The Angry Bear

I am disappointed in the reporting on these Hearings and the Hearings themselves. This is the second time people are applauding statements from the January 6th Committee Hearing. In this Hearing we experienced former 4th COA Judge Luttig slowly, carefully, and legally make a statement on conversations he had concerning Pence and what trump was trying to get Pence to do. After his conversation with a Pence attorney, Judge Luttig tweeted a message...

Summary: US oil supplies at a 17½ year low. SPR at a 35 year low after the SPR largest withdrawal on record. Gasoline supplies at a 6-month low. ~~~~~~~~ The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending June 10th show that after a big increase in our oil imports, another big oil withdrawal from the SPR, and an increase in oil supplies not accounted...

Interesting story popped up on MedPage Today. “America’s Frontline Doctors’ Simone Gold Gets Prison Time” On March 3, 2022 Ms. Simone Gold filed a brief confessing (line 10) in United States of America v Simone Gold to being inside the U.S. Capitol on January 6, and regretting going inside. In a story run on January 12, GOLD gave an interview to The Washington Post where she confessed to being inside the U.S. Capitol on January 6, and stated...

Weekly Indicators for June 13 – 17 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. My paradigm is: first the long leading indicators turn. Then the short leading indicators turn. Then the coincident indicators turn. Finally the lagging indicators turn. For months I have been documenting the downturn among the long leading indicators. In the past few weeks, that deterioration has been gradually...

Positive production print points to continued economic expansion in May The usual suspects are out, claiming that a recession has either already started or is imminent. Well, the big reason I call industrial production the King of Coincident Indicators is because empirically is the one whose peaks and troughs coincide most definitively with NBER recession dates. And unless there is a significant downward revision, in May the King of Coincident...

An across the board downturn for housing permits and starts in May Housing permits and starts declined across the board in May. In the past year there has been a unique divergence between permits and starts due to construction supply shortages.  This has been reflected in the number of housing units authorized but not started increasing to a near-50 year records of 298.4 in March. In May that number increased from April by 1.5 million...

Taken from: “Bill Barr Struck With Amnesia About His Work To Spread Big Lie” | Crooks and Liars, Susie Madrak Me: If you are listening to the Hearings, you have been hearing Bill Barr testifying of his warnings to trump of his actions. If you have been reading what Barr has been saying in the past, it sure did not appear to be warnings. Indeed, it was more along the lines of Dems being wrong. Definitely “Two Faces,” have been on display by...

Understanding the situation in Ukraine and how it will likely evolve in the future is impossible for me, partly due the inherent complexity and unpredictability of war and international relations, and partly because the main players have such strong incentives to strategically misrepresent their actions and intentions.  Are the Ukrainians really getting killed by Russian artillery fire in unsustainable numbers, or are the Ukrainians putting pressure...

The increasing trend in new jobless claims continues Initial jobless claims declined -3,000 to 229,000 last week, vs. the 50+ year low of 166,000 set in March. The 4 week average also rose 2,750 to 218,500, compared with the all-time low of 170,500 ten weeks ago.  Continuing claims rose 3,000 to 1,312,000, or 6,000 above their 50 year low of 2 weeks ago: It’s now clear that initial claims have been in an uptrend over the past 2.5 months. If...