The Angry Bear

August jobs report: deceleration shows up in spades  – by New Deal democrat My focus remains on whether jobs growth continues to decelerate, particularly manufacturing and residential construction jobs, but also total construction and goods production jobs as a whole; as well as watching for the increase in jobless claims to translate into a higher unemployment rate (a leading relationship that it has had for over 50 years). And, with help...

To pull off the project, the company will almost certainly have to use the state’s initiative system to get Solano County residents to vote on it. The hope is voters will be enticed by promises of thousands of local jobs, increased tax revenue and investments in infrastructure like parks, a performing arts center, shopping, dining and a trade school. What Moritz is talking about is a concept called Mixed Village Use. A village or a town which is...

These people are the lowest of the scum. They were always a shady type of business. There efforts were to target low-income neighborhoods. There actions are to keep their customers victims on a never-ending cycle of dependence through predatory practices. The high-interest rates and fees makes it difficult for borrowers to repay the loan. It results in a cycle of debt. Accordingly, and more recent, states have banned the practice of payday loans....

YoY initial claims restart the yellow caution flag, suggest unemployment will rise towards 4.0%  – by New Deal democrat I’ll post on personal income and spending a little later. But first, initial jobless claims declined -4,000 to 228,000 last week. The more important 4 week average increased 250 to 237,500. With a one week delay, continuing claims increased 28,000 to 1.725 million: For forecasting purposes, the YoY% change is more...

Not Everything We Call Cancer Should Be Called Cancer, rsn.org. The NYPD Denied Our Request for Body Camera Footage of a “Friendly Fire” Killing. Here’s How We Got It Anyway, ProPublica, Mike Hayes. Clarence Thomas officially discloses private jet trips on GOP donor Harlan Crow’s plane, CNN Politics, Ariane de Vogue and Devan Cole. Stay away from Arizona. That’s what Canada essentially is telling its people, msn.com, Phil Boas. Arizona...

In the last post “Trump, Biden Policies Shifted Trade from China, Study Shows,” voanews.com, (read again if needed) we were talking about China sneaking its parts into the US through Mexico and Vietnam. The VOA article is the same as shown on Bloomberg. As you read that post, I think you will see I had real issues with being able to sneak the same Chinese parts out of those countries and into the US. Furthermore, for either country to manufacture...

July JOLTS report: is the game of reverse musical chairs in employment ending?  – by New Deal democrat For the past 18 months, I’ve likened the job market to a game of reverse musical chairs, where there are more chairs put out by potential employers than there are job applicants willing to fill them. Also for many months, I have noted the gradual deceleration in that game. July’s JOLTS report not only continued that trend we’ve seen for the...

This is mostly about commercial charging stations for companies. However, the company does offer a home version which I have added a picture and the pricing. Not cheap. It does solve the issue of where do I charge my vehicle? Not endorsing this as it is early on in the introduction of EVs and barely touching on the economics of an EV. Still, my Detroit attachment to automotive. The other factor(s), needing to be brought to the forefront is the...

I just finished “War and Punishment: The story of Russian oppression and Ukranian resistance” by Mikhail Zygar. I’ve read several books on Russian and Ukranian history written by historians. Zygar isn’t a historian, and the style of this book is more of a reporter, albeit one describing history.The writing here is vivid, if somewhat quirky. Zygar toggles frequently between present and past tense, which is sometimes distracting but can enliven the...

Frozen homeowners mean record low inventory, meaning existing home prices have stopped declining  – by New Deal democrat Before discussing this morning’s reports on existing home prices, let’s start with a look at new listings and total active listings of housing inventory, which are very instructive: This information is not seasonally adjusted, and obviously follows a seasonal pattern. The important thing to notice is that since late last...