The Angry Bear

Manufacturing and construction start out the month’s data to the negative side  – by New Deal democrat As usual, we start the month with reports on last month’s manufacturing, and construction from two months ago. The ISM manufacturing index has a 75 year record of being a very reliable leading indicator. According to the ISM, readings below 48 are consistent with an oncoming recession. And there, the news is not good. Not only has the index...

I never gave this a thought. Never thought I was being tracked and my personal data spread. I do get a lot of trash mail which I block or send to phishing or junk. Maybe some of you have issues with Facebook? Double checking the information for clarity and accuracy. ~~~~~~~~ Facebook users can apply for their portion of a $725 million lawsuit settlement, NPR, Eyana Archie Facebook’s parent company, Meta, is doling out the payments to...

Commenter Fred Dobbs reports (NYT) on the seizure of First Republic Bank by banking regulators in the comments section of Angry Bear. I am beginning to wonder how many more seizures will occur. How many failures are resulting from the loosening of Dodd-Frank? It appears the Fed has a greater impact on banks than Labor. JP Morgan Chase to the rescue . . . Earlier Angry Bear commentary on Dodd – Frank here and here. Fred Dobbs comment; First...

Dan had this one in drafts. Read it, liked it, relevant today, relevant to the SCOTUS BS, relevant to how Congress lets them get away with stuff, and where the hell is Joe Biden on this stuff? Sirota sums up the issues with the let-alone-Democrats rather well. Did some editing. The Democrats Are Enabling the Right’s Supreme Court Takeover, rsn.org, David Sirota/Jacobin 02 july 22 Chief Justice John Roberts is spearheading the right’s judicial...

I got to this article about the Home Value Index Report after reading an Insider’s “The Fight Over Airbnbs Is Now Descending on Small American Cities,” businessinsider.com, Dan Latu. The article is about Airbnb rentals in Bozeman, Montana. Bozeman residents are trying to figure out what to do as it is driving up the prices of homes and the resulting taxes. It all started with the pandemic and people escaping the more populated areas to Bozeman a...

 Weekly Indicators for April 24 – 28 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Several important short leading indicators rallied this week. In particular, the stock market seems to think the worst is over (for the moment!). At the same time, several important coincident indicators of taxation and employment are on the cusp of rolling over again. As usual, clicking over and reading will...

GAO: Electric Vehicle Infrastructure: USPS Should Plan for Potential Workplace Charging – Save the Post Office Introduction Part of the plan as referred to in Steve Hutkins’ “EVs and S&DCs: USPS says you can’t have one without the other” was to have EV charging capabilities at the local post offices which would be available to the Post Office, USPS workers and also the public. As provided by Congress, funding was targeted for all three...

A mixed picture on real personal income, savings, and spending in March, and real total sales in February  – by New Deal democrat As I’ve indicated a number of times recently, right now I consider the report on personal income and spending co-equal to the employment report as the most important monthly data. For March, it was a mixed bag. Nominally, personal income rose 0.3%, and personal spending was unchanged. Because the applicable...

April 28, 2023, Letters from an American, Prof. Heather Cox Richardson According to the nonpartisan Economic Policy Institute (EPI), legislatures in at least ten states have set out to weaken federal child labor laws. In the first three months of 2023, legislators in Iowa, Minnesota, Missouri, Nebraska, Ohio, and South Dakota introduced bills to weaken the regulations that protect children in the workplace, and in March, Arkansas governor Sarah...

Open Thread April 25, 2023, Angry Bear, angrybearblog.com Tags: open thread