The Angry Bear

 by New Deal democrat Weekly Indicators for April 5 – 9 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The big news continues to be a bifurcation between the currently unfolding Boom, fueled by the fire hose of monetary and fiscal stimulus, and the fallout in the long leading forecast based on the increase in interest rates as a result. As usual, clicking over and reading will bring you up to the virtual moment on the...

“…other enjoyments, of a purer, more lasting, and more exquisite nature.” A defense of Weber’s Protestant Ethic thesis from the 1940s by Ephraim Fischoff makes the plausible argument that critics — and many supporters — of Weber’s essay attached unwarranted causality to it, as if “Calvinism caused capitalism.” Instead, Fischoff explained: Weber’s thesis must be construed not according to the usual interpretation, as an effort to trace the...

“US Trade Deficit Rises 4.8% in February to Record High,” Commenter R.J.S. at Marketwatch 666 Our trade deficit rose 4.8% February, as both our exports and imports decreased, but the value of our exports fell by almost three times as much as the value of our imports did….the Commerce Department report on our international trade in goods and services for February indicated that our seasonally adjusted goods and services trade deficit rose by $3.3...

Every citizen of the United States has the right to be represented in both their state and federal governments by a representative chosen in a free and fair election. In a free and fair and election, each and every vote is equal. By definition a gerrymandered election is unfair because it favors one group of citizens over another. In a gerrymandered district, one’s vote may count for nothing, one party’s vote may count for nothing. In a gerrymandered...

A Healthcare Issue Derek Chauvin trial live: Paramedic who responded to George Floyd told partner. ‘I think he’s dead.’ When paramedics arrived, Bravinder saw multiple officers on the side of the road on top of “our patient lying on the ground next to a squad car. He said he “assumed there was potentially some struggle still since they were still on top of him.”  “Prosecutor Erin Eldridge played a clip of officer Thomas Lane’s body...

Dear Senator Joe McConnell, Joe McManchin, Joe Manchin: I write to you not as a constituent because I am not one of your constituents; but, I am confused. It is difficult to align with a politician who changes his persona various times.  I am confused by your series of stances on the filibuster and what you believe it to mean with regard to the Senate and its procedures. The filibuster was never meant to be the sole action available as taken by...

Jobless claims: progress pauses, as a new surge in COVID in Michigan and the Northeast causes concern New jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. As the number of those vaccinated continues to increase, I expect 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 last week.Three weeks ago I set a...

With a Booming economy comes at least transitory inflation: March producer prices One of the economic subjects you are going to hear a lot about this year is inflation. We are recovering from a sharp if brief recession, and with the dual firehoses of fiscal and monetary stimulus, entering a Boom such as we have probably not seen in over 50 years. Unsurprisingly supplies of commodities and goods that had been cut back during the recession are...

No doubt, they saw these decisions as moments of greatness. Or, at least hoped that history would see it that way. One, an egotistical ass who used his intellect as a cudgel with which to intimidate, to bully others. The other, simply a small minded man selected for that very smallness of mind. The one, recently departed Supreme Court Justice Antonin Scalia. The other, now Supreme Court Chief Justice John Roberts. Had Justice Scalia been even half...

February JOLTS report showed a pandemic still in control Yesterday morning’s JOLTS report for February showed that the pandemic was still in control of the numbers.This report has only a 20 year history, and so includes only two prior recoveries. In those recoveries:  first, layoffs declinedsecond, hiring rosethird, job openings rose and voluntary quits increased, close to simultaneouslyThe recovery from the worst of the pandemic almost one...