Power & Market
Reflections on Last Friday’s Jobs Report: The News Still is Bad
Stocks reacted positively to the jobs report released Friday morning before selling off sharply that afternoon on geopolitical fears.
Current State and Federal Schemes to Bribe Voters are Totally out of Hand
Men are not infallible; they err very often.
3 Months of QT Down
Three months have passed since quantitative easing officially began.
Biden Declares “MAGA Republicans” Enemies of the State
The optics of the event were likely the idea of a proud Biden staffer leaning into the “Dark Brandon” aesthetic that has become popular among regime loyalists on Twitter. To Americans outside of this Very Online echo chamber, the imagery drew connotations of sinister authoritarian regimes.
The Fed’s Tough Year
The Federal Reserve cannot reliably forecast economic outcomes, or what the results of its own actions will be, or even what its own actions will be. Of course, neither can anybody else.
California’s Unemployment Fund is Insolvent, Far Surpassing Other States
I recently dug into our government’s convoluted unemployment insurance system.
