Hey, this is a copy and paste article by Andrew Sprung at Xpostfactoid. He does a nice job of explaining the technical aspects of expanding the ACA and making it more liberal in providing greater Commercial Healthcare Insurance benefits to more US citizens. He also discusses what could happen if we make Biden’s healthcare extensions […]
New housing construction for September shows a big decline on the surface, but underneath shows stabilization This morning’s report on September housing permits and starts looks very negative on the surface, but on closer examination shows continuing stabilization in new home construction, following the general stabilization of mortgage rates this year. Housing starts (violet in […]
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Leaders like Lukashenko, Duterte, Erdoğan, Bolsonaro, Orbán, and Trump*; do they indeed represent a global move toward authoritarianism? Or, is there perhaps another explanation? Was there something specific that brought these once titular democracies to such a state of state; a common underlying reason for this lots rise to power? Did the world change, or, […]
A lie can travel halfway around the world before truth can get its boots on Anonymous (often attributed to Twain) Trust in government has been declining in the United States for decades. Although skepticism about government can sometimes help us avoid policies that are harmful or unfair, low levels of trust are troubling for two […]
September industrial production turns down, but no major cause for concern Industrial production is the King of Coincident Indicators. This morning’s report for September was negative, and August was revised downward, taking total production back below pre-pandemic levels. Total production decreased -1.3% in September, and the manufacturing component decreased -0.8%. The August reading for each […]
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Why The Late Janos Kornai Did Not Get The Nobel Prize Apparently yesterday Janos Kornai died in Budapest at the age of 94. He was the greatest analyst of the socialist system there was. Indeed, his personal life saw the full history of it in in his native land of Hungary, where, being Jewish, he […]
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Michael Smith Farmer and Agricultural Economist, “Farmers need more space for crops to meet mounting demand”- AgResource | Reuters Dan Basse of AgResource Co. analyzes the impacts of biodiesel and is throwing up a potential issue. Reuters interviewed an agronomist who is closely watching the budget reconciliations and the spending of a $350 billion yearly […]
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Kawasaki Heavy Industries plans (2018) to restructure rolling-stock operations amid heavy losses, exploring such options as quitting the business and teaming up with other companies. This is unusual for a major Japanese firm to pull out of an industry, a country, and the United States. Or at least I find it unusual having worked for a Japanese company […]
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Focus on Fracking: US oil price at a 7 year high; largest US oil inventory build in 7 months; global oil shortage at 2,400,000 barrels per day as OPEC output is 375,000 barrels per day short of quota. Commenter and Blogger RJS OPEC’s October Oil Market Report Wednesday of this week saw the release of OPEC’s […]
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Bad Biden Foreign Policy I have posted on this previously, but not for a while. The main meme is that for reasons I mostly do not get, Biden has been carrying over a lot of bad Trump foreign policies. Some of them I understand for political reasons, even when they damage the US and world […]
Commenter and Blogger RJS at Market Watch 666 Retail Sales Increased by 0.7% in September after July and August Sales were Revised Higher Seasonally adjusted retail sales rose 0.7% in September after retail sales for July and August were revised higher . . . the Advance Retail Sales Report for September (pdf) from the Census Bureau estimated […]
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Vaccine hesitancy is a serious problem. It is killing people and prolonging the social and economic costs of the pandemic. One possible policy response is to make vaccination mandatory, at least in certain contexts (hospitals, schools, interstate transportation, etc.). Libertarians frequently object to vaccine mandates in uncompromising terms. They exaggerate the risk of vaccine side […]
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Author, Farmer, and Economist Michael Smith briefly talking returns to Cattle Ranchers and profits to meat processors and retail. The beef industry is under fire, we’ve been seeing this for years. We first saw where Smithfield has taken over whole towns for pork production, vertically integrating as much as possible, even to take a cut of […]
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Continuing the conversation concerning Medicare and Medicare Advantage programs – Value Added Healthcare. Background Kip Sullivan and I have had a running dialogue on Value Added (VA) healthcare. This usually starts up with my asking a question, giving my doubts on certain topics, and a back and forth in an exchange of emails. I have […]
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by New Deal democrat Weekly Indicators for October 11 – 15 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. There are a couple of signs that the inflationary surge may be at or just past its peak, mainly in that the costs for ship transportation, which have been soaring for months, have […]
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Another strong month for real retail sales growth; to cope, employers are going to have to sweeten the pot to add employees Real retail sales, perhaps my favorite monthly economic indicator since they tell us so much about average consumer behavior, and are also a good short leading indicator for jobs, were reported this morning […]
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Jobless claims: a renewed downward trend? Jobless claims declined 36,000 this week to 293,000, another pandemic low. The 4 week average also declined 10,500 to 334,500, also another pandemic low: With the exception of the last few years of the last expansion, this level of weekly initial claims would be very low for any point […]
Articles from my Inbox as usual. There is a common thread or threads here of private equity getting more involved. It is bad enough with ACOs buying up medical facilities. We are losing control of healthcare. “Insurers are taking decisions out of the hands of physicians, says ortho surgeon,” beckersasc.com Dr. Grant Shifflett: I don’t want […]
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According to American libertarians, the dangers of covid authoritarianism are clearly on display in Australia. We’ve looked at some of these claims before. Here is some additional context from Van Badham, writing in today’s New York Times: Last week, the myth of our enslavement propelled aspirational allies into the streets. In the United States, Poland and Britain, distinctly non-Australian […]
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