The Angry Bear

How can this be?  September 28, 2022, we have Senator Bernie Sanders tweeting (I don’t, guess I need to eat some bird seed). The obscene level of income and wealth inequality in America is a profoundly moral issue that we cannot continue to ignore or sweep under the rug. A society cannot sustain itself when so few have so much while so many have so little. Here is Bernie’s findings as supplied by the Congressional Budget Office. Note the dark...

When will housing construction turn down? A fuller consideration  – by New Deal democrat No important economic news today. Also I am traveling this week, so there might be some light posting, as in, I might skip a day or two. But I very much want to see what is happening with house prices, which will be updated tomorrow in the FHFA and Case Shiller indexes, and Wednesday as part of the new home sales release. In the meantime, after I posted...

This article by Charles Gaba is a long one. I did some editing on it to shorten it somewhat. The article covers the ACA “family glitch.” What has been occurring over the last 12 years is an IRS interpretation of the ACA language content. Family was not included in ACA’s premium subsidy coverage if an employee could pay for him or herself less than 9.78% of household income in 2020. In which case, the cost of dependents together or as individuals...

Much of this post is from “Among Seniors, a Declining Interest in Boosters,” (dnyuz.com). This article first appeared in the New York Times as authored by Paula Span, October 22, 2022. I think what is important here is the growing indifference to Covid. They have been inoculated against Covid with the original series of shots. Most went ahead with the two boosters to strengthen the original. Now with the third booster, they are displaying hesitance....

Weekly Indicators for October 17 – 21 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. If you thought the long leading indicators couldn’t get any worse – well, they could. As usual, clicking over and reading will bring you up to the virtual moment as to how the economy is doing right now, and how it is likely to perform over the next 12 months+. “New Deal democrat’s Weekly Indicators for October 10 – 14,” Angry Bear...

If you have no idea of what a container ship looks like when loaded with containers, here is one example. I have no idea what port this one may be pulling into. The backside of the container ship has 178 containers with the top corners empty. If you had the time and the know-how, I imagine you could spell something back there using the different colors. Depending on the size of the ship, you could stack 15,000 to 24,000 containers on a ship....

Coronavirus dashboard for October 21: the autumn lull continues, despite new subvariants  – by New Deal democrat No economic data today, so let’s update the status of COVID-19. We are currently in a relative lull, with confirmed cases, hospitalizations, and deaths all near or at low levels only matched or exceeded at mid-year 2021 and early spring of this year. Here is the 6 month view of confirmed cases and deaths: At the moment...

“They can only “win” by cheating …,” Homeless on the High Desert, Ten Bears. October 7, 2022 in g’da said Your Daily Chaos, Morning Digest: Elections ~ Here’s something you don’t see often—or ever: Republican Mike Erickson released an internal poll showing him leading his Democratic opponent, Andrea Salinas, the very same day that he filed a lawsuit demanding Salinas take down an attack ad by citing a law that he recently threatened to use to...

If GOP Wins Either House Of Congress, Dems Must Kill Debt Ceiling  If it comes to pass and especially if the GOP takes both houses, presumably Democrats will be able to kill the debt ceiling in the lame duck session. This assumes Manchin and Sinema stick with them on it, which one of them might not. As a budget matter, it can pass by reconciliation, which avoids a filibuster. It can also be passed with only 50 votes plus VP Harris in the Senate....