The Angry Bear

2nd Quarter GDP Revised to Indicate Growth at a 6.6% Rate The Second Estimate of our 2nd Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services grew at a 6.6% rate during the quarter, revised from the 6.5% growth rate reported in the advance estimate last month, as growth in fixed investment and exports was greater than previously estimated, while imports increased less than originally estimated, the...

Prof. Linda Eissenberg, Ph.D., is a scientist at Washington University School of Medicine who spent more than two decades studying microbial pathogens. She now works in oncology as an assistant professor of internal medicine. “Why washing your hands and social distancing works”, St. Louis Post – Dispatch, Apr 4, 2020 What you really need to know during this pandemic is how risky different behaviors are. Although I’m not a public health worker,...

Commenter and Blogger RJS, MarketWatch 666, Industrial Production Rose 0.9% in July After Prior Four Months Were Revised Higher The Fed’s G17 release on Industrial production and Capacity Utilization for July indicated that industrial production rose by 0.9% in July after rising by a revised 0.2% in June and a revised 0.8% in May, and is now up 6.6% from a year ago . . . the industrial production index, with the benchmark now set for average...

Colored transmission electron micrograph (TEM) of SARS-CoV-2 coronavirus particles. Credit: National Infection Service/SCI.Commenter and blogger, Prof. Joel Eissenberg, Biochemistry and Molecular Biology  In the unceasing effort by the Right to politicize and weaponize the COVID-19 pandemic, some politicians have seized on a recent paper from Israel claiming that natural infection provides better protection than two doses of the Pfizer vaccine....

July Durable Goods: New Orders Down 0.1%, Shipments Up 2.2%, Inventories Up 0.6%, Commenter and also Blogger at MarketWatch 666 The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for July (pdf) from the Census Bureau reported the value of the widely watched new orders for manufactured durable goods fell by $0.4 billion or by 0.1 percent to $246.9 billion in July, following a revised increase of 0.8% to $257.6...

“Eissenberg: Why a booster might be necessary,” Assistant Professor of Internal Medicine, Washington University, Linda Eissenberg, St. Louis Post-Dispatch, August 26, 2021. Professor Linda Eissenberg has spent over two decades studying microbial pathogens and has worked over 13 years on immunotherapies for cancer. _____________ Even people who were vaccinated are expressing anxiety these days, wondering whether they’ll be protected...

Socially Ambivalent Labour Time XV: “Chapter Six” from the draft manuscripts of Capital The draft “Chapter Six” was preceded by an earlier version of the analysis of formal and real subsumption of labour under capital. That earlier version is 28 pages long in volume 34 of the Marx-Engels Collected Works. “Chapter Six,” proper, is 111 pages long. The earlier version contains one mention of the “labour socially necessary.” The later version contains...

By Steve Roth ( Steve Roth is a contributor to Angry Bear and is currently publisher of Evonomics. Originally published at Evonomics) April 14, 2021 You hear a lot about bottom-up and middle-out economics these days, as antidotes to a half-century of “trickle-down” theorizing and rhetoric. You’re even hearing it, prominently, from Joe Biden. [embedded content] They’re compelling ideas: put more wealth and income in the hands of millions,...

Initial and continuing jobless claims: the good news continues The good news for both initial and continued claims continued this week. Initial jobless claims rose 4,000 to 353,000 from last week’s pandemic low. The 4 week average of claims declined by 11,500 to 366,500, another new pandemic low: Significant progress in the decline of initial claims had stalled for the last 2 months, but that has ended.The story is the same for...