The Angry Bear

Recently, in Windsor, Virginia, United States of America, a local police officer, Police Officer Gutierrez, pulled over Army Second Lieutenant Nazario; ostensibly for the lack of displayed license plate. As it was to turn out, a temporary plate was on display in the vehicle’s rear window. When Lt. Nazario slowly proceeded to a well lighted area in front of a convenience store, pulled over, and stopped, Police Officer Gutierrez, and a second, back up,...

Coronavirus dashboard for April 19: Much great progress, and some problem children As an initial note, there is no significant economic data until Thursday this week, so don’t be surprised if I play hooky for a day or two…. Today let’s take a look at the latest coronavirus information. There’s much progress on the vaccination front. I’ll let the CDC’s numbers speak for themselves: Here’s the information graphically by age group as...

When the Pfizer and Moderna vaccines were first approved, it was clear that they were highly effective at preventing covid and that they would be in short supply for months.  The clinical trial data also suggested that, at least in the short-run, one dose of the vaccines would provide almost as much protection against covid as the two-dose protocol that was tested and approved by the FDA.  This led a number of economists and public health...

SCOTUS Is Making New Law in the Shadows April 15th, New York Times “Friday night’s injunction was at the 20th time since the court’s term began last October the justices have issued a shadow docket ruling altering the status quo. Which brings to question, the more substantive the work the justices carry out through such unusual, unsigned, and unexplained orders; the more a “shadow docket” raises concerns about the court’s decision making...

Industrial production for March disappoints – but only on the surface As an initial note, retail sales for March blew out to the upside, but as expected due to cosnumers’ spending their latest pandemic stimulus checks. This does have implications for future jobs reports, but I will report on that tomorrow. But to the main point . . .  Industrial production rose in March, but disappointingly – on the surface at least – did not recover to its...

March consumer prices, retail sales, industrial production, & new home construction; February’s business inventories RJS at MarketWatch 666 Seasonally adjusted retail sales increased by 9.8% in March, the second largest jump on record, after retail sales for January and February were both revised higher…the Advance Retail Sales Report for March (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales...

Jobless claims break on through – 1M+ jobs report for April looks likely As I have said for the past few weeks, new jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. With the number of those vaccinated continuing to increase, I have been expecting a big increase in renewed consumer and social activities, with a concomitant gain in monthly employment gains – as we saw in the March jobs report.Four...

The interviewee says that blacks are disproportionately imprisoned in the United States; notes that though blacks only make up 13% of the general population, they make up 40% of the prison population. While it is quite likely that blacks are disproportionately imprisoned, it is what the interviewee didn’t say that begs asking. Why is it that blacks are being disproportionately imprisoned? For the answer to that, first, let’s take a look at some U.S....

Raffi Khatchadourian’s Ghost Walls {Surviving the Crackdown in Xinjiang ( As mass detentions and surveillance dominate the lives of China’s Uyghurs and Kazakhs, a woman struggles to free herself.)} is beyond Margaret Atwood dystopian. Ghost Walls gives a victim’s accounting of her own experiencing of China’s reaction to the cultural differences between the Uyghurs, Kazakhs, and other indigenous Turkic peoples, and China’s Han Chinese majority. A...

 – by New Deal democrat Weekly Indicators for April 12 – 16 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The big call I made last year is that conditions were setting up for a Boom this year, once the pandemic started to be overcome. Well, almost half of all Americans have received at least one dose of vaccine, and all the signs are that the Boom is well and truly upon us. So the nowcast and short term forecast is...