The Angry Bear

I think that with “Stealth” I indulged my inclination to try to figure things out more than I should have.The practical point is my claim that stealth technology is obsolete. I think this is well known and yet not allowed to effect the US Federal Budget. I cite the Wikipedia “Low-frequency radar[edit] Shaping offers far fewer stealth advantages against low-frequency radar. If the radar wavelength is roughly twice the size of the target, a...

RJS, Focus on Fracking, Summary: Strategic Petroleum Reserve at a 1058 week low, US oil supplies at a 746 week low; distillates supplies at a 729 week low, total oil + products inventories at a 711 week low, gasoline imports at a 8 month high The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending April 29th indicated that because of an increase in our oil...

Who is Alito or the conservative court majority to decide what is best for women? The court is engaging in a pattern and practice of discrimination against a group of citizens which is of ‘general public importance (related directly or indirectly with the interest of citizens).'” I expected Prof. Chemerinsky to write on the SCOTUS intention to overturn Roe V Wade. It is a good read and his points are opposing the court’s stance. The brazenly...

Initial jobless claims rose 19,000 to 200,000, continuing above the recent 50+ year low of 166,000 set in March. The 4 week average also rose by 8,000 to 188,000, compared with the all-time low of 170,500 set four weeks ago. On the other hand, continuing claims declined -19,000 to 1,384,000, yet another new 50 year low (but still well above their 1968 all-time low of 988,000): The “job openings” component of the March JOLTS report...

I started teaching medical students in 1988 and have been an instructor and course director for one or more first-year med school courses continuously since 1990. When I started, there were two full years of pre-clinical course-work. Now we’re down to a year and two-thirds and there are plans to shrink further. Some medical schools in the US already only have a single pre-clinical year. Personally, I thought the pre-clinical lectures and exams...

RJS; Focus on Fracking Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks — The Biden Administration will purchase 60 million barrels of crude in Q3 (Yahoo) in an effort to replace volumes in the U.S. strategic petroleum for the first time in nearly 20 years, CNN reports, after authorizing a record release over six months. Citing an unnamed Energy Department official, CNN said what is referred to as a “long-term buyback plan” for oil...

The impact of supply constraints on the US economy in 3 easy graphs The two most important purchases ever made by most consumers are (1) their houses, followed by (2) their motor vehicles. Indeed, according to Prof. Edward Leamer‘s forecasting model, ever since the end of World War 2 almost all American recessions have been preceded by, first of all, a decline in new home purchases about 6-7 quarters before, followed by a decline in the purchase...

RJS, MarketWatch 666 Summary: Construction Spending Rose 0.1% in March after Prior Months Were Revised Higher The Census Bureau’s report on construction spending for March (pdf) estimated that the month’s seasonally adjusted construction spending would work out to $1,730.5 billion annually if extrapolated over an entire year, which was 0.1 percent (±0.7%)* above the revised annualized February estimate of $1,728.6 billion, and 11.7 percent...

In midday trading, the Dow Jones industrial average slumping 3.3 percent. The S&P 500 index sinking 165 points, or 3.8 percent. The tech-heavy Nasdaq was losing biggly, giving back 651 points, or 5 percent. I am not looking at investments today. The drop was wiping out the gains from the previous session’s massive rally. All reactions to the FED jumping the rates up 1/2 of 1%. What remains to be seen??? Nancy Davis, founder of asset...