The Angry Bear

Student Loan debt and how much of this may shake out. Pretty simple when you look into the this for now. Student Loan by Borrower Age The data above is taken from the National Student Loan Data System (NSLDS). A database maintained by the U.S. Department of Education to aggregate loan and grant data for all students who utilize federal funds to pay for school. There are different formats shown by this site (delinquency, etc.). ~~~~~~~~~...

June house price indexes show no peak yet; no respite likely in the “official” consumer housing measure Yesterday the Case Shiller and FHFA house price indexes were updated through June (technically, the average of April through June. Because the Case Shiller index is not seasonally adjusted, the best way to show them is YoY. Here are YoY% changes for the last 2 years of each (although the FHFA *is* seasonally adjusted, and increased only +0.1%...

Some pretty interesting articles this week. I like the one about Alito. With trump, I can not figure out what was in his mind when he walked off with boxes of classifies documents. You are I would be in jail right now. Usual stuff about student loans. The $10,000 on many of these loans will go to pay fee, interest, penalties and consolidation fees. What will me left is more of the same and few dollars will get to relieve the original loan amounts. No...

Let’s answer the question. I am going to break this up into several segments as it takes into consideration multiples of people, income, etc. I think it will be easier to absorb. A well-known expert in MIchigan has put together the answers. This is Part 1 – Single Individuals “How much does the #IRA lower YOUR health insurance premiums? A case study in Virginia” | ACA Signups. Charles Gaba, 08/24/2022 Some History Back in 2019, long before...

I have been writing since early this year that, because of the pandemic, there have been several million fewer persons looking for work, leaving a huge number of unfilled job vacancies, particularly in the face of a roughly 10% higher jump in demand. This gives employees the upper hand, as there are almost always higher paying jobs on offer for which they can apply. I‘ve also posited that the dynamic would only slow down once some employers...

In chemistry, and in physics, a positive feedback loop usually yields an explosion. In biology, it is a population explosion. In electronics, it might be an unpleasant screech. In economics, both housing bubbles and inflation are products of a positive feedback loop. In re Global Warming: The melting of permafrost due to Global Warming releases methane a greenhouse gas which increases Global Warming, …, …. The melting of Arctic Ice reduces...

“Major Insurers Are Scamming Billions from Medicare, Whistle-Blowers Say” – PNHP, John Tozzi, Bloomberg, April 12, 2022 Teresa Ross had been raising objections at work for months when her bosses brought in a psychologist hoping to make her question her own sanity. A longtime manager at a Seattle health plan called Group Health Cooperative, Ross had opposed changes to the way the company billed Medicare. With the help of a new vendor, the...

Continued good news for consumers on gas prices There’ll be lots of economic news starting tomorrow, but for today let’s pause and take a look at the energy situation. Here’s a look at oil prices in the past year up through yesterday from CNBC: And here’s a look over the same time period from Gas Buddy: Here’s a close-up of gas prices for the past month: Gas prices follow oil prices with typically a delay of several weeks. Oil prices...

The republicans are indignant as hell that the Inflation Reduction Act, née Climate and Healthcare Bill, would increase funding for the Internal Revenue Service (IRS). Since Reagan, republicans had been defunding it for them that brought them; them being the very rich who don’t like paying taxes. After the 2010 cuts, it had gotten to the point that the rich hardly pay any taxes at all. Why bother; the IRS didn’t have the money nor the personnel to...