The Angry Bear

If you did not know, now you do know. Just like our fellow blogs, Angry Bear posts have been recorded in the Library of Congress. I could not get in tonight to see which posts ere and like I have other times. Something to think about for at least one cup of coffee. Much of this occurred over Dan’s watch. Tags: Library of Congress...

In housing construction, the last domino still refuses to fall: Travelin’ Man edition  – by New Deal democrat [First, a blogging note: I will be traveling for the next week and a half. I’ll keep posting the data, but the posts are likely to be brief, and may be a day late. On days when there is no data, I will probably not post at all.] When it comes to housing construction, I’ve been waiting for the last domino to fall. Once again in July,...

Paul Krugman has the amazing ability to get me (briefly) interested in economic theory. He writes that the (non provisional) IRA has had a larger than expected impact on investment writing: A new blog post from Heather Boushey of the Council of Economic Advisers argues that Biden’s industrial policy helps solve what she calls the “chicken and egg problem,” in which private-sector actors are reluctant to invest unless they’re sure that others will...

Non-fungible tokens (NFTs) first came to my attention just a couple years ago. Apparently, anything could be an NFT. Per Investopedia:“Non-fungible tokens (NFTs) are assets that have been tokenized via a blockchain. They are assigned unique identification codes and metadata that distinguish them from other tokens.“NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed...

With the passing of my friend Daniel Crawford, I have had to take on new responsibilities. Angry Bear will continue like it has for the last 20 years. Retired Prof. Joel Eissenberg has joined with me is writing at Angry Bear. There will be more new writers joining us with new topics. I am losing my vision in my right eye and the left is not so far behind it. I have found it difficult to write with one eye and the other fuzzy. It appears the...

July retail sales: gas and vehicle sales continue to dominate the trend  – by New Deal democrat As always, real retail sales tell us a great deal about what is happening in the consumer economy. July continued the recent trend since gas prices started declining over a year ago. Nominally retail sales increased 0.7%. Since consumer prices increased 0.2%, real retail sales increased 0.5%. Here they are compared with real personal expenditures...

This is one of the types of care where the resource may not be used as often in rural areas when compared to more populated areas. It is still needed in rural areas. The problem being, how do you get the patient and the baby to a fully equipped hospital an hour or more away. In 2019, I wrote “A Woman’s Right to Safe Healthcare Outcomes,” Angry Bear.” I was asked to write this by women who wanted a man’s perspective. I wrote about clinical trials...

Briefly, Josh Bivens: “Put simply, the IRA puts the U.S. on a path where meeting its global climate change  commitments is within reach. The commitments which would provide a genuine chance at securing a livable planet for future generations if they are kept. At the beginning of August 2022, there was no such path to secure this livable future, but there is now and it is a mammoth victory. The IRA was essentially a climate change bill. Included...

Briefly, Josh Bivens: “Put simply, the IRA puts the U.S. on a path where meeting its global climate change  commitments is within reach. The commitments which would provide a genuine chance at securing a livable planet for future generations if they are kept. At the beginning of August 2022, there was no such path to secure this livable future, but there is now and it is a mammoth victory. The IRA was essentially a climate change bill. Included...

This is the Big Story: a 100+ year near-record decline in commodity prices is enabling continued record wage growth and employment  – by New Deal democrat No important economic data today, so let me elaborate on the matter of “immaculate disinflation,” i.e., the decline in inflation without a decline in growth. I’m going to argue that, to the extent there is causation, it is the reverse of what is generally assumed, to wit: that there is...