Jobless claims: a good example of why my forecasting discipline demands a confirmed trend  – by New Deal democrat Initial jobless claims for the last week of July rose 6,000 to 227,000. The 4 week average decreased -5,500 to 228,250. Continuing claims, with a one week lag, rose 21,000 to 1.7 million: The YoY% change is much more important for forecasting purposes. There, initial claims were up 4.1%, the 4 week average up 5.8%, and continuing...

Jobless claims: a good example of why my forecasting discipline demands a confirmed trend  – by New Deal democrat Initial jobless claims for the last week of July rose 6,000 to 227,000. The 4 week average decreased -5,500 to 228,250. Continuing claims, with a one week lag, rose 21,000 to 1.7 million: The YoY% change is much more important for forecasting purposes. There, initial claims were up 4.1%, the 4 week average up 5.8%, and continuing...

This is an abbreviated version of a Canadian trial which examines whether eliminating out-of-pocket costs would improve the health of people taking the medications by making drugs less costly. The greater impact was amongst lower income participants who may not take drugs as prescribed to lengthen a refill timetable. The elimination of out-of-pocket medication costs resulted in lower and reduced total health spending by a median of $1641 and a mean...

This is an abbreviated version of a Canadian trial which examines whether eliminating out-of-pocket costs would improve the health of people taking the medications by making drugs less costly. The greater impact was amongst lower income participants who may not take drugs as prescribed to lengthen a refill timetable. The elimination of out-of-pocket medication costs resulted in lower and reduced total health spending by a median of $1641 and a mean...

It’s Wednesday and there are a few topics that warrant some comment. But at the top of the topics were headlines this morning shouting out that the US treasury bonds had been downgraded by one of those self-serving credit rating agencies, as if it was an event worthy of some import. The journalists obviously do not understand anything if they think that decision was important. The ratings downgrade on US government debt is meaningless and the rating agency involved just wants to boost its...

Old podcast from Money on the Left and a new transcript.MR OnlineJob Guarantee as Historical Struggle with David Stein (NEW TRANSCRIPT!)Maxximilian Seijo, Scott Ferguson, William Saas

Survey (NPR/PBS NewsHour/Marist) finds 53% of Americans think addressing climate crisis should be given priority and 72% of Republicans say the economy should be. June and July were, by many measures, the hottest such months on record. Wildfires are raging across the world, in the US notably in California and Nevada. Smoke from fires in Canada has blotted out the sun on the US east coast this year. Much of the US is threatened by rising seas....

Survey (NPR/PBS NewsHour/Marist) finds 53% of Americans think addressing climate crisis should be given priority and 72% of Republicans say the economy should be. June and July were, by many measures, the hottest such months on record. Wildfires are raging across the world, in the US notably in California and Nevada. Smoke from fires in Canada has blotted out the sun on the US east coast this year. Much of the US is threatened by rising seas....

Why Krushchev was wrong..

In recent times, there has been a growing interest in institutionalist trends and research within the field of economics. Traditional explanations and analyses have seemed to have little or no value. Abstract and unrealistic theories have increasingly been replaced by historically grounded ones. Institutional and structural elements in the economy are highlighted, replacing overly short-term and model-based variables. It is, therefore, not surprising that economists have...