The Angry Bear

Jobless claims continue to warrant yellow caution flag, while continuing claims shade closer to crimson  – by New Deal democrat Initial claims (blue in the graph below) continued their recent track into recession caution territory this week, as they rose 5,000 to 245,000, 12.9% higher YoY and the 5th time in the last 7 weeks that claims have been 240,000 or above. The last time they were at this level was in January 2022.  The more important...

FTC and Congress Put PBMs on Notice – AAF (americanactionforum.org) The conclusion of the Congressional Plan Much of this post in a copy and past. However, the conclusion is mostly mine. I am starting out with the conclusions and actions of Congress to which the author claims could result in fewer PBMs and increasing prices. If you look at Figure Two, it becomes rather obvious where the fallout is going to be. The smaller PBMs will not be...

Coincident indicators hold on, mainly due to improvement in gas prices YoY  – by New Deal democrat I’ve been paying particular attention lately to the coincident indicators, because the leading indicators have telegraphed a recession for about half a year – so why isn’t it here yet??? A good representation of coincident indicators remaining positive is the Weekly Economic Index of the NY Fed: It looked on track to turn negative at the...

“Congressman proves global warming scare is just silly.” Commentary by Dale Coberly. [embedded content]  [from Forbes Breaking News] House Transportation Committee Holds Hearings On Infrastructure Investment and Jobs Act …..in which Rep. Doug LaMalfa (R-CA) gives master class in lying without telling a single lie . . . all in a calm and reasonable voice  He asks the panel: What percent of our Atmosphere is CO2? They don’t know. ...

Open Thread April 8, 2023, Angry Bear, angrybearblog.com Tags: open thread

One may think this is a dead issue. It may be for law enforcement and White Americans. If you go to the News Break site, you will see over 190 comments concerning the murder of the young black boy Emmett Till and the subsequent failure to question Mrs. Roy Bryant (Carolyn Bryant Donham). Her comments to her husband and half-brother led to the kidnaping and murder of a young 14-year-old boy. My opinion, they should question her. Her comments...

Intelligent Economist, Top 100 Economics Blogs of 2023, Prateek Agarwal Just a heads up . . . Angry Bear makes the list again in 2023. You will also find Econospeak, Naked Capitalism, One-Handed Economist, CEPR, Calculated Risk, Bonddad blog (New Deal democrat), Capital Ebbs and Flows are listed also. If I missed anyone, it is not on purpose. We are in good company thanks to Dan Crawford. And we have good writers who touch upon many topics....

The 90/10 rule of motivations by Davis Zetland Since 2009, I have talked about a 20/80 rule of motivations, e.g., “My rule of thumb is that about 20 percent of people conserve [water] because it’s the right thing to do, and 80 percent conserve because it’s expensive NOT to [because prices are high].” My point is that far more people (80%) are motivated by price (extrinsic incentives) than doing the right thing (intrinsic incentives)....

Since I pulled this article from Everytown, here is a bit of information about it. “We are the largest gun violence prevention organization in America. Made up of more than six million mayors, moms, teachers, survivors, gun owners, students, and everyday Americans who have come together to make their communities safer.” I am guessing there is a bend towards women in this organization. Not an issue. Tons of information on gun violence is within its...

New housing construction appears to have bottomed; but expect further declines in construction employment ahead  – by New Deal democrat Pointing your attention to NDd’s calling out of the economic signs leading to job declines. ~~~~~~~~ For the past few months, I’ve noted that new home sales, which while very volatile frequently are the first metric to signal a change in trend, appeared to have bottomed by early last autumn. This...