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Recent Posts
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Category Archives: Policy
The Washington Sausage Factory
Click here for better resolution of the above graphic.
Posted in Policy, Politics, Uncategorized
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The Plan Is, There Is No Plan
None, nada, just more Potemkin noise, the hallmark of this administration, coupled with massive gaslighting. It’s up to the Governors now to get it right and land the plane. The Trump campaign strategy now seems to be keep whiping up the … Continue reading
Posted in Economics, Policy, Politics, Uncategorized
Tagged False choices, Opening the economy
7 Comments
It’s Time For Capitalists To Help Save Capitalism
It looks the lock down in much of the country is going to last a bit longer than expected. Small businesses account for a large portion of U.S. GDP and employ almost half the U.S. workforce. Most of these companies … Continue reading
Creative Destruction 3.0 Meets Roaring ’20s 2.0
Creative destruction refers to the incessant product and process innovation mechanism by which new production units replace outdated ones. It was coined by Joseph Schumpeter (1942), who considered it ‘the essential fact about capitalism’. The process of Schumpeterian creative destruction … Continue reading
Posted in Economics, Employment, Energy, Policy, Politics, Technology
Tagged Bankruptcy, Camera, Eastman Kodak, Film
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When 50 Percent Of U.S. Households Were Insolvent
Not that long ago, by the way. My good friend, David Jones, sent over some new data this past weekend. We have been busy. Our First Take Not a lot of prose tonight as we will let the data and … Continue reading
Posted in China, Economics, Policy, Politics, Uncategorized
Tagged Bottom 50 percent, Household Net Worth, Top 1 percent, Wealth Inequality
1 Comment
Midterm Political Economy Rorschach Test
President Trump and President Obama were in a big pissing match over the weekend on who should get credit for the current healthy economy. Take our Rorschach Test by viewing the inkblots economic charts and you decide. Then take the … Continue reading
Posted in Economics, Policy, Politics, Uncategorized
Tagged Midterm Political Economy Rorschach Test, Rorschach Test
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U.S.-German Trade, Stagflation & World Current Accounts
We have updated our ranking of the world’s 2018 Current Account Balances (CAB) by country from largest surplus o largest deficit in the ginormous table below. The data are from the recent April 2018 IMF’s World Economic Outlook database. Before checking … Continue reading
Posted in Euro, Germany, Policy, Politics, Uncategorized
Tagged Germany, Trade Deficits, U.S., World Current Account Balances
8 Comments
Why ‘Deaths of Despair’ May Be a Warning Sign for America
I do worry about a world where the rich get to write the rules which the rest of us have to obey……We might be on the edge of a precipice. – Angus Deaton Must view. Confirms our view of a … Continue reading
Posted in Policy, Politics, Poverty, Uncategorized
Tagged Angus Deaton, Despair, Suicides
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Tweet of the Day: Italy’s Impossible Trinity
"Italy lives through a euro-zone impossible trinity: you cannot be in the euro, honour your public debt, and have a broadly stagnant economy." @terzibus quoting @FrancescoPapad1 on #ItalianElections & economy #ElezioniPolitiche2018 #elezioni2018 >> https://t.co/t7NzHE3Gyp pic.twitter.com/3oUAMydS8D — Bruegel (@Bruegel_org) March 4, … Continue reading
POTD: DoJ Flipping Off The President?
It is heating up, folks. Keep it on your radar. Scoop: Besieged Sessions dines with Rosenstein If Donald Trump finally follows through on his rage and fires Jeff Sessions, the image with this story will be printed in history books. Tonight … Continue reading