The Angry Bear

[unable to retrieve full-text content]Can you blame Biden for this? Not likely. Companies can price to what the market will bear and more. Creating Tariffs on overseas product will exasperate the issue and cause higher prices resulting in inflation. If you wish to cut out overseas companies? Bring the product back to the US for manufacture. That is another […] The post Inflation During a Pandemic, Other times, and the Results appeared first on Angry Bear.

[unable to retrieve full-text content]The Trump problem is not – and never has been – the electoral college The problem is that Donald Trump is a competitive presidential candidate in the United States, despite his manifest unsuitability for office.  There are various reasons for Trump’s competitiveness.  Some of these reasons are structural (the weakness of our parties and our […] The post Six thoughts about the election and democracy appeared first on...

[unable to retrieve full-text content] – by New Deal democrat Initial jobless claims continued their return to normalcy this week, as they increased 3,000 to 221,000. The four week moving average declined -9,750 to 227,250, which is tied for the lowest number except for two weeks in five months. Continuing claims, with the typical one week delay, rose 39,000 to […] The post Jobless claims: back to almost completely normal and neutral appeared first on Angry Bear.

[unable to retrieve full-text content]I have two dental implants, the first of which was done nearly ten years ago. They were both done after a tooth broke and the dentist told me he couldn’t save the tooth. I could have just left the hole, but elected to fill it with an implant, which was done in each case by […] The post The business of dental implants appeared first on Angry Bear.

[unable to retrieve full-text content]– by David Zetland The One-Handed Economist Ludwig van Mises published this short book in 1944, around the same time as Hayek’s Road to Serfdom was published but before Hayek’s 1945 article, “The Use of Knowledge in Society.” These other references are important because (a) Mises was Hayek’s teacher and (b) both were heavily involved in the “calculation debate” […] The post Book...

[unable to retrieve full-text content]I have been reading Lloyd for about 20 years now. His specialty I would say is the environment and environmental issues and how humans cause the good, bad, and ugly of them. Good reading with multiple flow charts. Some detail before the Commentary by Llyod. Lawrence Livermore National Laboratory (LLNL) produced the first diagrams illustrating […] The post Lessons from Livermore’s 2023 Energy Consumption Chart appeared first on Angry Bear.

[unable to retrieve full-text content]– by New Deal democrat [I was busy doing my civic duty the past few days. I’ll have something to say about the election at some point later, but not now.] Yesterday the ISM services report came in very strong for the second month in a row, with the headline at 56.0 and the more […] The post The economically weighted ISM average indicates economy expanding nicely, but likely in latter stage of the cycle appeared first on Angry Bear.

[unable to retrieve full-text content]Monthly Construction Spending, September 2024, Census Bureau Construction spending estimates are comprised of estimates based on mail-out/mail-back and interview surveys of selected construction projects and building owners, and estimates developed or compiled from other Census Bureau, federal agency, and private data sources. Total ConstructionConstruction spending during September 2024 was estimated at a seasonally adjusted annual […] The post...

[unable to retrieve full-text content]The election is very close.  This piece explains why the polls could easily be off by 5 points or more.  Because the polling errors are very likely correlated across states, this means there is a reasonable chance that the election will not end up being close, but we have no idea who is ahead.  Trump […] The post What if Trump wins? appeared first on Angry Bear.

[unable to retrieve full-text content] – by New Deal democrat As usual, I’ll take a quick look at this morning’s headline GDP numbers for Q3 before passing on to my more important focus on the release’s leading components.  Real GDP grew at a 2.8% annualized rate in Q3. Just like Q2, this is a perfectly good number in line with the […] The post Real GDP for Q3 nicely positive, but long leading components mediocre to negative for the second...