of months into my third year. Excellent shot with M14. Served during the Vietnam years when we were doing most of the fighting. US pulls out and South Vietnam collapses. US assists Afghanistan in fighting. Does most of the fighting and trains their military. Trump plans a pullout and Biden does it. Afghanistan collapses. Russia attacks...

Jobless claims: good news all around  – by New Deal democrat This was one of the best weeks as to jobless claims all year. Initial claims declined -17,000 to 202,000, a tie for the 2nd lowest number in 10 months. The four week average declined -7,750 to 213,250. With the usual one week delay, continuing claims rose 20,000 to 1.876 million: Even more importantly for forecasting purposes, the YoY% changes both for the weekly number and the...