Daily Economy
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All Cause Mortality in the United States During 2021
“The existing data is not proof that the vaccines are causing deaths due to Circulatory diseases. The burden of proof, however, lies with the CDC and FDA to prove that the vaccines are not causing deaths due to spike protein.” ~ Gilbert G. Berdine
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Stagflation Pales Compared to America’s Dirty Growth Diamond
“America’s dirty Growth Diamond portends stagnation. Policymakers would do Americans the most service by actually cleaning up the diamond, especially home plate, rather than pretending to do so or claiming that it is already as clean as it gets.” ~ Robert E. Wright
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Consumer Sentiment Begins 2022 with a Drop
“Consumer sentiment weakened again in January as consumers reacted to Covid and high prices. Some easing of supply-chain issues, policy actions by the Fed, and consumer spending decisions will all contribute to the future pace of economic activity and price pressures.” ~ Robert Hughes
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Filibuster Chatter Speaks to Problems With Policy, Not Institutions
“The answer to a stalled agenda isn’t tearing up the rule book and drawing a new one that suits you better. The answer is better policy. It’s not easy, but that’s the job Biden set out to do.” ~ Dan K. Eberhart
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Bad History Leads to Bad Politics
“Any progress will be slow, but our politics arguably depend on it. The American experiment will not survive if Americans don’t understand why it happened and what makes it so unique.” ~ Garion Frankel
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New Covid Variant – Same Government Blunders
“We know that mistakes in allocating medical goods to treat patients only make a challenging situation worse. The government has made many of these mistakes, and it doesn’t seem to be learning from them.” ~ Raymond J. March
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Core Capital-Goods Orders Hold at a Record High Level
“New orders for core capital goods remained strong in December. Continued strength for business investment is a positive sign for the economic outlook.” ~ Robert Hughes
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Inventory Accumulation Boosts Real GDP Growth in the Fourth Quarter
“Inventory accumulation boosted headline GDP growth while private domestic demand posted a modest gain. With continued pressure on prices, the Fed is moving to a tightening cycle, boosting the risk of a policy mistake.” ~ Robert Hughes
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Weekly Initial Claims for Unemployment Benefits Fell in the Latest Week
“Weekly initial claims for unemployment benefits fell back from a three-month high in the prior week and remain at a very low level by historical comparison. Most data suggest the labor market remains very tight.” ~ Robert Hughes
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Thomas Piketty Strikes Again
“The obvious problem is that Piketty has his own sacrosanct vision, one where a powerful central government orders people about so that they don’t interfere with the grand scheme of equality.” ~ George Leef
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•
All Cause Mortality in the United States During 2021
“The existing data is not proof that the vaccines are causing deaths due to Circulatory diseases. The burden of proof, however, lies with the CDC and FDA to prove that the vaccines are not causing deaths due to spike protein.” ~ Gilbert G. Berdine
-
•
Stagflation Pales Compared to America’s Dirty Growth Diamond
“America’s dirty Growth Diamond portends stagnation. Policymakers would do Americans the most service by actually cleaning up the diamond, especially home plate, rather than pretending to do so or claiming that it is already as clean as it gets.” ~ Robert E. Wright
-
•
Consumer Sentiment Begins 2022 with a Drop
“Consumer sentiment weakened again in January as consumers reacted to Covid and high prices. Some easing of supply-chain issues, policy actions by the Fed, and consumer spending decisions will all contribute to the future pace of economic activity and price pressures.” ~ Robert Hughes
-
•
Filibuster Chatter Speaks to Problems With Policy, Not Institutions
“The answer to a stalled agenda isn’t tearing up the rule book and drawing a new one that suits you better. The answer is better policy. It’s not easy, but that’s the job Biden set out to do.” ~ Dan K. Eberhart
-
•
Bad History Leads to Bad Politics
“Any progress will be slow, but our politics arguably depend on it. The American experiment will not survive if Americans don’t understand why it happened and what makes it so unique.” ~ Garion Frankel
-
•
New Covid Variant – Same Government Blunders
“We know that mistakes in allocating medical goods to treat patients only make a challenging situation worse. The government has made many of these mistakes, and it doesn’t seem to be learning from them.” ~ Raymond J. March
-
•
Core Capital-Goods Orders Hold at a Record High Level
“New orders for core capital goods remained strong in December. Continued strength for business investment is a positive sign for the economic outlook.” ~ Robert Hughes
-
•
Inventory Accumulation Boosts Real GDP Growth in the Fourth Quarter
“Inventory accumulation boosted headline GDP growth while private domestic demand posted a modest gain. With continued pressure on prices, the Fed is moving to a tightening cycle, boosting the risk of a policy mistake.” ~ Robert Hughes
-
•
Weekly Initial Claims for Unemployment Benefits Fell in the Latest Week
“Weekly initial claims for unemployment benefits fell back from a three-month high in the prior week and remain at a very low level by historical comparison. Most data suggest the labor market remains very tight.” ~ Robert Hughes
-
•
Thomas Piketty Strikes Again
“The obvious problem is that Piketty has his own sacrosanct vision, one where a powerful central government orders people about so that they don’t interfere with the grand scheme of equality.” ~ George Leef