Angry Bear

July Retail Sales Lay an Egg

July retail sales lay an egg; a hangover after a spring Budget Bust-out Bill binge?”  – by New Deal democrat Let me start out this post with two comments: (1) real retail sales is one of my favorite economic indicators, because it tells us so much about consumer spending, which is about 70% of the […]

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Will AI be too big to fail?

Businesses fail all the time in America. The owners and investors pay the price (yes, the employees too). But if the businesses are large banks that gamble with other peoples’ money, they become too big to fail and instead are bailed out by the government, a form of financial socialized medicine. “. . . the […]

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The Rise and Fall of . . .

But, but, but Biden was too old. Not Tr__p! Trump is a solipsist. The only point of reference is himself, so he makes no attempt even at faking interest in other people, since he can not really see them from his self-centered position. “Trump isn’t a narcissist – he’s a solipsist. And it means a […]

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Quote of the day

When a columnist writes that Trump has reached a new low, the columnist is doing something that looks like moral reporting and is not. The columnist is administering the fiction that the object has an interior. The fiction says: somewhere, in there, is a person who could have chosen otherwise, and today he did not, […]

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Producer prices indicate continued inflationary expansion

“Producer prices indicate continued inflationary expansion, but how long can it last?”  – by New Deal democrat I usually do not pay much attention to producer vs. consumer prices. Partly that is because in the past few decades, the PPI has tended to be coincident with the CPI rather than leading it, and partly because […]

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John Roberts needs to read the Constitution

There’s an article in the latest New Yorker on Chief Justice Roberts. In it, he’s quoted as saying: “Only the President (along with the Vice President) is elected by the entire Nation.” What an embarrassing and easily falsifiable lie. Anyone with a passing familiarity with the US Constitution and the first GW Bush and Trump […]

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A Turn of the Screw by Republicans to make Voting harder

Just so you know, the issue is not dead. Tr__p is calling in every resource he can to limit or block mail voting.. 12 states responded in a SCOTUS brief in support Trump’s Executive, order. Another 23 states and the District of Columbia responded asking SCOTUS to deny the other 12 states and Tr__p’s EO […]

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Monetizing Medicare for All

Sound economic projections are critical in assessing investment and public policy. I try not to let the fact that I’m philosophically valanced towards Medicare for all blind me to the need for rigorous study of its likely economic impact. “Previous research has shown that shifting the United States to a Medicare for All system could […]

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Jobless claims continue to forecast . . .

Jobless claims continue to forecast a very positive economy in the near term  – by New Deal democrat Let’s take our regular weekly look at one of the most positive recent signs for the economy, “initial and continuing jobless claims.” And they continued to be very positive. Initial claims rose 9,000 for the week to a […]

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