Saturday, May 16, 2015

Weekly Indicators for May 11 - 15 at

 - by New Deal democrat

My Weekly Indicator post is up at  The overly strong US dollar has put the industrial sector of the US economy into a shallow recession, and brought the wider economy to a complete standstill.

Friday, May 15, 2015

International Economic Week in Review: More Disappointing US Data, Edition

This is over at

What's killing steel is the same thing that's ailing rail

 - by New Deal democrat

I have a new post up at

The main culprit behind recent poor US economic performance is now pretty clear.

I Finally Have An Explanation For John Hinderaker

     How can a person who is literally 100% wrong on economic analysis continue to think they have something to say?  Now I know. 
The Dunning–Kruger effect is a cognitive bias wherein unskilled individuals suffer from illusory superiority, mistakenly assessing their ability to be much higher than is accurate. This bias is attributed to a metacognitive inability of the unskilled to recognize their ineptitude.
Hinderaker just doesn't recognize his stupidity because he's that stupid.