The Angry Bear

Dear Democrats: Yes, inflation is a problem [Update: I see where Larry Summers has obviously read my piece below, and says, “I agree with NDD!”  (Just teasing)] In the past few days, I have seen a spate of articles and tweets from prominent partisans and economists telling Democrats not to worry about inflation, either because it is a transient supply chain issue, or else because Biden’s infrastructure and “Building Back Better” plans will...

 by New Deal democrat Weekly Indicators for November 8 – 12 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Surprisingly, given the big increase in the CPI (that is likely to continue via “owner’s equivalent rent”), almost all the indicators across all timeframes remain positive. As usual, clicking over and reading will bring you up to the virtual moment, and bring me a little bit of remuneration for my efforts. ...

I actually subscribe to a substack (even though I have a rule to never ever pay for web content). I have made 2 exceptions Talking Points Memo and Noahpinion. That written, one of the ways in which I find Noah Smith extremely stimulating is that I often, almost always, disagree with some of the many ideas he packs into each post. I this case, I object to one “two”. Noah wrote “Unfortunately, neither of America’s two political movements seems...

We are almost two years into this pandemic, and a K-8 school in Boston is being forced to close for 10 days due to lack of testing capacity.  First, capacity was inadequate to quell an outbreak: Curley’s school testing program became overwhelmed when more than 500 students a day needed testing. That meant some infected students remained in school before getting tested for COVID-19 or getting their results. And now testing capacity is inadequate...

September JOLTS report: slow progress towards a new equilibrium This morning’s JOLTS report covers September, at the beginning of which the Delta wave peaked and then gradually receded for the remainder of the month. It is also the month that the last of pandemic emergency benefits ended.  We did see the second consecutive decline in job openings, as they decreased 191,000 to 10.438 million (blue in the graph below), while actual hiring...

Disposable time, surplus population, and the limitation of the hours of labour [embedded content] I’m on at 5:35 of the video. A little hoarse at 4 a.m.! Tags: and the limitation of the hours of labour, Disposable Time, surplus population

Seldom do we get the chance to build something the way it should be. For the internet, the first chance was back in the 1990s. Not enough was known then. We’ve learned a lot the hard way since. Let us begin our design by asking, “How best to utilize the internet?” It is apparent that everyone needs, should have basic access. Access on the order of that afforded by the U. S. Postal Service all the years. Like the Postal Service over all the years,...

Commenter and Blogger RJS, MarketWatch 666. CPI Rose 0.9% in October on Higher Prices for Food, Shelter, Energy, and Vehicles; Annual Inflation at a 31 Year High And October at +0.94332% exceeds June at +0.90486% so it’s the biggest one month jump in over 13 years.. The consumer price index rose 0.9% in October, the greatest one month jump since June 2008, as higher prices for food, energy, new and used vehicles, furniture and outdoor...

Disposable time, disposable population, disposable products DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME… Did I mention “disposable time”? Marx repeated disposable time seven time in paragraph (three paragraphs in the complete works) I’ve taken the above excerpt from. In English. In capital letters. That, and the fact that his theory of crisis was sandwiched between two...