As promised I won’t fill angrybearblog with my thoughts on biology which is not economics and about which I have no credentials to claim to be an expert. Instead I will post it at my personal blog.

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Since this is off topic for AngryBear I will post future CAR posts at my personal blog https://rjwaldmann.blogspot.com This post is a restatement and extension of the first post in the series CAR Crazy which discusses ex vivo treatment of killer T-cells with Chimeric Antigen Receptors (CAR) designed to cause the T-cells to kill cells […]

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JOLTS report for December shows mild improvement in most metrics, anticipates stabilization in wage increases  – by New Deal democrat The monthly JOLTS reports give us a more granular look at the employment sector, but are delayed by one month vs. the jobs report. Like the jobs reports, most JOLTS series have shown deceleration for […]

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You are going to see the same pie chart further on down in Paul Krugman’s piece. I placed this pie chart in the beginning here so as to give readers an idea just how big the outlays are for the USAID. In comparison, Musk’s mighty achievement is .006% of the total. But there is more […]

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Until 2021, I didn’t pay much attention to the housing market. At that point, we’d lived in the same house for 34 years. There was no Zillow when we bought that house, and we bought directly from the owner, without an agent. We ended up using an agent to buy our house in Rhode Island. […]

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Per Heather Cox Richardson: “. . . Donald Trump, sparked a crisis last Friday when his White House press secretary, Karoline Leavitt, announced that he fully intended to go through with the trade war he had hyped on the campaign trail. Trump announced he would levy tariffs of 25% on most products from Mexico and […]

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Trump’s Hedge Fund Guy Is Now Overseeing the U.S. Treasury, IRS, OCC, U.S. Mint, FinCEN, F-SOC, and the Consumer Financial Protection Bureau

By Pam Martens and Russ Martens: February 4, 2025 ~ Donald Trump has placed a man with no prior government experience, Scott Bessent, in charge of overseeing a sprawling network of federal agencies that are tasked with operating and protecting the financial system of the United States. What did Bessent do previously to qualify for this powerful position? He ran a hedge fund, Key Square Capital Management LLC, with 25 employees. But, more important to the transactional world of Donald Trump, Bessent gave $1.25 million to PACs supporting Trump and tens of thousands of dollars to state and national Republican parties and candidates. Bessent was sworn in as U.S. Treasury Secretary on January 28. In that position, Bessent sits at the helm of a federal agency that includes the IRS; the Office of the Comptroller of the Currency (OCC), which regulates national banks; the Bureau of Engraving and Printing (of U.S. currency); … Continue reading →

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Many people in a survey cited inflation as the reason for financial difficulties than any other cause. Inflation reached a 40-year high of 9.1% in June 2022 and has yet to return to the Fed’s target of 2%. And as we all know, we were in amidst of a pandemic to which many economic entities took advantage […]

The post What were or are Americans’ main financial challenges since 2020? appeared first on Angry Bear.

ISM manufacturing index in January the strongest since 2022  – by New Deal democrat Although manufacturing is of diminishing importance to the economy, (it was in deep contraction both in 2015-16 and again in 2022 without any recession), the ISM manufacturing index remains an important indicator with a 75+ year history of accurately describing that […]

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World’s richest person making life difficult by cutting development assistance and aid Somewhere within all the issues Congress has to deal with, with this administration, there must be a day of reckoning coming. I can not imagine Republicans being too thrilled with the damage trump and his pissant are creating. In less than two years, […]

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Personal income and spending for December: more “steady as she goes” but with late cycle characteristics -by New Deal Democrat The December personal income and spending report showed that for the huge consumption sector of the economy, “steady as she goes” continued, as both nominal and real personal income and spending rose again in December. […]

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I haven’t written about Trump, tariffs, and trade wars because there is plenty of smart commentary out there, and because I really had (and have) no idea how the whole thing will play out.  It seemed plausible to me that Trump might be dissuaded from launching a destructive full scale trade war, that he might […]

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As Elon Musk Begins Shutting Down Payments to Federal Contractors, a Strange Money Trail Emerges to His Operatives Inside the U.S. Treasury’s Payment System

By Pam Martens and Russ Martens: February 3, 2025 ~ Elon Musk is the billionaire CEO of the publicly-traded EV company, Tesla. As such, under corporate law, he owes a Duty of Loyalty to Tesla. Notwithstanding this well-established law, Musk is engaged in an array of other corporate endeavors outside of Tesla, including being the CEO of SpaceX, a private rocket company. SpaceX is a major federal contractor to NASA and the Department of Defense. See our report: The U.S. Government Is Plowing Billions into SpaceX, Overlooking Drug Use, Sex Parties, and Elon Musk’s Coziness with Putin. Now, the New York Times, Wall Street Journal, Bloomberg News, and a host of other media outlets are reporting that Musk has used his 2-week old position as the head of a Donald Trump faux agency – the Department of Government Efficiency (DOGE) – which Trump created out of thin air last month by Executive … Continue reading →

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Did Biden think he (or Harris) was certain to win the election?  A competent executive knows that high priority initiatives need their constant attention to overcome bureaucratic resistance and infighting.  This is true in the private sector and in government.  Yet this is what we got from Biden: In the final year of President Joe […]

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Ninety-one year old Senator Chuck Grassley is prompting Kash Patel to restore his version of the public’s trust in the FBI. I kind of wonder what trust of which he speaks. I think we already know he is referring to Republicans. It is hard to know what the public believes as they do not know […]

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rjs at r.j.’s space sent this pice as written by MD Jeremy Faust. Apparently’ the CDC is going to restrict the use of certain words in research manuscripts. Gender, transgender, etc. appears to be the forbidden words as well as non-binary, nonbinary, assigned male at birth, assigned female at birth, etc. This was also done […]

The post Some Breaking Medical News on February 1 appeared first on Angry Bear.

For the past century, Republicans have used the words “Marxist,” “Socialist” and “Communist” as epithets to refer to anything and everything they disapprove of. Now that a generation of Americans that was born after the collapse of the Soviet Union has come of age, those swear words have lost their potency. Looks like “DEI” is […]

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Trump has said that “tariff” is the most beautiful word in the dictionary. Last Friday, he announced his intention to shine that beauty on the American people. “Outside analyses make clear that Trump’s tariffs would hurt the voters that he intended to help, meaning that he might ultimately need to find a resolution. “An analysis […]

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The least trustworthy name in news, buried in the 13th graf: Democratic lawmakers have argued it would be illegal for Trump to unilaterally eliminate a federal agency without consulting Congress. This is not a question of whether something is blue-green, aqua, or cyan. This is a matter of fact. You might think a news organization […]

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Personally, I’ve never had a weight problem. Always had a BMI under 24. But I’ve known plenty of people who were overweight or obese. For the ones who started taking semaglutides, the results have been transformative and the risks for most have been negligible. But don’t take my word for it. Here’s Dr. McGowan, a […]

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