The President, Joe Biden, talking about the economy. In many ways, he made the right moves in protecting us from a reoccurrence of a similar 2008 event. This came after WallStreet blew up the economy by gambling, could not ante up, and government did not put enough on the table to rescue the economy. Main Street paid . . . February 15, 2023, Letters from an American, Prof. Heather Cox Richardson President Joe Biden hit the road today to...

AmericanDream.Tumblr.comAfter all, some of the greatest writers churned out their best work later in life. 

[unable to retrieve full-text content]An interview with Gary Null on the longstanding Progressive Commentary Hour, where he asks me to give my State of the Economy briefing.    The post Gary Null Interview – The Rules Are Changing first appeared on Michael Hudson.

Slight decline in housing construction: the negative actual economic impact has not yet begun  – by New Deal democrat Housing permits (gold) increased slightly in January from their December lows, while the more volatile housing starts (blue) declined again. The much less volatile single family permits (red, right scale) also declined again to a new post-pandemic low: This is a very important long leading indicator, and shows that coming...

[embedded content]Noam Chomsky Having A Discussion With An Idiot This is more about current events than usual with me. Patrick Bet David talks to quite a range of people. But he is incapable of listening, partly because he 'thinks' there are two sides, Democrats and Republicans, in the United States today. I stumbled on the above after listening to a discussion with David Pakman, in which Pakman responds at one point with something like, "Some of those words mirror some of what I said."...

2% cumulative over last 8 months … who cares… ofc Art degree monetarist zombies freaking out over their figure of speech “inflation!”… losers…

Initial claims: nobody is getting laid off, but slight weakness in continuing claims compared with 2022  – by New Deal democrat Initial claims remained below 200,000 at 195,000, while the 4 week average increased very slightly to 189,500. Continuing claims increased to 1,696,000, the third highest number in over a year: Holiday seasonality has ended. It continues to be the case that almost nobody is getting laid off. Very slightly on the...

I was catching up with what is going on in the courts. Went to my favorite reference point which involves the ABA and what Lawyer Erwin Chemerinsky thinks. Some commentary on Student Loan forgiveness. SCOTUS will decide if states are suffering from forgiveness of loans. If they collect nothing, which will be the issue, then what is the problem? ~~~~~~~~ The State of Texas filed suit in their favorite pick-of-the-day federal court. Filing in...

My Thoughts I am not sure what Prof. Dean means by elites. Was looking for an explanation. It may have zoomed by me if it is not obviously called out. In the beginning of his commentary, we read of declining population in China. The makeup of the population is older. Been there numerous times going from plant to plant and working with my counterparts there. Marvelous country to explore with the assistance of my associates there. Making the leap...