The Angry Bear

The Public Reappearance Of The Israeli-Palestinian Conflict  Sigh, so much that is so obvious, and so much that is not, but so much that is so sad, especially as there seems to be little real prospect of any serious improvement or settlement on the underlying issues.  Indeed, it is probably the case we did not see anything happen for a good 7 years because from the Palestinian side things looked so hopeless in the face of ongoing Israeli expansion...

Hear that China is in trouble with an aging, decreasing population. Headline says that California is in trouble; decreasing population for the first time ever. Years ago now, we heard that Japan was in trouble with an aging, decreasing population. Japan’s doing fine, thank you. And, China and California will both be better off for the decrease. More is not always better. We know where they are coming from with this stuff. They bought into the old...

China successfully lands a rover on the red planet, National Geographic, Andrews The Zhurong rover survived the harrowing “seven minutes of terror,” touching down on a vast plain called Utopia Planitia that may once have been the site of an ancient ocean. Zhurong will search for evidence of water and past habitability on Mars, possibly paving the way for future human missions. China is now only the second country in history to explore the Martian...

Today (Saturday, May 15th) I learned that my EconoSpeak post, “Disposable People” (which has over 2500 views) has been reinstated by Blogger. I never knew it had been removed. If I was a GOP whiner, this would be a prime example of cancel culture in operation. But of course, it’s only an artefact of “moderation that has to rely on algorithms” to identify potential community guidelines violations. ...

April’s consumer and producer prices, retail sales, and industrial production; March business inventories and JOLTS, Commenter RJS, Market Watch 666 Producer Prices rose 0.6% in April on Higher Wholesale Food Prices, Wider Margins for Transportation Services The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.6% in March, as prices for both finished wholesale goods and margins of final services providers rose 0.6%. That...

 Protesters trashed windows at the Oregon State Historical Society and left this graffiti:  Credit: Willamette Weekly Econospeak . . . Tags: econospeak blog

[embedded content] Credits: Reuben Walker, animation and music. Tom Walker, concept and design. Charles Wentworth Dilke, Sydney John Chapman, and Arthur Olaus Dahlberg, analysis and inspiratio. Tags: econospeak blog

New jobless claims continue to improve, while continuing claims concerningly stall New jobless claims continue to be the most important weekly economic datapoint, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic – both new infections and deaths are near their lowest points in a year.  We have hit my objective for new claims to be under 500,000 by Memorial Day. My second objective is...

April retail sales “disappoint,” but maintain almost all of March’s surge [Note: I’ll comment on industrial production in a separate post later]At first glance, April’s retail sales report looks like another Big Miss. Nominally (blue) sales increased less than 0.1% (rounded to unchanged). Adjusted for inflation (red), they declined -0.7%: But the important point is that the big jump in March didn’t get taken back.  As I wrote last month:...