Doing my usual internet walkabout and looking for things which may be interesting to present at AB. Rental Housing costs and Mortgage costs are important in trying to find reasonable housing. A reader does not have to travel far to pick up on this topic. Angry Bear’s features New Deal democrat, who also covers similar topics every day. You can also read Bill McBride (Calculated Risk) comments on similar topics. At one time, Bill wrote at Angry Bear...

[unable to retrieve full-text content]Nov 13 2023 with Steve Keen Pod version Published Nov 24 How Finance Capitalism Ruined the World – Dr. Michael Hudson & Dr. Steve Keen Dr. Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street Continue Reading The post Economists as Hired Guns first appeared on Michael Hudson.

As suggested by New Deal democrat, the nation is experiencing an expansion of the economy which seems less likely to end in a recession. “There has been some commentary that continuing claims mean a recession is imminent or may even be underway. I am discounting that because initial claims have always signaled first, and also because continuing claims have been in the range of 25%-30% higher YoY for the last 6 months without worsening. Turning...

The essence of money!

Initial jobless claims confirm benign employment conditions  – by New Deal democrat Initial claims declined -14,000 to 209,000 last week, and the four week moving average declined -750 to 220,000. With the usual one week lag, continuing claims declined -22,000 to 1.840 million: On a YoY basis, both weekly claims and their four week average were up only 4.6%. Continuing claims, which have been much more elevated YoY, were up 24.0%:...

Much of this information is taken from HuffPost, my experiences traveling from Michigan to Upstate New York monthly, and crossing back and forth into and out of Canada at the Niagara Falls Bridge Crossing. It is hard to misbehave on the Rainbow Bridge crossing going from Niagara NY to Niagara Ontario or vice versa. There is usually traffic and it is closely monitored. What was an innocent trip changed after 911. Surveillance was stricter as were...

from Lars Syll In 2022, the U.S. National Institutes of Health (NIH) placed a large bet on an experimental drug developed to limit brain damage after strokes … The gamble seemed warranted. Lab studies, most by a longtime grantee, prominent University of Southern California (USC) neuroscientist Berislav Zlokovic, had generated promising data. A small safety study of the drug, sponsored by a company Zlokovic co-founded called ZZ Biotech, was also encouraging. Because of its potential to...

Lloyd Alter’s adds a new CO2 or carbon pollution commentary on Carbon Up Front which follows many of his other commentaries on the issue. They can be found here. All of which address the issues of our advanced civilization slowly poisoning the world with a continued release of CO2. His latest article identifies the worst emitters of CO2 amongst us. Tax the rich before they kill us all, Carbon Upfront, Lloyd Alter A new OXFAM report finds that...

These posts demonstrate, in a model of fixed capital, that the cost-minimizing choice of the economic life of a machine need not conform to traditional Austrian and marginalist theory. The cost-minimizing choice of technique around a switch point might associate a shorter economic life of a machine with an increased capital intensity. This counter-intuitive variation of the economic life of a machine is independent of capital reversing and the re-switching of techniques, both of which are...

The Smith Family manga continues – Episode 6 is now available….William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 6 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia