RT — Question More (Russian state-sponsored media)The British are showing signs of goodwill to China, but they aren't the ones calling the shots [Like the French and Germans, the British are calculating the economic cost of decoupling from China. The US apparently hasn't done the math yet.]Timur FomenkoIndia PunchlineWhither Ukraine’s counteroffensive? [MKB argues that apparently some in the US deep state are fed up with the Biden administration's costly foreign policy and military policy...

from Lars Syll Trygve Haavelmo — with the completion (in 1958) of the twenty-fifth volume of Econometrica — assessed the role of econometrics in the advancement of economics, and although mainly positive of the “repair work” and “clearing-up work” done, he also found some grounds for despair: We have found certain general principles which would seem to make good sense. Essentially, these principles are based on the reasonable idea that, if an economic model is in fact “correct” or “true,”...

MARX view on Capitalist society

Subjective probability — answering questions nobody asked Solve for x — give a single, unique number — in the following equation: x + y = 3. Of course, it cannot be done: under no rules of mathematics can a unique x be discovered; there are one too many unknowns. Nevertheless, someone holding to the subjective interpretation of probability could tell us, say, “1 feel x = 7.” Or he might say, “The following is my distribution for the possible values of x.”...

They’ve had zero or negative rates for like the last 25 years … but watch NOW the Art degree morons are going to say the zero interest rates caused their figure of speech “inflation!”… lock it…Breaking: Tokyo inflation comes at a FILTHY 3.8%, above virtually every single forecast. Core, core inflation hits 41-year high pic.twitter.com/77zvKUQalD— David Ingles (@DavidInglesTV) April 27, 2023

SWP Report 2023 | United Nations Population Fund, unfpa.org) In November 2022, the world population eclipsed 8 billion people. For many of us, it represents a milestone the human family should celebrate. A milestone of people living longer, healthier lives, and enjoying more rights and greater choices than ever before. If you have not noticed India eclipsed China in population. At the bottom of the chart, each area of Earth is color coded to...

Manufacturing and construction start out the month’s data to the negative side  – 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 only has the index...

I never gave this a thought. Never thought I was being tracked and my personal data spread. I do get a lot of trash mail which I block or send to phishing or junk. Maybe some of you have issues with Facebook? Double checking the information for clarity and accuracy. ~~~~~~~~ Facebook users can apply for their portion of a $725 million lawsuit settlement, NPR, Eyana Archie Facebook’s parent company, Meta, is doling out the payments to...

Operating with negative equity?

 First Republic Bank was forced into a take over by J.P. Morgan Chase, and was yet another Californian victim of bad banking risk management. My bias was that First Republic was not large enough to worry about, so I cannot offer any insights into the event. My main complaint is that this appears to be another bank that blew itself up with interest rate risk, which makes my life of writing a banking primer more difficult. I had always made allowances for bad bank risk management in the United...