The Angry Bear

“Academics and freedom of speech,” The one-handed economist, David Zetland The First Amendment of the US constitution reads: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. The purpose of a constitution (ably explained...

Weekly Indicators for January 8 – 12 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. There are almost always a few interesting ripples in the pond. In the past month, notably there has been the sudden collapse in YoY tax withholding payments. I’m not too concerned yet, but if it goes on much longer, it would portend some serious employment weakness. Another such ripple, among the long leading...

Producer prices flat, commodities decline, confirming shelter as sole inflationary pressure  – by New Deal democrat Once again producer prices confirmed that the only significant problem in inflation is shelter. In December commodity prices declined -1.3%. For finished goods they declined -1.2%. Even producer prices for services were unchanged: On a YoY basis, commodity prices are down -3.2%, finished goods prices down -0.2%, and...

Our current economic model, premised on profits and returns, consumption, and growth — on greed, has proven to be problematic for the environment, society, and governance.*   Over time, humans have inflicted grave damage to the land, forests, rivers, streams, and atmosphere. Some of this was in the interest of survival. A lot more was done in the interest of greed. Of late, we have done especially grave damage to the atmosphere by burning...

What Charles is telling us is the 21+ million new ACA enrollees is a record. What he also adds at the end of his commentary is this is not the final number. There are more uncounted enrollees to be added to this number from after Christmas. Record year for healthcare coverage. This is good news. BOOM: Biden-Harris Admin announces over 21.6M ACA enrollees thru 12/23, record high w/a week or more left to #GetCovered!, ACA Signups, Charles Gaba...

and we have no one to blame but ourselves. J. P. Jefferson suggested this opinion piece on December 19, 2023. I just ran across J. P. Jefferson’s recommendation again or for the first time, sigh. I just do not remember. I was able to sign into this WSJ Kevin Williamson piece even though I do not have a paid subscription. Sometimes and when you create a logon, they let you have so many freebies per month. Hoping you will subscribe to their...

Thank you for your comments. Bill

Consumer inflation remains all about the lagged effect of house prices  – by New Deal democrat Consumer inflation in December continued to be a tale of the relative importance of gas prices vs. the lagged effect of home prices. Headline inflation increased 0.3%, and was up 3.4% YoY. YoY headline inflation has bounced between 3.1%-3.7% for the past 6 months, i.e., ever since the gas price peak of June 2022 passed out of the YoY comparisons....

My friend Gunter grew up in the German Democratic Republic (“East Germany”). He eventually established himself as a professor at the Genetics Institute at Martin Luther University Halle-Wittenburg, He first came to my attention through a series of papers he published in the early 1980s that I read as a postdoc. Then, in the summer of 1986, I got to attend a meeting on the Molecular and Developmental Biology of Drosophila, sponsored by the European...

The good news on jobless claims continues  – by New Deal democrat The recent streak of very positive news on jobless claims continued this week. Initial claims declined -1,000 to 201,000. The four week moving average declined -250 to 207,750. With the usual one week delay, continuing claims declined -34,000 to 1.834 million. The first two are close to their post-pandemic lows of one year ago, and continuing claims are the lowest since the...