The Angry Bear

It’s hard to focus as I struggle through my second round of Covid, but a few thoughts on Roe. Compromise: Josh Marshall has been advocating loudly for the Democrats to run this year on a pledge to restore Roe.  Maybe this is their best strategy.  But they should consider a compromise along the lines I suggested earlier – 15 weeks of unrestricted access, and then abortion available when things go awry (fetal defects, threat to health of the...

In response to April’s dismal report, I wrote that “new home sales are heavily revised after the first report. It is not unusual at all for big monthly moves like this to suddenly look much less severe when the number gets revised one month later. I would not be surprised in the slightest if that happened to this month’s cliff dive, when next month’s report comes out.” That’s exactly what happened, as last month was revised higher by 38,000 to...

“Chaos Theory and The End of Roe V Wade,” Econospeak, Barkley Rosser Probably the most famous characteristic of chaotic dynamics is the phenomenon known formally as sensitive dependence on initial conditions, which is more popularly known as the “butterfly effect.” In such dynamics a small change in a starting value or a parameter value can rapidly lead to very different outcomes from what would have happened otherwise.  It was first clearly...

Tonight, I wish to pull a response from one of my favorite bloggers. It is a good read. I think you will enjoy it too after enduring all of the BS coming out of SCOTUS. Then there is the Republican caused national crisis. It is the proper response to both issues. “There is only one proper response to this travesty,” Hullabaloo, digby, on June 24, 2022 Vote out the right-wing miscreants digby; We can’t do much about the Supreme radicals...

Resurrecting the metric: initial claims lead the unemployment rate; no recession signal so far  Initial jobless claims declined -2,000 to 229,000 last week, vs. the 50+ year low of 166,000 set in March. The 4 week average rose from 4,500 to 223,500, compared with the all-time low of 170,500 eleven weeks ago.  Continuing claims rose 5,000 to 1,315,000, which is 9,000 above their 50 year low of 3 weeks ago: Initial claims have been in an uptrend...

It has been a while since I have listed news articles. Healthcare, Oil, and SCOTUS topics are dominating news today. Colorado is kicking of a Public Option. If successful, it will greatly benefit citizens there. Oil and gasoline are big issues. When taking into consideration inflation, the price today of a gallon of gasoline is less than in 2008. If you were to drive the speed limit, you would help create inventory which lowers pricing. Catch...

Listen to Chris Christi babbling to David Muir about the 2000 election and Al Gore losing to Bush. In the same breath, Chris is saying similar about Clinton’s loss to the soon-to-be insurrectionist trump in 2016. Trying, trying to draw a comparison to Democrats losing to Repubs in 2000 and 2016 and their showing just as much anger. Claiming their questioning was just as serious as what occurred after trump lost. The YouTube Clip is set to play...

RJS, MarketWatch 666 ~~~~~~~ Summary: Producer Prices Rose 0.8% in May; Record Annual Increase of 16.6% for Final Demand Goods The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in May, as average prices for finished wholesale goods rose by 1.4% while final demand for services was 0.4% higher. The increase followed a revised 0.4% increase in April, when average prices for finished wholesale goods rose by 1.3% while...

Housing unaffordability closes in on bubble peaks; expect substantial price declines and increased foreclosures in the likely oncoming recession – by New Deal democrat I last looked at the issue of housing affordability at the beginning of April. As we all know, mortgage rates have continued to skyrocket in the past several months. At present they are just under 6.10%: This has changed the calculus on housing affordability considerably. So...