The Angry Bear

Not sure why Democrats are so trusting with Republicans with Deal-Making. “The Senate is split 50-50, with Vice President Kamala Harris breaking the tie. So far, so good, given past Senators have changed the rules for judicial nominees to get across the finish line with just 51 votes. The so-called nuclear option is meant as a last resort, but with the exception of Chief Justice John Roberts, none of the current conservative Justices cleared a...

New home sales surge, while house price measures decelerate; expect deceleration or even downturns in each Since I didn’t post yesterday, let me catch up today with a note on both new home sales and prices.New home sales (blue in the graph below) for December rose sharply to 811,000 on an annualized basis. This is the higher monthly number since March, and while it is well above the trend since the Great Recession, it is still well below its...

The Arctic Hare and Walter Benjamin’s program for a proletarian children’s theater The hare was a child so badly treated and offended by the other people because he had such long ears that he went off to live alone. When he sees someone, he puts his ears back; for when he hears a man’s call, he thinks they are talking about his long ears. He doesn’t have a tail because he didn’t have one before. Walter Benjamin’s “Program for a proletarian...

Predicting the future is hard, but right now things look bad for President Biden and congressional Democrats.  Their agenda is stalled in Congress, the pandemic continues to kill people and disrupt normal life, prices are rising, and perceptions of the economy are bad.  No one is surprised that the President’s approval rating keeps hitting new lows. Naturally, the search for responsible parties is proceeding apace.  One common view is that...

New Deal democrat, “Historical Note on US Treasury Interest Rates and Stock Prices“ Over the weekend I was asked by two people what is going on in the markets. That’s usually a sign that there has been a sudden downside move, and people are getting emotional. Back 5 and 10 years ago, when I was doing perpetual battle with the DOOOMers, several times I was able to call a market bottom to the day – and once within an hour in real time – by how...

RJS, Focus on Fracking Oil prices rose for a fifth consecutive week and hit a 7 year high in the process, on supply disruptions in the Middle East and on rising tensions between NATO and Russia…after rising 6.3% to $83.82 per barrel last week on a softening of Fed rhetoric and on a production shortfall by OPEC+, the contract price for US light sweet crude for February delivery opened 50 cents higher on Tuesday after the MLK holiday as rising...

All throughout the Midwest, Plains, pretty much anywhere that doesn’t get adequate rain you can look on Google maps and see square fields with bright green circles in the middle. These are pivot fields that are irrigated from aquifers below. The corners of those fields are usually left barren. No, these are not the corners I am referring to. The square fields of corners I am referring to go back to biblical days. Some years back I was having...

TPM’s Josh Marshall takes on a tour of Krysten Cinema’s future as a Senator from Arizona, calling her a dead senator walking. I think she already knows this and does not give a damn. Six years and out, take your political donations from the drug companies, etc. It is hard for me to imagine she does not already know she has already left the Senate. Rejoice – Kyrsten Sinema’s Political Career is Already Over, TPM, Josh Marshall Amidst all the...

How intelligence was distributed among the animals Illustration by Tom Seidmann-FreudIn the beginning, none of the animals was endowed with intelligence. When they saw a hunter coming towards them who wanted to kill them, they stopped, looked at him, and were shot. So our Lord sent someone who put all the senses in a sack and put it under a big tree. The weasel noticed this, ran to the hare, told him about it, and said: “Brother hare, let’s go...