Free Markets, Free People

Dale Franks

Dale Franks’ QandO posts

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Observations: The QandO Podcast for 02 Dec 16

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Dale announces that he has been smoke-free for 24 hours, but declines to say whether he can actually quit smoking. We’ll see. Trump picks some cabinet members, then sticks his finger in China’s eye. Good thing Jim Mattis is gonna be SecDef. SJWs are ridiculous. A fantastically interesting conversation about the Gold Standard occurs. We bemoan the regulatory state. Then we notice the Democrats seem to have learned no lessons from the recent election; Nancy Pelosi retains her leadership of House Democrats, who apparently think 60 seats lost under her leadership isn’t enough. The ACA is collapsing.

This week’s podcast is up on the Podcast page.

Observations: The QandO Podcast for 19 Nov 16

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Both Dale and Michael are mentally exhausted, resulting in a long, rambling, disjointed podcast, beginning with a long, dull story about buying a new motorcycle. They then move to Trump’s nominees for various positions, all of whom are, of course, racists as bad as Hitler, or just superannuated GOP hacks. College is increasingly useless, so that bubble should die already. Google safe search is your friend.

This week’s podcast is up on the Podcast page.

Observations: The QandO Podcast for 11 Nov 16

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Our long, national nightmare is truly over, and the Clinton Dynasty no longer hangs over our neck like a millstone. No one saw the Trump victory coming, even though they should’ve. The Left is having the biggest temper tantrum ever, while Democrats have the worst electoral result since Reconstruction. Prediction: Donald Trump will not put gays and Jews into camps. Obama’s response to the Trump win has been gracious and the nation should appreciate the peaceful transition of power. Who’s going to pay for the big infrastructure program? Will The Wall be built (We already know who’ll pay for that if it is)? In 1980, Ronald Reagan was an “amiable dunce” who’d get us into a nuclear war. In 1988, we thought of him differently. Will we think differently of Donald Trump when his presidency ends? The podcast ends on a note of, unbelievably, cautious optimism.

This week’s podcast is up on the Podcast page.

Observations: The QandO Podcast for 04 Nov 16

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The presidential race is tightening. Or is it? We don’t know. We don’t know anything. Will Twitter die, and if so, whatever will we do? The Cubs win the World Series. Brexit? Not so fast. Google got two AI’s to talk to each and built their own encryption for their conversation, and now, no one knows what they’re saying to each other, which is not frightening at all. The AIs are coming. Virtual Reality is on the way, too, and you can already buy porn for your Oculus Rift. The New Puritans need to be slapped down. Thank goodness for the Obama Era’s racial healing.

This week’s podcast is up on the Podcast page.

Observations: The QandO Podcast for 28 Oct 16

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There’s a chicken-duck-woman thing waiting for us. The FBI seems to have reopened the email investigation on Hillary Clinton, because Anthony Wiener is the gift that keeps on giving. I thought we had already established that she was above the law, so there’s no need to address this moving forward. Vladimir Putin is a scary guy. The Chinese are somewhat less so. Apple’s new Macbooks have no touchscreen and a shitty keyboard. On the other hand, they’re 30% more expensive, so theres that. Obamacare is crashing, so expect to have single-payer health care in the next four years.

This week’s podcast is up on the Podcast page.

Economic Statistics for 27 Oct 16

September durable goods orders slipped -0.1%. Ex-transportation orders were up 0.2%, but core capital goods orders fell -1.2%.

The Pending Home Sales Index rose 1.5% to 110.0 in September.

The Kansas City Fed Manufacturing Index was unchanged at 6 in October.

Initial weekly jobless claims fell 3,000 to 258,000. The 4-week average rose 1,250 to 253,000. Continuing claims fell 15,000 to 2.039 million.

The Bloomberg Consumer Comfort Index 1.6 points to 43.9 in the latest week.

The Fed’s balance sheet fell $-13.1 billion last week, with total assets of $4.454 trillion. Reserve bank credit fell $-4.6 billion.

The Fed reports that M2 money supply fell by $-9.3 billion in the latest week.


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Economic Statistics for 26 Oct 16

New home sales rose 3.1% in September, to a solid 593,000 annual pace. Year-on-year, new home sales are up 30%.

The nation’s trade gap in goods narrowed sharply in September, to $-56.1 billion vs a revised $-59.2 billion in August.

Markit’s PMI Services Flash for October rose sharply, up 2.9 points to 54.8.

The MBA reports that mortgage applications fell -4.1% last week, with purchases down -7.0% and refis down -2.0%.


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Economic Statistics for 25 Oct 16

The FHFA House Price Index rose 0.7% in August, following July’s strong 0.5%.

More subdued is the S&P Corelogic Case-Shiller HPI, which, unlike the FHFA data, shows only a 0.2% increase for August. On a year-over-year basis, Case-Shiller is up 5.1%.

The Conference Board’s Consumer Confidence Index fell from 104.1 to a weaker-than-expected 98.6 in October.

The State Street Investor Confidence Index rose 3.6 points in October to 99.1 from September’s revised 95.5. 

The Richmond Fed Manufacturing Index rose to -4 in October from -8 in September.

Redbook reports that last week’s retail sales growth fell back to 0.3% on a year-ago basis, from the previous week’s 1.0%.


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