The Angry Bear

Dilemma . . . Do I make a jump to a mortgage at 6 to 7% just to have a bigger house? There is more to this than just interest rates. Building supplies as NDd mention have been an issue. If they are decreasing in cost, builders can lower prices to help sell new houses. Existing homeowners are still trapped by their 3% mortgages  – by New Deal democrat Higher interest rates have created a bifurcation in the housing market. While builders can...

I have written on women being included in clinical trials in 2019. The article I was asked to write included Clinical Trials, reviewing the issues with Essure, and also Maternal Mortality. Three issues which had much detail and information, difficult to cover it all , and could have been much longer. A Woman’s Right to Safe Healthcare Outcomes, Angry Bear. This article is more recent and includes additional and more up to date detail. The...

Science Fiction When I was growing up, there as not a time when I did not have a book in my hands and reading. One of my favs was science fiction, another was the Civil War, and then the classics. I stumbled upon a short story about futuristic fighter pilots. The issue to the story being it was an even battle between to waring nations. No one could gain the upper hand as computers determined the tactics only to be countered by other computers. One...

AB: The link below the chart developed by Josh Bivens is to find subsidies or funds granted to towns, cities, counties, and states under the American Rescue Plan Act. For example, one small city i live in was granted $6.7 millions to which they wish to apply for an eight-mile water pipeline to an area northwest of the city. It is for new construction rather than improving the infrastructure they already have in place. Mind you, we are living on the...

Weekly Indicators for August 14 – 18 at Seeking Alpha  – by New Deal democrat [First of all, a reminder: I am on vacation for the next week, so don’t expect daily posts, especially if no significant economic data is released.] My Weekly Indicators post is up at Seeking Alpha. While collapsing commodity prices have buoyed the shorter term leading indicators, the renewed increase in interest rates has made the long leading indicators even...

Pharma’s strike-from-all-sides attack on the IRA could be decided by the Supreme Court, PharmaVoice, Alexandra Pecci Pharma Voice reports Merck & Company and Bristol Myers Squibb in separate lawsuits are filing a multi-directional attack on Biden’s IRA using the first and fifth amendment as the basis for their filing. Industry lobbyists and co-litigants have joined with the two companies and include the Eighth Amendment in their filing in...

The importance of 10 (and 20) year new highs in interest rates  – by New Deal democrat As you may have already read elsewhere, interest rates on the 10 year US Treasury just made a new 10+ year high. Perhaps more importantly, 30 year mortgage rates made a new 20+ year high: Both rates are slightly above their previous highs from last October: Almost always in the past, interest rates peaked *before* the Fed finished hiking interest rates....

Successful industrialists financial Wall Street bankers whose business practices were often are considered ruthless and unethical, capturing portions of the market, and bleeding it dry. Not much left of the hollowed-out companies other than a name and the empty buildings they once occupied. Good commentary on Simon and Schuster being bought by KKR. Is Robber Barrons still a term in use? How private equity is destroying the labors of love,...

While Medicaid’s enrollment purge plows on . . . GoozNew, Merril Gooz A few weeks ago, I critiqued the inequities that would inevitably result from a bare-bones universal insurance plan offered by two economists, which I dubbed it “Medicare-for-all lite.” There was one part of their plan that merits serious consideration: Automatic enrollment for everyone in some form of health insurance. The idea isn’t new. But it is particularly relevant now...

Initial claims travelin’ man edition: still below cautionary levels  – by New Deal democrat Initial claims were 250,000 last week. The 4 week average increased to 234,250. Continuing claims with a one week delay were 1.716 million. Most importantly, YoY the4 week moving average is up 9.5%: This is well below the 12.5% YoY increase necessary to trigger a new caution. Jobless claims: a good example of why my forecasting discipline...