The Angry Bear

July 28, 2023 in g’da said Reprise from a Thirsty Thor’sday link. Homeless on the High Desert, Ten Bears ‘Battle plan’: How the far right will dismantle climate programs A coalition of conservative groups has assembled a plan to systematically target most of the federal government’s work on climate and clean energy. It proposes a sweeping deconstruction of government programs that goes far beyond what former President Donald Trump...

Another city and maybe the country having issues securing safe drinkables water for its citizens. Here is the southwest, I do not believe we will be too far behind Uruguay. Still planning to build and building before the Federal governments says no. Cities need to secure their drinking water, The one-handed economist, David Zetland DL sent this NYT article on Montevideo, Uruguay, running out of drinking water. As usual, the poorest are...

Another city and maybe the country having issues securing safe drinkables water for its citizens. Here in the southwest, I do not believe we will be too far behind Uruguay. Still planning to build and building before the Federal governments says no. Cities need to secure their drinking water, The one-handed economist, David Zetland DL sent this NYT article on Montevideo, Uruguay, running out of drinking water. As usual, the poorest are...

July jobs report: almost across the board deterioration in leading sectors  – by New Deal democrat My focus remains on whether jobs growth continues to decelerate, and whether the leading indicators, particularly manufacturing and construction jobs, as well as the unemployment rate (which leads going into recessions) have meaningfully deteriorated. Almost all of these items did deteriorate in July. Here’s my in-depth synopsis....

July jobs report: almost across the board deterioration in leading sectors  – by New Deal democrat My focus remains on whether jobs growth continues to decelerate, and whether the leading indicators, particularly manufacturing and construction jobs, as well as the unemployment rate (which leads going into recessions) have meaningfully deteriorated. Almost all of these items did deteriorate in July. Here’s my in-depth synopsis....

Some Points . . . Healthcare services slight increases as a share of total consumer spending in the quarter, rising from 15.9 percent to 16.0 percent of total consumption and down from 17+ percent. Hopes are healthcare stays at that rate. Structure investment increases at a 9.7 percent annual rate after growing at a 15.8 percent annual rate over two qtrs. Driven by factory construction growing at a 94.0 percent annual rate. Equipment investment...

Some Points . . . Healthcare services slight increases as a share of total consumer spending in the quarter, rising from 15.9 percent to 16.0 percent of total consumption and down from 17+ percent. Hopes are healthcare stays at that rate. Structure investment increases at a 9.7 percent annual rate after growing at a 15.8 percent annual rate over two qtrs. Driven by factory construction growing at a 94.0 percent annual rate. Equipment investment...

Delightful story on how US pharmaceutical companies shift profits overseas. And US citizens are paying the highest prices globally for lifesaving meds which other countries our paying roughly one third. Pharma is also shifting their profits overseas and minimizing US taxes or tax avoidance. One way to avoid taxes is to move intellectual property to the country of choice or the no-tax jurisdictions in the Caribbean and Europe. Parking intellectual...

Delightful story on how US pharmaceutical companies shift profits overseas. And US citizens are paying the highest prices globally for lifesaving meds which other countries our paying roughly one third. Pharma is also shifting their profits overseas and minimizing US taxes or tax avoidance. One way to avoid taxes is to move intellectual property to the country of choice or the no-tax jurisdictions in the Caribbean and Europe. Parking intellectual...

Jobless claims: a good example of why my forecasting discipline demands a confirmed trend  – by New Deal democrat Initial jobless claims for the last week of July rose 6,000 to 227,000. The 4 week average decreased -5,500 to 228,250. Continuing claims, with a one week lag, rose 21,000 to 1.7 million: The YoY% change is much more important for forecasting purposes. There, initial claims were up 4.1%, the 4 week average up 5.8%, and continuing...