Friday, May 17, 2019

2:00PM Water Cooler 5/17/2019

Today’s Water Cooler: NAFTA metals tariffs, Biden and Trump in PA, Sanders on charters, thinning the Dem field, AOC v Big Pharma, Obama legacy, leading indicators, consumer sentiment, e-commerce, Tesla, John Deere, the Old River Control Structure, citizen science, Grumpy Cat

How to Pay for the War

Updating a classic Keynes discussion of war financing for MMT and the Green New Deal.

Links 5/17/19

Gregory Travis and Marshall Auerback: Anatomy of a Disaster – Why Boeing Should Never Make Another Airplane, Again

Is Boeing itself on a crash course?

Peak Gasoline Vehicles Is Already Here

Some rare good news on the climate change front: a demand peak for gas guzzlers.

Wolf Richter: Subprime Bites – Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years

A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.

Announcing Birmingham Meetup Thursday May 30

Hope you can make this month’s Birmingham meetup!

Permaculture, the Health of the Soil, and Climate Change

Permacultural practices can successfully return carbon to the soil, forming a carbon sink.

2:00PM Water Cooler 5/16/2019

Today’s Water Cooler: China trade war, Biden, Buttigieg and Mad Magazine, Gravel, Klobuchar, O’Rourke gets a haircut, Sanders canvassing operation, Warren. AOC, DCCC, abortion, online shopping, Google, Tesla, Florida real estate, freezing executive salaries, hip-hop

Links 5/16/19

How Kentucky Tried to Make the Country’s Worst-Funded Public Pension Plan Even Worse

Many public pension funds are in a very deep underfunding hole, and too many are resorting to high fee investment strategies that at this point in the cycle are costly hopium. Gordon Hamlin, a pro bono advier to public pensions, sets forth a strategy for the most deeply underfunded state pension, the Kentucky Retirement System.

Why We Need New Measures of Potential Output—and What They Tell Us

Economists and policy makers are waking up to the fact that estimates of what is possible in the economy – “potential output” – are way off: this paper explains why.

“There Is No Alternative” to Managing the Economy and the Climate

Why the US needs to embrace an industiral policy to combat climate change.

2:00PM Water Cooler 5/15/2019

Today’s Water Cooler: Boeing and China, Biden, Sanders, Trump, party affiliation, Socialism at Brookings, Stacey Abrams, retail sales, industrial production, manufacturing, SuperMicro, FaceBook, Boeing stiffs Congress on documents, Wood-Wide Web, Game of Thrones, homelessness, J.D. Vance.

British Government Passes the Buck to Sweden Where the Military Offense Exclusion Protects Julian Assange From Extradition to the Us

The UK looks likely to welcome to pass the Assange hot potato to Sweden….which could turn out to be a lucky break.