Robert Haveman, RIP, Econospeak, Barkley Rosser  Robert (Bob) Haveman died on June 18, aged 85.  He had been at the University of Wisconsin-Madison since 1970, when I first met him, where he served as Chair of the econ dept., director of the Institute for Research on Poverty, and also Director of the LaFollette Institute for […]

The post University of Wisconsin-Madison Professor Robert Haveman, RIP appeared first on Angry Bear.

People in Democrat majority Michigan are Angry . . . Michigan Legislative Black Caucus offers scathing response (audacy.com) LANSING (WWJ) — The Michigan Legislative Black Caucus, spearheaded by Sen. Marshall Bullock, slammed the U.S. Supreme Court’s decision in the Dobbs v. Jackson Women’s Health case which effectively ended the constitutional right to abortion in the United […]

The post Back in My Old Home State of Michigan appeared first on Angry Bear.

I do not know about you. It is hard not to get or be angry due to January 6 of last year, the constant barrage of garbage coming from Republican Congressional Representatives, and Senators of the same political ilk. We have found few to be redeemable. Then there is a Conservative, nope, call them Republican […]

The post Liars, Originalists, Justices, and Dobbs, Oh My! appeared first on Angry Bear.

It’s hard to focus as I struggle through my second round of Covid, but a few thoughts on Roe. Compromise: Josh Marshall has been advocating loudly for the Democrats to run this year on a pledge to restore Roe.  Maybe this is their best strategy.  But they should consider a compromise along the lines I […]

The post On Roe, offer to compromise with Republicans, and vilify the conservative justices appeared first on Angry Bear.

New home sales rebound, but downtrend in sales intact; prices continue to climb In response to April’s dismal report, I wrote that “new home sales are heavily revised after the first report. It is not unusual at all for big monthly moves like this to suddenly look much less severe when the number gets revised […]

The post New home sales rebound, but downtrend in sales intact; prices continue to climb appeared first on Angry Bear.

“Chaos Theory and The End of Roe V Wade,” Econospeak, Barkley Rosser Probably the most famous characteristic of chaotic dynamics is the phenomenon known formally as sensitive dependence on initial conditions, which is more popularly known as the “butterfly effect.” In such dynamics a small change in a starting value or a parameter value can […]

The post Chaos Theory and The End of Roe V Wade appeared first on Angry Bear.

Tonight, I wish to pull a response from one of my favorite bloggers. It is a good read. I think you will enjoy it too after enduring all of the BS coming out of SCOTUS. Then there is the Republican caused national crisis. It is the proper response to both issues. “There is only one […]

The post There is a proper response to this travesty appeared first on Angry Bear.

Resurrecting the metric: initial claims lead the unemployment rate; no recession signal so far  Initial jobless claims declined -2,000 to 229,000 last week, vs. the 50+ year low of 166,000 set in March. The 4 week average rose from 4,500 to 223,500, compared with the all-time low of 170,500 eleven weeks ago.  Continuing claims rose […]

The post Resurrecting the metric: initial claims lead the unemployment rate appeared first on Angry Bear.

It has been a while since I have listed news articles. Healthcare, Oil, and SCOTUS topics are dominating news today. Colorado is kicking of a Public Option. If successful, it will greatly benefit citizens there. Oil and gasoline are big issues. When taking into consideration inflation, the price today of a gallon of gasoline is […]

The post Healthcare, Oil, and SCOTUS Dominates the News appeared first on Angry Bear.

The post Open thread June 24, 2022 appeared first on Angry Bear.

Listen to Chris Christi babbling to David Muir about the 2000 election and Al Gore losing to Bush. In the same breath, Chris is saying similar about Clinton’s loss to the soon-to-be insurrectionist trump in 2016. Trying, trying to draw a comparison to Democrats losing to Repubs in 2000 and 2016 and their showing just […]

The post Yeah, and Democrats Stormed the Capitol!!! appeared first on Angry Bear.

RJS, MarketWatch 666 ~~~~~~~ Summary: Producer Prices Rose 0.8% in May; Record Annual Increase of 16.6% for Final Demand Goods The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in May, as average prices for finished wholesale goods rose by 1.4% while final demand for services was 0.4% higher. The increase followed a revised […]

The post Producer Prices Up and Record Increase for Final Demand Goods appeared first on Angry Bear.

Housing unaffordability closes in on bubble peaks; expect substantial price declines and increased foreclosures in the likely oncoming recession I last looked at the issue of housing affordability at the beginning of April. As we all know, mortgage rates have continued to skyrocket in the past several months. At present they are just under 6.10%: […]

The post Housing unaffordability closes in on bubble peaks appeared first on Angry Bear.

This is an interesting result I ran across in MSN as taken from Reuters. Both Kip Sullivan and I have written about Medicare Advantage plans over coding patients, resulting in overcharges to CMS Medicare. “Why is CMS Overpaying United Healthcare Medicare Advantage Plans?” – Angry Bear, “Medicare Advantage and Medicare Issues” – Angry Bear, “Kip […]

The post SCOTUS Rebuffs United Healthcare Medicare Advantage appeared first on Angry Bear.

RJS, MarketWatch 666 ~~~~~~~ Summary: Retail Sales Fell 0.3% in May After March and April Sales Were Revised Lower Seasonally adjusted retail sales fell 0.3% in May after retail sales for April were revised 0.4% lower. The  Advance Retail Sales Report for May (pdf) from the Census Bureau estimated our seasonally adjusted retail and food services […]

The post Retail Sales Fell in May, March and April Revised appeared first on Angry Bear.

Existing home sales: the freight train of price appreciation rolls on Although existing home sales are less economically important than new home sales, what has been happening with their prices, given the experience of the housing bubble and bust 15 years ago, is of added importance. The simple summary is that sales have declined substantially, […]

The post Existing home sales: the freight train of price appreciation rolls on appeared first on Angry Bear.

Jean-Paul loved Simone as he could never love anyone else; gave her his heart and, with some great effort, won hers. Simone, she wasn’t one to be particular. Both he and she were Existentialists. Albert, an Absurdist, and Jean-Paul were friends. Simone fell for Albert on first sight. Absurd or not; big minds attract. Absurd […]

The post Oh, The Camus Of It All appeared first on Angry Bear.

Coronavirus dashboard for June 19: documenting the transition from pandemic to endemic ~~~~~~~ The COVID-19 pandemic is ever so gradually transforming into an endemic illness, the major risks of which still mainly fall on seniors. Here is the long-term view of cases (dotted line) and deaths (solid line) in the US: While cases are similar […]

The post Coronavirus dashboard for June 19: documenting the transition from pandemic to endemic appeared first on Angry Bear.

The post Open thread June 21, 2022 appeared first on Angry Bear.

RJS: Focus on Fracking ~~~~~~~ Summary: Global oil surplus at 560,000 barrels per day in May as OPEC output fell to 1.049 million bpd below quota ~~~~~~~ OPEC’s Report on Global Oil for May Tuesday of this week saw the release of OPEC’s June Oil Market Report, which includes details on OPEC & global oil data […]

The post Global Oil Surplus Per Day as OPEC output fell to 1.049 million bpd below quota appeared first on Angry Bear.