The Angry Bear

“Inequality in annual earnings worsens in 2021.” This report is a couple of weeks old. Still relevant and supports what NDd has been saying as well as others here at Angry Bear. This is taken from EPI. Partial read of a larger report. Details from year twenty-one finds annual wages rising the fastest for the top 1% of earners (up 9.4%) and top 0.1% (up 18.5%) Those in the bottom 90% saw their real earnings fall 0.2% between 2020 and 2021. Workers...

 – by New Deal democrat My Weekly Indicators post is also up at Seeking Alpha. The volatile coincident consumer numbers bounced higher this week, while another recession indicating system flashed red, suggesting a recession is most likely to start during the 2nd Quarter of 2023. As usual, clicking over and reading my commentary at Seeking Alpha will not only bring you up to the virtual moment as to the economy, but it will bring me a little...

15+ Websites to send great free New Year cards to friends and family (updated for 2021) (prwave.ro) Angry Bear Readers and Writers 2023

Indeed we are. Tout les mond sommes dans le changement. Change comes sometimes fast, sometimes slow; but always, inexorably. Still and yet, some would deny, attempt to slow down or even stop change. Too few recognize it when they see it. Throughout history, blood has flowed like rivers resultant efforts to slow down or stop change. Our own Civil War, ‘The Great War’, … . Then, they couldn’t, didn’t want to see the changes that were taking place....

Initial claims close out the year still positive  – by New Deal democrat This morning we got the final economic news of the year, as initial claims for the week rose 9,000 to 225,000. The 4-week moving average declined 250 to 221,000. Continuing claims rose 41,000 to 1,710,000, a 10-month high: The weekly number was actually 14,000 higher than one year ago, but that is not significant. The 4-week average and the continuing claims numbers...

Coronavirus dashboard for year end 2022: becoming endemic, and still an important threat to seniors  – by New Deal democrat As we close out 2022, let’s look back at the overall picture for COVID. The best historical measure of actual infections is Biobot, which samples wastewater. This is because the advent of easy home testing one year ago meant that far fewer people have had “confirmed” cases this year in comparison to “actual” infections....

A New Wellbeing Rankings Study  David G. Blanchflower of Dartmouth and Alex Bryson of University College in London have just published a paper at NBER 30759 “Wellbeing Rankings,” which provides some provocative ideas and data on various possible measures of well-being in societies. This reflects dissatisfaction with the tendency to use a single measure, “life satisfaction” on finds in the happiness literature, with ranks of nations widely...

Open thread Dec. 27, 2022, Angry Bear, angry bear blog. Tags: open thread

Three graphs which defined the economy in 2022; a look back at my forecasts In the summer of 2021, looking at the long leading indicators, I wrote: “while the long leading indicators confirm a firm, even strong expansion through the remainder of 2021, by spring of 2022 they are neutral, suggesting a much softer economy, although not a recession before the midyear limit of this forecast.” By the beginning of this year, the long-term outlook...

by Joseph Joyce The 2022 Globie: Money and Empire Every year we name a book the “Globalization Book of the Year” (aka the “Globie”). The prize is (alas!) strictly honorific and does not come with a monetary award. But announcing the award gives me a chance to draw attention to a recent book—or books—that are particularly insightful about globalization. Previous winners are listed at the bottom of the column (also see here and here). This...