Dueling May jobs reports: establishment report strong, household report pre-recessionary  – by New Deal democrat My focus for this report continued to be whether the leading sectors and other indicators  continued to decline, and whether the pace of growth continued to decelerate. The establishment side of the report was strong, with most leading indicators improving. But the household side was not just weak, it was negative, with an...

A day when the monetarist zombies should have been selling like crazy, they were running for cover.

The private banking industry either can’t or won’t do what needs to be done to stop preying on vulnerable people. The Post Office Can Bring People-Centered Public Banking to Every ZIP Code, Inequality.org, Anni Norman, Aditi Sen, May 2023. The need for a public banking option is urgent. Nearly 10 million households, a disproportionate number of whom are people of color, are unbanked in the United States. Unbanked or underbanked households...

Intensified decline in manufacturing, but another sign of a bottom in residential construction  – by New Deal democrat As usual, we start the month with reports on last month’s manufacturing, and construction from two months ago. The ISM manufacturing index has a 75 year record of being a very reliable leading indicator. According to the ISM, readings below 48 are consistent with an oncoming recession. And there, the news is not good. Not...

[unable to retrieve full-text content]Recorded on 2023-03-02 Join our next Patreon discussion Thurs June 8, 530pm as a Patreon subscriber. We have 256 patreons supporting 6,000 visitors to this site per day. KARL FITZGERALD: Welcome everyone to our quarterly Q&A session here with our beloved Patreon supporters. Thank you so much for supporting Michael and his work as he Continue Reading The post On Obama, Castro & General McArthur first appeared on Michael Hudson.

Selected Biographies AuthorYearTitleGustav Gross1885Karl Marx: Eine StudieWilliam Liebknecht1896Karl Marx, Biographical MemoirsPaul Lafargue1905My Recollections of Karl MarxVarious1908Karl Marx: In memoriamJonathan Spargo1910Karl Marx: his life and workClara Zetkin1913Karl Marx und Sein LebenswerkFranz Mehring1918Karl Marx: The story of his lifeOtto Ruhle1926Karl Marx: Leben und WerkDavid Riazanov1927Karl Marx and Frederick Engels: an introduction to their lives and worksInstitute of...

How to do econometrics properly Always, but always, plot your data. Remember that data quality is at least as important as data quantity. Always ask yourself, “Do these results make economic/common sense”? Check whether your “statistically significant” results are also “numerically/economically significant”. Be sure that you know exactly what assumptions are used/needed to obtain the results relating to the properties of any estimator or test that you...

I took this article and broke it into different parts. If it does not make sense, blame me and not the Insider author. This is a different topic but along the lines of student loans which Alan Collinge of Student Loan Justice has been fighting. Republicans support these companies. Democrats are pushing back. Fomer students are holding the five and six digit debt. And no one has fixed the damn problem allowing OPMs to do this. DeJa’Vu just like the...

from Asad Zaman  Maeshiro (2016) in “The Capitalist Religion and the Production of Idols“, writes that Capital is the God, and Capitalism is the religion of modern society. Gauthier’s review of Nelson’s Economics As Religion states that “economics became the modern theology that replaced traditional theology as the set of doctrines that give meaning to our social reality and hope to our endeavors to improving our lives … (Nelson analyses) the works of the major twentieth century American...

På tio år har  — som SVT: granskning visar — Thorengruppen tjänat sammanlagt 944 miljoner kronor. Ägaren, Raja Thorén, har tagit 81 miljoner kronor i aktieutdelning. I Sverige år 2023 låter vi friskolekoncerner med undermålig verksamhet få plocka ut skyhöga vinster — vinster som den svenska staten gladeligen låter dessa koncerner ta av vår skattefinansierade skolpeng. Dessa smarta välfärdsplundrare har överlag en högre lönsamhet än näringslivet i sin helhet, men när man väl...