Budget Fog and Budget Clarity

by on May 23, 2017

On a clear day we can dream of being free from the farce and incompetence that is Trump. Meanhwile back in reality ...

The Trump [more…]

Economy Base Level

by on January 29, 2017

We are, no doubt, about to be barraged by a torrent of alternative facts concerning the economy and economic growth under our new leader. So [more…]

GDP and Other Complex Numbers

by on January 20, 2016

When investment advisors want to justify their expensive and ineffective advice they look for red herrings to batter their clients with. One such example surfaced [more…]


by on July 7, 2015

So we reach the end. Good. Let democracy and popular government prevail. The entire Euro project was conceived by a small group of elitist technocrats, [more…]

What Sustainability?

by on December 9, 2013

I can understand why capitalists are opposed to democracy: the impulse of the masses is - usually - to redistribute some of the loot downwards [more…]

Signs of Life? Part 2

by on December 5, 2013

Yesterday's reports of economic strength have been followed by a couple of similar reports today. We are spoiled by good news. Well sort of.

The [more…]

US Economy Grows 2.8%

by on November 7, 2013

Don't get too carried away by today's report on the economy. Growth of 2.8% in the third quarter is nothing to be happy about because [more…]

Who Cares About Default?

by on October 8, 2013

In this fast moving and ridiculously puerile crisis of ours we are being treated to an equally fast paced run-through of right wing fantasy. As [more…]

The Austerity Flop

by on September 24, 2013

A very quick thought:

The obsession with the federal deficit is misleading if you want to consider the effect of austerity here in the US. [more…]

Mid Summer Blues

by on August 5, 2013

No I haven't disappeared. This is mid-summer and the living is supposed to be easy. And it would be were it not for the perpetual [more…]