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Kevin Drum 🕸

Pre-recessionary? That’s probably an understatement.

3 months 2 weeks ago
Paul Krugman says today that the economy is looking "pre-recessionary." He blames the Fed: What’s especially galling about the current situation is that we may be about to snatch defeat from the jaws of victory. As of right now, America has basically achieved what many economists had considered impossible: a soft landing, in which we ...continue reading "Pre-recessionary? That’s probably an understatement."
Kevin Drum

Lunchtime Photo

3 months 2 weeks ago
Behold the Lagoon Nebula, M8, one of the biggest and brightest nebulas in the Northern Hemisphere. It is, unfortunately, only visible for a few hours each night in July and August, and it's low in the sky. However, I trekked out even farther into the desert than usual this weekend and got some very dark ...continue reading "Lunchtime Photo"
Kevin Drum

Yes, the Fed should lower rates. But not because of the stock market.

3 months 2 weeks ago
Wall Street is panicking over the stock market. Here's what it looks like at the moment I'm writing this: This is not yet even in "correction" territory, let alone a full-blown collapse. But a headline in the New York Times says traders are so panicked they think the Fed might hold an emergency meeting to ...continue reading "Yes, the Fed should lower rates. But not because of the stock market."
Kevin Drum

Trump’s attack on Kamala Harris’s blackness was very precisely aimed

3 months 2 weeks ago
It's sort of fascinating to watch The Big Lie unfold in real time. In this case I'm talking about Donald Trump's assertion that Kamala Harris used to identify as Indian and then switched to being Black when it became politically expedient. Usually there's some small kernel of truth to these kinds of attacks, but this ...continue reading "Trump’s attack on Kamala Harris’s blackness was very precisely aimed"
Kevin Drum

Cooked data: Another look at childless families by political party

3 months 2 weeks ago
A couple of days ago I posted a chart showing that Democrats were more likely to be childless than Republicans. I thought this was mainly due to religiosity, but I wasn't sure. However, a friend emailed me a link to Ryan Burge's substack, called "Graphs About Religion." This is an admirably clear name, and it ...continue reading "Cooked data: Another look at childless families by political party"
Kevin Drum

Kamala Harris needs a few policy statements

3 months 2 weeks ago
Just for the record, it really is true that sometime soon Kamala Harris is going to have to (a) put up a few policy positions on her website, and (b) start giving interviews to the national media. It doesn't have to be tomorrow, but it ought to be pretty soon.
Kevin Drum

Health update

3 months 2 weeks ago
Five weeks down, one to go. I'm almost done with my radiation treatment. I'm pleased to report that the "super sunburn" pain I was warned about hasn't materialized. So far I've gotten a very minor bit of soreness in one or two places, and that's it. With only four treatments left it looks like I ...continue reading "Health update"
Kevin Drum

Why did Bloomberg break the prisoner swap embargo?

3 months 2 weeks ago
Yesterday morning I was wondering why I hadn't seen any new reporting about the prisoner swap the previous night. Charlotte Klein has the answer: For days, various media outlets had been aware — through their own reporting and as information trickled out elsewhere — that a prisoner swap involving American journalists and dissidents was in ...continue reading "Why did Bloomberg break the prisoner swap embargo?"
Kevin Drum

Putin’s prisoner strategy: Just keep kidnapping Germans until they give in

3 months 2 weeks ago
According to the Wall Street Journal, the key figure in the recent prisoner swap with Russia was German Chancellor Olaf Scholz. That's because the main sticking point was the release of Vadim Krasikov, a Russian assassin serving a life sentence in Germany for gunning down a Chechen exile in Berlin: During a meeting in Saudi ...continue reading "Putin’s prisoner strategy: Just keep kidnapping Germans until they give in"
Kevin Drum

No, Trump’s insults yesterday weren’t deliberate

3 months 3 weeks ago
LA Times columnist Anita Chabria ponders what Donald Trump was really up to in his disastrous interview with Black journalists yesterday: Trump offended his Black audience. Mistake or part of the plan? At best, Trump was grabbing headlines that in recent days have slipped out of his grasp.... At worst, the whole thing was meant ...continue reading "No, Trump’s insults yesterday weren’t deliberate"
Kevin Drum