The Angry Bear

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...

MarketWatch 666: July’s retail sales, industrial production and new home construction; June’s business inventories, Commenter and Blogger RJS The July report on New Residential Construction (pdf) from the Census Bureau estimated that the widely watched manual count of new housing units started in July was at a seasonally adjusted annual rate of 1,534,000, which was 7.0 percent (±8.9 percent)* below the revised June estimated annual rate of...

Coronavirus dashboard for August 25: is the Delta wave close to peaking? I’ve been writing for about a month that, if the US outbreak followed the cycle of India and the UK, in which the Delta wave hit its peak about 6 to 8 weeks after onset, in the US the peak would be about Labor Day. As the graph below (which is in log scale better to show accelerating and decelerating trends) shows, it looks like that is about to happen: For the US as a...