In the 3 days ending Thursday, June 8, Treasury issued almost $300 bln in securities. What happened? Stocks made a new 14 month high.

“This success can translate to a more transformative and permanent paradigm shift for US energy policy, but the DOE’s success paves a clear path to future successes.” The SPR strategy being, “how long can the US hold out against a hostile Middle East?” The Saudis appear to favor trump over other US politicians. Maybe appeasing trump is easier than satisfying a real president focused on the nation they represent rather than himself and ego. In any...

Figure 1: Prices of Corn and Ale in an Iterative Process1.0 Introduction Anwar Shaikh proposed, sometime in the 1970s, I guess, an interpretation of Marx's transformation problem. Marx's solution in volume 3 of Capital is the first step of an iterative process. I thought I might work through this idea with an example from an old exposition of mine. I am not sure how faithful I am to Shaikh's approach. I notice that as I explain it, the equality of total values and of total prices is...

Big Data ‘solutions’ to poverty Chetty’s pitch to the nation is that our problems have technocratic solutions, but at times I sense that he is avoiding an argument … Poor people would be better off if their children had better prospects, but also if they had more money—if the fruits of our society were shared more broadly. “I can take money from you and give it to me, and maybe that is good and maybe it is not,” he said. “I feel like there are a lot of...

Zlatan i all ära, men för mig kommer alltid den här grabben att vara nummer ett.Bosse Larsson spelade 16 säsonger i MFF. Han vann sex SM-guld och toppade skytteligan vid tre tillfällen. 1965 gjorde han 28 mål på 22 matcher. Denne legendar är — precis som yours truly — uppvuxen på Rosendalsvägen på Backarna i Malmö …

Real business sales estimate: up 0.3% in April, but still below January peak  – by New Deal democrat Let me start today by re-upping this graph of the current state of the coincident indicators mentioned by the NBER as data that they track: As I wrote earlier this week, the two positives keeping the economy in expansion are real spending on services, and jobs. The other indicators are either flat or down from their peaks. In fact I’ve...

The issues being addressed in the second part of the Center for Healthcare Quality and Payment Reform or CHQPR ORG, report reviews what is causing small rural hospitals to close. Provided is also glimpse at a solution to fix and maintain small rural hospitals which can not maintain the necessary facility and service to local patients on their own. This is a patient-focused approach using a funding scheme designed to support the services patients...

Along with getting paid what you are worth is the story, you need a college degree in order to get paid more. That is kind of true if you complete higher education in a field which pays more. What if you do not pick the right field and you are burdened with debt? Your pay is low and it may take a decade, or two or even three to dump the student loan. And if you do not get a degree? Some education “may” be better than no education. The pay may be...

Initial and continuing claims: yellow caution flag reinstated  – by New Deal democrat Initial claims rose sharply last week, up 28,000 to 261,000 (an 18 month high). The 4 week average rose 7,500 to 237,250, still lower than its April peak. Continuing claims, with a one week delay, declined -37,000 to 1.757 million: When we had a similar spike a month ago, it turned out to be a artifact of mis-reporting by Massachusetts, so take this with a...

The End of Easy Money: Bankruptcy Filings Pile Up at Fastest Rate since 2010, Wolf Street, Wolf Richter. t’s turning into a banner year for corporate bankruptcy filings. Easy Money has caused all kinds of excesses, fueled by yield-chasing investors, in an environment where the Fed had repressed yields with all its might. Those yield-chasing investors kept even the most over-indebted zombies supplied with ever-more fresh money. But that era has...