Labor Day

Posted on by | 10 Comments

The election of 2016 is still over a year away,  but on this Labor Day we can feel something brewing.  Democrats are being called back to their basic values of standing up for working people, especially with the tremendous crowds that Sen Bernie Sanders is drawing. Republicans also feel a need to be more populist in a turbulent fight that feels like just about anything might happen.  The people of the US are clearly in the mood for more support for working people.

If we can only get it together for once something great may happen.  I, for one, think it’s going to take a much deeper understanding of our core values and what is really happening around us before we can make it happen.

Continue reading →

A Critical Weekend

Posted on by | 7 Comments

Monday is Labor Day.  This is a critical day for labor in America because its success is about to define our economic future, at least for the next few months.  By the time you read this, you may know how many jobs were officially created in August.  If it was 220k or more a September increase in the Fed Funds rate is likely.  If it was under 180k there probably will not be a rate increase.

The ADP Employment Report, which is less prone to noise in the first place, came in with a middling 190k gain in jobs.

What’s great about this is that Labor’s success in the last month could kill the stock market, pitting labor directly against investment.  There’s nothing productive about that arrangement, but it highlights how strange the world has been.  This oddly critical holiday is a good time to recap some of the topics that Barataria has gone over the last few months.

Continue reading →

A Hell of a Show

Posted on by | 11 Comments

The NFL season starts in just over a week, and it looks like the Dolphins may have a chance this year …

Football is the most intellectual of all the major sports in the USofA.  Go ahead, laugh, but it’s true.  All those breaks between plays are more than time for wagging commentary and the occasional Bud commercial, they are a chance for the coach to send in a play that one side will attempt to execute while the other tries to foil it.  Raw athletic ability is often thwarted by a clever plan or a quick wit that sees past it.  Amid the changing fronts of trench warfare that form the game, a good General is what it takes to win.

But there’s a lot more to football than that.  What we’ve learned from the NFL in particular is how important it is to set up a system where everyone has a chance and the rules are evenly enforced.  It’s America at its best.

Continue reading →

The Idiot Diet

Posted on by | 7 Comments

We have been too serious lately, and too heavy on economics.  It’s time for the State Fair in Minnesota, and thoughts naturally turn to food.

People diet for a lot of reasons.  Some want to lose weight and others just want to be healthier.  Many of the big fads seem to be more of a social thing, something people do with friends when there isn’t anything good on teevee.

It’s hard to call yourself a real blogger if you don’t write about a diet at some point, so it’s high time for the Barataria approach to better living.  It’s called the “Idiot Diet”, and it’s very simple – never eat anything you don’t understand.

This can cause a lot of trouble if you know something about food already, since a little knowledge is often a dangerous thing.  But with time the harmony of mind and body will set you free with a developing sense of smugness that makes a good stand-in for health in a pinch.

Continue reading →

Drama Over Yet?

Posted on by | 10 Comments

The stock market has rallied for two days, with the S&P500 back at 1987 from its low of 1869. It’s still down 6.8% from its peak of 2130, set in May, (and nearly matched just a month ago) and down 3.5% for the year. It’s almost like the crash never happened, right?

Well, no. But there is a lot of good news for the underlying economy, some of which came in this week. The really good news is still out into next year, which is essentially forever to this market. We have to get over an interest rate hike, which will definitely come this year no matter what you read elsewhere, and a lot of jitters.

Continue reading →

About That Rate Increase …

Posted on by | 17 Comments

The stock market ended down for a sixth day in a row, with the S&P500 at 1869. It’s right at the low from last October of 1862, meaning that we either find support here or look out below. To date, it’s off 12.2% from its 2130 peak.

The bloodletting has one thought on everyone’s mind, at least the one thing other than “When does it stop?” The question of the day is “Does this kill the Fed’s desire to raise interest rates?”

The market was betting against a rise before, and it’s more convinced than ever that a rise in the Fed Funds Rate is not coming. But there should be a rise for one very strange reason – it may actually lower interest rates and stimulate the economy. Seriously. We’re still in Bizarro Economic territory and this could be the moment we finally get out of it.

Continue reading →

For What It’s Worth

Posted on by | 15 Comments

For an election that’s more than a year out, this one sure is making a lot of noise. And, like most noise in an election, it’s about 90% (cowpuckey). But if you listen closely, there may be something very big happening just beneath the surface. It’s not very loud yet, but it may reverberate into some beautiful music.

The sound that you may not hear is the progressive left getting its act together.

With the fans of Sen Sanders going after Sec Clinton – and getting a little bit in return – it’s hard to see how this band is going to come together. But after Clinton’s confrontation with Black Lives Matter (BLM) something wonderful has happened – people seem to be listening. If we all start doing more listening and a little less “speaking up”, as the left is wont to do, this may yet come together.

Continue reading →