The Angry Bear

Weekly Indicators for October 23 – 27 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. With half of reports in, Q3 profits for corporations have made a new all-time high. Meanwhile the stock market has made repeated new 3 month lows. The former is a long leading indicator, the latter a short leading indicator, so we shall see which one proves more accurate. And in case you haven’t noticed at the...

Vaccination is one of the great triumphs of humanity over infectious disease. Smallpox was such a plague that George Washington mandated inoculation for all Continental soldiers in 1777. Prior to the polio vaccine, most Americans knew a friend or relative who contracted polio; today, it’s virtually unheard of, just like mumps and whooping cough. The COVID vaccines, particularly the mRNA vaccines of Moderna and Pfizer, are a triumph of genetic...

Just some history . . . An October 15, 2008, article in The Washington Post analyzing the origins of the economic crisis claims Greenspan vehemently opposed any regulation of derivatives, and actively sought to undermine the office of the Commodity Futures Trading Commission. If you recall, Brooksley Born was the head of the CFTC. A litany od experts and political figures mounted an attack on her in Congress. “The messenger wore a skirt,”...

Spending soars, income stagnates, savings sink like the Titanic  – by New Deal democrat Real life intruded yesterday, so I didn’t put up any information about the Q3 GDP report. I’ll write in detail next week, but in the meantime there were 4 basic highlights: 1. Obviously it was an excellent report overall. 2. The long leading metric of real residential fixed spending also rose slightly, although as a share of real GDP it fell, so...

What is occurring in this announcement is GoodRx working or negotiating with Sanofi to reduce out-of-pocket costs to consumers for Sanofi’s Lantus, a treatment for diabetes. The out of pocket costs will be capped at $35.00. Great cost relief news for people who are not on Medicare, etc. More of the GoodRx announcement below. GoodRx Announces New Way for Consumers to Access Sanofi’s Lantus for $35 at Over 70,000 Pharmacies Nationwide, GoodRx,...

Not to put too fine a point on it, the recent chaos in the GOP-controlled House isn’t a bug, it’s a feature for the modern GOP. There isn’t any daylight between Gym Jordan and Mike Johnson, politically, but policy no longer matters to the GOP. It’s just optics, and Jordan has (so far) mastered the avuncular optics necessary to win the speakership. But since the point is chaos, Johnson will preside over chaos, with the hope that voters will decide to...

The Supreme Court declined to hear the case, Texas v. Pennsylvania. December 20, 2020. Two days ago, during a press conference Rachel Scott drew the ire of Republicans as she asked a question of newly appointed House Speaker Mike Johnson. Representative Mike Johnson (R-LA) was instrumental in the effort to overturn the 2020 presidential election.  ABC News congressional reporter Rachel Scott began to ask Johnson whether he stands by his role in...

Late on the draw here . . . Missed this over the last week. Been too busy doing other things with Angry Bear and looking for a Word Press expert who can help Angry Bear solve some issues. You have to wonder what Fed Chief Jerome Powell is going to do next. If you have been reading New Deal democrat (Richard), it appears we are on the edge of a recession of some type. I am hoping he waits. The returns or values on my funds are decreasing so what...

Jobless claims continue near expansion lows  – by New Deal democrat Jobless claims continued very low last week, justifying taking down the “yellow caution flag” that had been in place for a number of months. Specifically, weekly new claims rose 10,000 to 210,000 – still a very low historical number. The more important four week moving average increased 1,250 to 207,500. Contrarily with a one-week lag, continuing claims rose sharply, up...

Initially reported as 22 dead and maybe 50 wounded by a single white US terrorist in Lewiston, Maine. No reasoning for it. Maybe mental illness. When does reality come to America? Bullet spewing weapons are getting into the hands of people who should never have them. Time to grow up America. Lewiston is the second most populous city in the U.S. state of Maine and the most central city in Androscoggin County.  Edited: “Robert Card, 40, as a...