Angry Bear

January personal income and spending: Goldilocks is knocking at the door

January personal income and spending: Goldilocks is knocking at the door  – by New Deal democrat Personal income and spending has become one of the two most important monthly reports I follow, because it nets out the impacts of higher interest rates and abating inflation due to the unlinking of the supply chain. Because real […]

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Time to Rebuild an Island

I was stationed in Cuba at GITMO for almost a year. Came back stateside every 4-5 months. I could not tell you much about the country itself. We did get people coming over the fence to escape. Not sure what happened to them. I think it is about time we loosen up on this island. […]

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Black journalists always knew what Confederate monuments really stood for

A way-to-long-time in coming. These monuments should have been removed decades ago to begin the healing the wounds caused by Black Slavery. A good read by Donovan Schaefer as taken from The Conversation. October 2023 and nearly seven years after the deadly Unite the Right white supremacist rally, the statue of Confederate General Robert E. Lee in […]

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Initial jobless claims still very positive, especially YoY

Initial claims still very positive, especially YoY  – by New Deal democrat Before I get to this morning’s personal income and spending report, let’s get the latest weekly update to jobless claims out of the way. New jobless claims rose 13,000 to 215,000, while the four-week moving average declined -3,000 to 212,500. Continuing claims, contrarily, […]

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Stand your ground

When we moved to Missouri in 1982, it was a purple state. In the last decade, it has become progressively more extreme right-wing. Now, in Missouri and more than 30 other states, each citizen is their own well regulated militia with the powers of judge, jury and executioner. Law-abiding citizens become collateral damage with no […]

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Open Thread February 29 2024 “The Republican Party is dying as Trump and his supporters take it over . . .”

February 28, 2024, Letters from an American, Prof. Heather Cox Richardson Past Open Thread February 21 2024 Is Late Economic Reporting the Cause of Bad Perceptions as New Deal democrat says? Angry Bear.

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Supreme Court Decides on hearing trump’s Immunity Appeal

As told to us by Joyce Vance at Civil Discourse. This afternoon, the Supreme Court told us that it will hear Trump’s presidential immunity appeal. After sitting on it for two and a half weeks, they’ve issued a brief grant of certiorari, scheduling argument for the week of April 22. It’s a major disappointment for […]

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The state of freight

The state of freight  – by New Deal democrat There’s no significant economic news today. Yesterday we did get durable goods orders, which are an official leading indicator. I don’t pay too much attention to them, because they are so volatile. Thus yesterday’s big -6.1% decline (blue in the graph below) is more likely than […]

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Michigan awards GM $1bn in incentives for new electric cars

Michigan has always been in the hunt for new model manufacturing in Michigan. This one pitched by Michigan to GM is nothing new. Just another state buying a company by funding its stay. I can find my records on this, Michigan owes $billions to corporate Michigan. This all started with Governor Engler. Companies are used […]

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Repeat sales house price indexes continue to increases on par with past expansions

Repeat sales house price indexes continue to increases on par with past expansions  – by New Deal democrat House prices lag home sales, which in turn lag mortgage rates. Yesterday we got the final January reading on sales. This morning, we got the final monthly (for December) read on prices, for repeat sales of existing […]

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Kroger and Albertsons selling hundreds of stores in a bid to get FTC approval

This merger would only make groceries higher in cost. The economies of scale would not be passed along to consumers. Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceries, QUARTZ The Federal Trade Commission has sued to block the $24.6 billion acquisition of Albertsons by rival […]

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Louis DeJoy’s USPS plan will delay the delivery of the Mail

The Postal Service is the only carrier with a legal obligation to provide all the various aspects of universal service. The disruption at the USPS started about a year ago when DeJoy decided first class mail would not be moved by air to the western part of the nation from the east or vice versa. […]

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City mouse, country mouse

Over at jabberwocking.com, Kevin Drum takes on Paul Krugman over his assertion that small-town America is aggrieved because the working-age men are more likely to be unemployed than their metropolitan counterparts. As usual, Kevin brings the charts and numbers to show that while Krugman isn’t wrong, the differences are small and don’t explain “white rural […]

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Trump administration’s Impact on the ACA and the marketplace: (Part 1)

The Trump administration and the ACA marketplace: An assessment (Part 1), xpostfactoid, Andrew Sprung. In the wake of Trump’s vow to repeal the ACA if elected, Larry Levitt, EVP of health policy at the Kaiser Family Foundation, outlines the former president’s past and purported future healthcare agenda. Trump certainly meant harm to the ACA. His comments […]

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Renewables 2023, Analysis and forecast to 2028

Renewables 2023, Analysis and forecast to 2028. IEA, Paris Executive Summary I did this before with the IEA. Sent the IEA a few emails establishing what Angry Bear could and could not use. Attributing the analysis I have posted here was one of the requirements. With their permission, I can bring to Angry Bear much […]

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New home sales and YoY prices change little; expect sideways trend to follow similar recent trend in mortgage rates

New home sales and YoY prices change little; expect sideways trend to follow similar recent trend in mortgage rates  – by New Deal democrat This week we conclude January’s housing market data with repeat sales prices tomorrow, and new single family home sales, which were reported this morning. Per my usual caveat, while new home […]

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Rein in Misuse of Medical Prior Authorizations

Factual story, not quite a year old. and more than likely still, still having relevance. Prior authorizations for care before getting it should not be problematic. Prior authorization should have been far easier. Except some healthcare insurance use delays to discourage patients. Indeed. one would think no more than 24 hours would be needed for […]

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Is More Work Better? Think Again?

Is More Work Better? Think Again? The freedom of free time, branded as unproductive “leisure,” gets no respect. Originally published at Wealth Economics This post is prompted by a recent tweet from the excellent Joey Politano, but it’s not singling out Joey in particular. “We could be working so much more.” It’s hard to come away with […]

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