For now, result means more to the scientific community than it probably does for those pining for a new commercial electricity alternative….Proof of concept is one thing and an important step, but scaling is an entirely different matter. This result simply proves the possibility of nuclear fusion being harnessed is greater than zero, as many previously thought to be the case. Scaling is not yet even on the drawing boards.Asia TimesWhat the US nuclear fusion ‘breakthrough’ actually means...

[embedded content]Victor Margariño explains labor theory of value to Vaush Marx sets his theory of value within the capitalist (or bourgeois) mode of production: "The wealth of those societies in which the capitalist mode of production prevails, presents itself as 'an immense accumulation of commodities'..." (Marx 2010, first sentence of chapter 1) Feudal societies, with lords and serfs, and classical societies, such as the Roman empire with its slaves, present other modes of...

I am not the only one who sees issues with the way railroad workers are on call 24/7 with any time off being canceled or workers being subject to penalization if missing the call. Biden could have pushed harder to resolve this labor issue. Just like siding with financial issues, Jow Biden sided with Railroad corporate interests. ~~~~~~~~ Infidel753: Tell Biden to do the right thing, Infidel753 Blog, 06 December 2022. Since Congress voted...

November CPI: Thank you, gas prices! No thank you, owners’ equivalent rent  – by New Deal democrat Just like producer prices as reported last Friday, consumer prices for November confirm the inflection point of last June. Thank you, lower gas prices! Here’s what total and core (ex-food and energy) inflation look like, normed to 100 in June: Since June, overall consumer inflation has increased 1.0%, so is increasing at a 2.2% annual rate....

Rents decreasing, CPI slowly decreasing, and questions on whether any of this is due to the FED’s actions. Industrial production is still the same and gasoline prices have dropped. According to New Deal democrats’ analysis, real sales and real income have increased (still lower than they were one year ago), and payrolls have continued to increase but at a decelerating rate. Jobless claims have not yet reached the signal a recession point yet. If the...

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Because of the seriousness of the world situation, I have decided to get back in the business of doing interviews (which I do not enjoy doing). Here is a link to my interview (13/12/2022) on RT CrossTalk discussing “New Globalization?” In that connection, here is a link to a paper (written in 2018) titled “The […]

My feeling is that although it is too early to declare victory over high inflation rates, I think we are closing in on closer to “normal” dynamics — by the standards of the post-1990 era. I believe that there are still areas of stronger pricing power, but some of the excesses have been unwound, so that we end up with more mediocre inflation prints. At least we would if the housing component of CPI — constructed to be a very slow-moving series — settles down. The market rent series that I...

Here are some things I think I am thinking about: Housing, housing, housing. If I had to distill my current macro outlook down into a sentence or two it would be “watch everything housing related”. Housing is going to steer the US economy and inflation in the coming 24 months and the current high mortgage rates create an unusually high level of risk to both house prices and consumer demand. But let’s dig into this a little deeper. 1) Shelter and inflation. Today’s CPI report...