The Angry Bear

[unable to retrieve full-text content]Mexico buys about $300 billion worth of goods from us every year, mostly machinery, oil, autos, food and office equipment. If Trump imposes a 25% tariff on Mexican imports, you can be sure that Mexico will retaliate, at the expense of American jobs. Meanwhile, Mexico will certainly be looking to source these goods from China […] The post The Trump tariffs won’t actually happen appeared first on Angry Bear.

[unable to retrieve full-text content]but not for the reasons we generally remember. – by Prof. Heather Cox – Richardson, Letters from an American The Pilgrims and the Wampanoags did indeed share a harvest celebration together at Plymouth in fall 1621, but that moment got forgotten almost immediately, overwritten by the long history of the settlers’ attacks on their Indigenous […] The post Thanksgiving is the quintessential American holiday . . . appeared first on...

[unable to retrieve full-text content]One of the first observed and best known errors people make when told probabilities is the Allais paradox.  People put too much weight on rare extreme outcomes.  This means that choices people make different choices when asked to choose between two  lotteries with the same probabilities of the same outcomes depending on how they are […] The post The Allais Paradox appeared first on Angry Bear.

[unable to retrieve full-text content]For 4 decades I have been trying to deal with, what seems to me to be a contradiction between empirical results. Kahneman and Twersky note two things. One is diagnostic expectations – people over react to useful signals of membership in a group – diagnostic symptoms.  One example is that red hair is diagnostic of […] The post Diagnostic Expectations vs Anchoring appeared first on Angry Bear.

[unable to retrieve full-text content]Consumer Price Index as taken from the Bureau of Labor Statistics. I have done “nothing” to alter this report. This was not a bad report. People are reacting to past issues with pricing and costs. Unless Trump is bluffing with his tariff’s threats, I would expect some major increases in prices and costs as countries […] The post Consumer Price Index – October 2024 appeared first on Angry Bear.

[unable to retrieve full-text content]I missed this piece from May of this year. Been too busy trying to maintain a blog rather than write or find excellent articles to present at Angry Bear. I apologize for the later. Me writing? you just have to live with it for now till more authors become a regular occurrence here. This piece […] The post Ending Medicare Advantage Overpayments appeared first on Angry Bear.

[unable to retrieve full-text content]Angry Bears I will attempt to have something up to read this Thursday (Thanksgiving). I believe Joel will be on and off also. He has not put in for vacation yet. But then we do not pay for holidays! 🙂 I am also traveling on the 3rd of December to Chicago. My time in Chicago […] The post Thanksgiving Holiday plus Some appeared first on Angry Bear.

[unable to retrieve full-text content]Made in America returns! Consumer-goods supplier Reckitt Benckiser is looking to respond faster to shifts in demand for over-the-counter pharmaceuticals by moving more of its manufacturing to the U.S., its largest market. Reckitt is investing $200 million into a factory in Wilson, N.C., that it acquired last month, part of an effort to rewire its supply chain […] The post Coming to America . . . More Manufacturing appeared first on Angry...

[unable to retrieve full-text content]– Israel Agrees to Cease-Fire With Lebanon’s Hezbollah—But What About Gaza?, Common Dreams. After months of slaughtering those not responsible, then you ask for a truce? “A cease-fire agreement between Israel and Hezbollah appeared to be within reach on Monday amid reports that Israeli Prime Minister Benjamin Netanyahu repeatedly scuttled diplomatic efforts in recent months. – The Global […] The post...

[unable to retrieve full-text content]Back when Trump rebranded NAFTA as “USMCE,” here’s what he said about it: “We have negotiated this new agreement based on the principle of fairness and reciprocity…. This is a terrific deal for all of us….This new deal will be the most modern, up-to-date, and balanced trade agreement in the history of our country…. With […] The post USMCA used to be “a fair deal for everybody” appeared first...