Many of you know me from my telling of past experiences. Here is one more to add to the pile. A recent email to me about an employment opportunity in automotive. My return email to the headhunter. Renaldo: Thank you for your interest.  Having been trapped between Engineering and the plants over the years where I was working was an experience. No amount of logic would sway their demands for what they wanted regardless of their being a part of...

Real final sales and inventories as portents of recession  – by New Deal democrat As I have mentioned previously from time to time, I read people who have interesting things to say even if their worldview is very different from mine. One such person is Mike Shedlock, a/k/a Mish. He’s an aggressive libertarian and has a long track record as a Doomer, but he frequently parses some thought-provoking economic data. It makes me think, even if I...

You want to understand toughness? Resilience? Focus? Success? Watch this. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

Short slide presentation, mostly numbers.ECNS (Chinese official English news service)Number of Chinese netizens rises to 1.06 billionStaffLong-form article with details also at ECNSThe report shows the internet environment has continued to improve, and the increase of Internet of Things (IoT) terminals has promoted the connection of everything.5G is already widespread and increasing quickly.Number of Chinese netizens rises to 1.06 billion; internet availability rate reaches 75.6%Also at...

Note: this is an unedited draft chapter section from my inflation manuscript. I am not too happy with this, but perhaps getting savaged on the internet might give me some additional things to add. This section follows more detailed discussions of equities and residential real estate.We will now conclude this chapter with some general comments on the relationship between inflation and the overall financial markets. What we see is that there are some areas of direct linkage between inflation...

Good is bad and bad is good!

I agree with Charles Gaba. Medicare Advantage is not much better than Commercial Healthcare Insurance. To wit, it is Commercial Healthcare Insurance gussied up to look like FFS Medicare. The extra benefits given to enrollees in Medicare Advantage comes from FFS Medicare expenditures. Furthermore, the companies providing healthcare to those on Medicare bid low and are paid high: “benchmarks and payments remain above FFS spending levels. We estimate...

Open thread Feb. 24, 2023 – Angry Bear (angrybearblog.com) Tags: open thread

Jobless claims: the situation remains, ‘all system go’  – by New Deal democrat Initial jobless claims declined -2,000 last week to 190,000, while the 4 week moving average increased 1,750 to 193,000. Continuing claims, with a one week delay, increased 5,000 to 1,655,000. All of these remain excellent numbers: To repeat my meme over the past year, virtually nobody is getting laid off. It’s almost impossible to have an economic downturn with...