The Angry Bear

 by New Deal democrat Weekly Indicators for July 5 – 9 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. To the surprise of many, interest rates have gone down in the past few weeks, to the point where they have resumed being a positive in my long leading model. Meanwhile, as the “delta wave” of COVID builds in the unvaccinated States, once again the pandemic will begin to assert control over the economy, at least as to...

Topical thread Unemployment is socially necessary. Tags: Disposable Industrial Reserve Army

Coronavirus dashboard for July 12: the completely preventable “delta wave” is here The completely unnecessary and preventable “delta wave” of COVID infections, hospitalizations, and deaths is now in force – all three metrics are now rising nationwide. Here are the 7 day average of confirmed cases (thin line) and deaths (thick): Cases have gone up roughly 50% from their 11,300 troughs 3 weeks ago. Deaths likely bottomed 7 days...

Almost Record Heat In Death Valley  My niece, Erica Werner, is a reporter for the Washington Post.  She long covered heated debates in Congress over economic policy, getting on the front page a lot as during the passing of the Covid relief bill earlier this year. But then she moved to South Pasadena, CA a few months ago for family reasons and disappeared from the WaPo front page. But there she is on today’s front page and above the fold with a...

Tags: open thread

Steve Hutkins from Save The Post Office, “Why the USPS proposal to reduce service standards will cause “undue discrimination” The Postal Service’s plan to reduce service standards is now being reviewed by the Postal Regulatory Commission for an Advisory Opinion. On Monday, June 21, the Postal Service and several of the intervenors in the case submitted their briefs and statements of position. You can find the briefs here, and the statements of...

Professor Heather Cox Richardson, A history professor interested in the contrast between image and reality in American politics. I believe in American democracy, despite its frequent failures. “Letters from An American“ On Friday, as President Joe Biden signed “An Executive Order Promoting Competition in the American Economy,” he echoed the language of his predecessors. “[C]ompetition keeps the economy moving and keeps it growing,” he said. “Fair...

US crude supplies falling at a record pace, down 17.4% YoY; gasoline output at a 22 month high; record gasoline demand The Latest US Oil Supply and Disposition Data from the EIA, RJS, Marketwatch 666 US oil data from the US Energy Information Administration for the week ending July 2nd showed that even after a sizeble decrease in our oil exports and a modest decrease in our refinery throughput, we still needed to withdraw oil from our stored...

The Removal of Robert E. Lee’s Statue from Charlottesville Early this morning the statue of Robert E. Lee was finally removed from a park in the city of Charlottesville.  This issue had brought the awful racist riot on August 17, 2017, which led to Heather Heyer being killed by a racist in a car. A statue of Stonewall Jackson, long located on the city courthouse site, was also removed, as well as later in the day without warning a statue of Lewis...

Commenter and Agriculture Economist Michael SmithThe Tale of Two Freezes:This one has been a long time coming and with the special session happening in Texas with our legislature a few things have become very apparent. Texas gets criticized heavily in the media all over the United States, and arguably, worldwide. We are a cast as a brazen form of maverick insurrectionists some of it reality, some not. But the truth is a little more egregious. Let’s...