The Angry Bear

Why the Index of Leading Indicators failed  – by New Deal democrat I have a post by the above title up at Seeking Alpha. The Index of Leading Indicators has persistently declined for 22 months, and is off by a level that in the past has been consistent with already ongoing, deep recessions. And yet the economy has continued to improve. Clearly there has been a misfire. The above article explains in more detail why I believe this has...

Doing my usual internet walkabout and looking for things which may be interesting to present at AB. Rental Housing costs and Mortgage costs are important in trying to find reasonable housing. A reader does not have to travel far to pick up on this topic. Angry Bear’s features New Deal democrat, who also covers similar topics every day. You can also read Bill McBride (Calculated Risk) comments on similar topics. At one time, Bill wrote at Angry Bear...

As suggested by New Deal democrat, the nation is experiencing an expansion of the economy which seems less likely to end in a recession. “There has been some commentary that continuing claims mean a recession is imminent or may even be underway. I am discounting that because initial claims have always signaled first, and also because continuing claims have been in the range of 25%-30% higher YoY for the last 6 months without worsening. Turning...

Initial jobless claims confirm benign employment conditions  – by New Deal democrat Initial claims declined -14,000 to 209,000 last week, and the four week moving average declined -750 to 220,000. With the usual one week lag, continuing claims declined -22,000 to 1.840 million: On a YoY basis, both weekly claims and their four week average were up only 4.6%. Continuing claims, which have been much more elevated YoY, were up 24.0%:...

Much of this information is taken from HuffPost, my experiences traveling from Michigan to Upstate New York monthly, and crossing back and forth into and out of Canada at the Niagara Falls Bridge Crossing. It is hard to misbehave on the Rainbow Bridge crossing going from Niagara NY to Niagara Ontario or vice versa. There is usually traffic and it is closely monitored. What was an innocent trip changed after 911. Surveillance was stricter as were...

Lloyd Alter’s adds a new CO2 or carbon pollution commentary on Carbon Up Front which follows many of his other commentaries on the issue. They can be found here. All of which address the issues of our advanced civilization slowly poisoning the world with a continued release of CO2. His latest article identifies the worst emitters of CO2 amongst us. Tax the rich before they kill us all, Carbon Upfront, Lloyd Alter A new OXFAM report finds that...

Existing homeowners with 3% mortgages remain frozen in place, as sales fall to a new 28 year low  – by New Deal democrat October marked yet another month in the fully bifurcated housing market, in which most existing homeowners are frozen in place by their 3% mortgages, and buyers have turned to new homes (and in particular condos and apartments) instead. Existing home sales fell yet again, by 16,000 annualized, to 3.79 million, 45% down...

On Thanksgiving, enjoying the bounty of foods native to the New World  – by New Deal democrat Happy Thanksgiving to all readers of this old-fashioned blog. One little fact I did not know until this year is that, with just a couple of exceptions, all of the foods that we traditionally put on the table for Thanksgiving dinner all are native to the New World:, including: Turkey Cranberries Squash Cornbread Potatoes Green...

With high, flat fronts are 45% more likely to kill. Carbon Upfront, Lloyd Alter.  You might think it’s time I stuck to upfront carbon, but new research from the Insurance Institute for Highway Safety (IIHS) looks specifically at how dangerous these are for pedestrians. The numbers are shocking, with pickups and SUVs like this 45% more likely to kill. Open Thread November 18 2023 – Bidenomics, Angry Bear....

Dan and I would put up holiday salutations each holiday. It was customary for both of us to do so. Many of you, we have known for a long time. We appreciate your reading Angry Bear and your comments to our posts. I hope you all spend have time for family and friends today. Time is fleeting in life. I hope this finds you all well, with friends and family, or with strangers to celebrate. My wife and I were standing in line at a nice...