The Angry Bear

Prof. Heather Cox Richardson (substack.com) “Letters From An American,” January 31. 2022 There are more topics covered in yesterday’s Letter than I can list in the title. It is an interesting mixed bag of experiences we are enduring and what is being reported. I have also included the links below if you wish to do a deeper dive on each topic. It was yesterday, I had read and heard a C&L report featuring George Conway telling CNN trump...

Oil prices hit 7 year high, natural gas hits 14 year high on largest one day price jump on record; natural gas supplies see largest draw this winter, Focus on Fracking, RJS Oil prices rose for a sixth straight week and eclipsed the 7 year high hit last week on heightened tension over Ukraine, tight supplies, and perceptions of rising demand…after rising 2.2% to $85.14 a barrel last week on supply disruptions in the Middle East and on rising...

Total supplies of oil & products at 7 1/2 year low even after largest 4 week build of gasoline stocks in 32 years SPR inventories are at a new 19 year low; gasoline inventories are up most in any 4 week period since Jan 1990 as gasoline demand, ex worst Covid drops, are at a 10 year low; imports of gasoline are at a 87 week low; total inventories of oil & all products made from it are at 7 1/2 year low The Latest US Oil Supply and...

Lambert at Naked Capitalism has an interesting article up as taken from KHN entitled “I Write About America’s Absurd Health Care System. Then I Got Caught Up in It” as detailed by Bram Sable-Smith. As taken from the KHN article, Bram describes the beginnings of his dilemma of getting Insulin: “I’d been waiting since September for an appointment with an endocrinologist in St. Louis; the doctor’s office couldn’t get me in until Dec. 23 and...

On the retirement of Justice Breyer: is this any way to run a country? Long long ago I remember reading that Justices William Brennan and Thurgood Marshall, both about 70 years old at the time, decided not to retire during the Presidency of Jimmy Carter, because he was not liberal enough, preferring to wait for the next, more left-wing Democratic President. Heh!   Liberals got lucky when, upon Brennan’s retirement in 1990, David Souter was...

WSJ reports Stocks rose broadly Thursday morning after the GDP report, but they retreated later in the day, with the Nasdaq falling 1.4%, the S&P 500 dropping 0.54%, and the Dow Jones Industrial Average off 0.02%.Thursday’s report contained warning signs. Most of the growth owed to companies’ restocking rather than people and firms buying stuff. In part, the rise in inventory investment reflected a rebound from super-low inventory levels in...

With two feet of snow and 40-50 mph gusts of wind yesterday and wind chill temps of -15 degrees F.,, it was quite a day this Jan. 29. I am steadily working on digging out of the snow this night and into Sunday but did not lose power nor heat so feel fortunate. I think Dan is busy today too. Maybe an update later??? ...

Real personal income and spending both decline in December; no imminent worry but evidence of softening Nominal personal income rose 0.3% in December, while spending declined -0.6%. In real terms after inflation, personal income declined -0.1%, and personal consumption expenditures declined -1.0%. Nevertheless, both remain well above their pre-pandemic levels:  Here is what the same information looks like using May 2021 as a baseline, after...

by New Deal democrat Weekly Indicators for January 24 – 28 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. While most of the chatter this past week was about inflation and the Fed raising interest rates, commodities got hot again, with oil making another 7 year high. This is both good and bad. It’s good because it shows that the global economy is really running hot. And it’s bad because, well, the global economy is...