The Angry Bear

Addendum to US crude supplies at 35 month low; Total oil and product supplies at 6 1/2 year low – Angry Bear (angrybearblog.com) by RJS Authors of Angry Bear Posts and I converse from time to time. We talk about what they write, what its content implies, and what they are thinking. This note came from RJS at Marketwatch 666, etc. Keep it mind as oil production has not returned to prior levels as of yet. The US has been drawing down its underground...

People really, truly hate being played for suckers.  Rick Hasen: “You could look at 2020 as the nadir of American democratic processes, or you could look at it as a dress rehearsal,” says Hasen, a professor of law at UC Irvine.To understand this fragile moment for American democracy, you could take a 30,000-foot view of a nation at the doorstep of a constitutional crisis, as Robert Kagan recently did for the Washington Post. Or you could simply...

I am no attorney. However my experience has caused me to learn the law an how it applies to us. I have learned attorneys are not necessarily honest with plebeians, You know us butchers, bakers, candle stick makers or collectively anyone at all. As a just-out-of-boot-camo Marine private, I can remember one Corporal saying this to us at Pendleton. Different story for another time. Yesterday (September 25, 2021, Robert Reich had an interesting...

August Job Growth Was Twice as Fast in States That Retained UI – “People’s Policy Project,” Matt Bruenig, September 21, 2021 I ran across this author and his site while reading a commentary (referencing Matt Bruenig’s story) on McDonalds experience in Denmark at Yves Smith’s Naked Capitalism. Since my background over 40 odd years has been in manufacturing and the impact of direct Labor on it, I was drawn to that article and visited Matt’s site....

Commenter and Blogger RJS adds more detail to what I would suggest is a coming shortage of oil and oil products. Focus on Fracking US crude supplies at a 35 month low; total supplies of oil and all products made from it at a 6 1/2 year low… US oil data from the US Energy Information Administration for the week ending September 17th indicated that despite sizeable increases in our oilfield production and our oil imports, we still needed to...

 by New Deal democrat Weekly Indicators for September 20 – 24 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. With Delta definitely receding, it appears it had no meaningful impact on the consumer economy. What *is* continuing to happen, however, is that transportation bottlenecks are continuing to drive up related prices to levels not seen in a decade or more. As usual, clicking over and reading should bring you up...

Diane Lim writes an analysis of the economic theory of the marginal incentives people have to go back to work at her blog EconomistMom. Worth a visit: Quote: “Get ready to see lots of press on the ending of pandemic unemployment benefits in some parts of the country and what it shows about how much those benefits are to blame for keeping people from getting back to work. See, for example, this Wall Street Journal story which offers this...

President Biden’s temporary ARPA Improves ACA Subsidies through 2022. xpostfactoid: Will 60-64 year-olds have a choice between Medicare and Obamacare? What will that look like?, ARP puts more ‘affordable’ in the Affordable Care Act | healthinsurance.org and How the American Rescue Plan Act will boost marketplace premium subsidies | healthinsurance.org If you have not been reading any of what is going on with the ACA and Medicare; it is time...

New home sales continue rebound in August, as price increases continue slight deceleration Housing is a long leading sector of the economy, and new home sales, while very noisy and heavily revised, tend to lead all of the other housing indicators. [Note: FRED hasn’t updated its charts with this morning’s information, so graphs below do not show this month]. So this morning’s m/m increase in new home sales was good news. It was an 8 month...

Angry Bear’s Mike Smith; I am a little baffled by our governments assessment of agriculture. Just today they released a few details about paying farmers to plant cover crop, as per this article here. House Budget Plan Offers Big Injection of Funds in USDA Conservation Programs House Budget Plan Offers Big Injection of Funds in USDA Conservation Programs (dtnpf.com), Progressive Farmer OMAHA (DTN) — Farmers would get up to $25 an acre from the...