The Angry Bear

RJS: MarketWatch 666 Summary: 1st quarter GDP revision; April’s personal income and outlays, durable goods, and new home sales 1st Quarter GDP Revised to Show Our Economy Shrunk at a 1.5% Rate The Second Estimate of our 1st Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services shrunk at a 1.5% annual rate in the 1st quarter, revised from the 1.4% contraction rate reported in the advance...

The Cultural Marxism – Conservative Christian Consensus on America’s Culture of Violence Gun Culture and the American Nightmare of Violence by Henry Giroux, January 10, 2016: Mass shootings have become routine in the United States and speak to a society that relies on violence to feed the coffers of the merchants of death. Given the profits made by arms manufacturers, the defense industry, gun dealers and the lobbyists who represent them in...

Memorial Day 2022 Memorial Day is that most somber of national observances, in which we remember all those, of whatever race, creed, color, or nationality, who gave their lives so that government of the People, by the People, and for the People shall not perish from the Earth. In past years I have included photographs of famous Civil War and World War 1 and 2 graveyards, as well as Arlington National Cemetery. This year let me focus on...

RJS: Focus on Fracking Summary: natural gas prices hit 13½ year high after a six-fold increase in less than 2 years; US oil exports at a 26 month high even with SPR at a 34½ year low & US oil supplies at a 17 year low; total oil + products inventories at a new 13½ year low even with highest refinery utilization rate since 2019 & greatest refinery throughput in 11 months; rigs down first time in 31 weeks Natural gas prices hit 13½ year...

An Army of All-American Paramilitary Death-Squad Soloists In their 2014 Super Bowl ad (declined by the NFL), Daniel Defense, the AR-15 merchants of death, EXPLICITLY tied a ‘paramilitary army-of-one’ motif to its role as a military-industrial complex supplier. A man arrives home — presumably from a tour of duty — and enters the house past a conspicuously displayed, framed photo of him in his Marine uniform. Behind that photo is another photo...

Senator Manchin has a million excuses for doing “nothing.” I am not sure why the rest of the Dems do not out him. Biden has negotiated with Manchin in private which I would not do as it leaves Manchin the ability to tell the story, a story each time he changes his mind. There was a lot of hope for this administration as they had the majority in both bodies. One person is holding us back. Democrat in name only? Why? Maybe because if he were...

RJS: Focus on Fracking Summary: US oil exports at a 26 month high with SPR at a 34½ year low & US oil supplies at a 17 year low; total oil + products inventories at a 13½ year low even with highest refinery utilization rate since 2019, greatest refinery  throughput in 11 months… The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending May 20th indicated that...

 by New Deal democrat Weekly Indicators for May 23 – 27 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Few changes to the headlines, but lots of churning underneath. People seem to have jumped the gun on recession, thinking one is either here or imminent. It’s not here, and it isn’t imminent. I wonder if people will get complacent later in the year, thinking we have dodged a bullet. That probably won’t be true either....

Real income and – especially – spending increase in April, but households are getting much more overextended by NewDealdemocrat In April nominal personal income rose 0.4%, and spending rose 0.9%. March’s spending was revised up from 1.1% to 1.4%. In more good news, the personal consumption deflator, i.e., the relevant measure of inflation, rose only 0.2%, so real income rose 0.2%, and real personal spending rose 0.7%. So far, so good. While...