Government Deficit Fueling Growth or Inflation?

Commenter and reader J.P. Mc Jefferson linked to this Lawrence O’Donnell Youtube article “Media still not ready to cover Trump after years of his lies.” It appears; Donald Trump called on the government to “come down hard” on MSNBC and not one major broadcast news network covered it. MSNBC’s Lawrence O’Donnell explains why this is a product of what Brian Klaas calls the “banality of crazy.” It does make you wonder if negative reporting...

Briefly, every morning I get an array of emails in my In-Box offering up what they think can be interesting reads. I would definitely read Economist David Zetland student’s writings on water shortages in other countries. Most Interesting Read Economist David Zetland’s Students Studying the Impact of Water Shortage in Europe, The one-handed economist, The Hague. What something interesting to do? Write to David’s students on his site. David does...

November 28, 2023, Letters from an American, Prof. Heather Cox Richardson I broke this down into various topics which makes it a bit more directed. Prof. Heather covers broad and interesting territory on the nation’s political activities. Pence: Here at home, the 2024 presidential campaign is heating up. This morning, Katherine Faulders, Mike Levine, and Alexander Mallin of ABC News broke the story that former vice president Mike Pence had...

‘Way on down south London town’ .[embedded content] Unforgettable!

According to the Monetary Statistics of the European Central Bank, the credit impulse to the Euro Area economy is getting even weaker (graph 1, the yellow part of the bars). Which not only forbodes a recession but already is a recession. Graph 1. Monetary developments in the Euro Area. Source. This interpretation (the EA is in a recession) gains credibility when we realize that most of the remaining net credit is used to finance the purchase of existing houses and not to finance...

Watch CNBC and get stupid.

Bank Loans is Creating Illusions?

Forecasting a further upturn in the unemployment rate: what works?  – by New Deal democrat Yesterday I read a post over at Seeking Alpha in which the author confidently predicted a recession in Q1 next year, based exclusively on the NAHB builder sentiment index. Here’s his accompanying graph, comparing builder sentiment with the unemployment rate 17 months later: In case you didn’t already figure it out, the graph forecasts a 7%...

AB: IEA will not allow me to change any wording. Anything in italics or leads with an AB in front is my wording. I believe the following (charts and brief summation) to be a good explanation of where the US stands at far as changes in energy and usage. A little background concerning our home. We live in a mostly electricity using house in terms of energy usage. Our fans are driven by DC (inverters) electricity. We have a heat pump to supply heat...