Angry Bear

Is SCOTUS receptive to a textualist argument, apparently not

This is funny (to me at least): Somewhat reworded article at Slate. “If she made one, Solicitor General Elizabeth Prelogar’s mistake was assuming this SCOTUS would be receptive to a textualist argument curbing the power of conservative judges under a Democratic president. When the White House falls back into Republican hands (if it does as […]

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New Deal democrat’s Weekly Indicators for November 28 – December 2

Weekly Indicators for November 28 – December 2 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. First the long leading indicators turned. Then the short leading indicators turned. Now the coincident indicators are weakening to new expansion lows almost every week. The silver lining is: the first […]

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November jobs report: decidedly mixed signals

November jobs report: decidedly mixed signals, most consistent with a still-growing but decidedly weakening economy  – by New Deal democrat  Since early this year I have expected employment to follow the halt in consumption growth, decelerating over time to a stall. This has only intensified given the major decline in growth in payroll withholding […]

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A Tale of Two Recoveries

A Tale of Two Recoveries podcast from the Roosevelt Institute compares the recoveries between now and the Great Recession. What’s Changed since the Great Recession? The shifts in economic policy thinking over the last decade helped produce today’s record-breaking recovery. Heidi Shierholz: “The economy is not like the freaking weather, right? Like it really is […]

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Census and WaPo at Odds Over Effect of Inflation on Low-Income Families

As I read Dean Baker’s perspective on Low Income families, I find it hard to believe. The market in the Southwest has dried up due to high prices and interest rates. One or the other has to be lower to attract buyers. Builders have not lower prices and bank rates have remained high. One builder […]

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October Manufacturing (near record low) and Construction Decline

November manufacturing and October construction both decline, the former almost at recessionary levels  – by New Deal democrat As usual, we begin the new month’s data with the ISM manufacturing index. This index has a very long and reliable history. Going back almost 75 years, the new orders index has always fallen below 50 within 6 months […]

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Economic Policy After the Midterm Elections

Economic Policy After The Midterm Elections  Will economic policy change much aa a result of the midterm elections? After all, the GOP has taken the House of Representatives, if only narrowly, with inflation and the economy supposedly the top issue, especially for those supporting the GOP. Will this reappearance of “divided government” have an impact […]

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Strong personal income and spending – near record low in saving

Strong personal income and spending contrast with near record low in saving  – by New Deal democrat Like retail sales earlier in November, personal income and spending both rose smartly, as shown in the below graph of real retail sales compared with real personal spending: Real personal income was up 0.4%, and real personal spending increased […]

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jobless claims get closer to signaling recession

Initial jobless claims get closer to signaling recession  – by New Deal democrat Today is one of those data-palooza days, so I’ll put up separate posts on personal income and spending, and the ISM manufacturing report and construction spending reports later. But let’s start with weekly jobless claims, and the news here is OK for […]

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The Inflations

Inflation is defined as a significant increase in the price of most goods and services in an economy over a short period of time. No controversy. Or, is there? And, … since inflation is likely but an effect, a symptom; the real question might should be, “What are the causes of inflation?” It is always […]

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No complacency after the election

Infidel753: No complacency after the election Democrats have every right to celebrate the results of this month’s election.  The red wave fizzled out.  The Republicans took the House majority by only a tiny margin, which will be rendered unworkable by their own flaming-nutball fringe.  Democrats held the Senate and will probably get to 51-49 after […]

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What News Was in My In-Box, Nov. 30, 2022

Healthcare and the Environment appear to be the issues talked about in this installment of links. It was pretty clear this week in what showed up in my In-Box. Two of the topics I marked with the hope you might read them. Healthcare Insurance Claim denial and also Solar Panel efficiency. Not surprised healthcare insurance […]

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Oct JOLTS report: Job Market deceleration and Job Opening Gap

October JOLTS report shows continued deceleration in jobs market, with continuing gap in job openings filled  – by New Deal democrat For the past year, I have likened the jobs market to a game of reverse musical chairs, where there are more chairs than players. Some chairs are always left empty. The chairs are jobs, […]

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The Inflations

Inflation is defined as a significant increase in the price of most goods and services in an economy over a short period of time. No controversy. Or, is there? And, … since inflation is likely but an effect, a symptom; the real question might should be, “What are the causes of inflation?” It is always […]

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Three days of deliberations after Eight Weeks of Trial . . . a Conviction

“November 29, 2022,” Letters from an American, Prof. Heather Cox Richardson Today, after an eight-week trial and three days of deliberations, a jury of five women and seven men found Elmer Stewart Rhodes III, 57, the founder and leader of the right-wing Oath Keepers gang, and Kelly Meggs, 53, who led the Florida chapter of […]

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House price indexes continue to show the top is in

– by New Deal democrat House price indexes continue to show the top is in The FHFA and Case Shiller house price indexes were reported this morning, with both continuing to show that the peak in house prices took place during the summer. For the month, the seasonally adjusted FHFA index rose +0.1%, vs. a […]

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Are railroads to blame for the rail strike threat?

Just doing a review of the potential strike being by railroad workers. To sum up the issue(s), proposed wage increases barely keep up with inflation, health care premiums nearly doubling, and a lack of paid sick days in the agreement. It doesn’t sound like that much of a big deal. More in a bit. In […]

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The Struggle for Hegemony

by Joseph Joyce The Struggle for Hegemony The restrictions by the Biden administration on the sale of semiconductor chips and the equipment to manufacture them represent a new stage in the division between China and the U.S. The belief that increased trade would lead to a convergence of Chinese and U.S. interests faded years ago. The history […]

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