The Angry Bear

Commenter r. j. s. at MarketWatch666 Retail Sales Fell 3.0% in February After January Sales Were Revised 1.9% Higher Seasonally adjusted retail sales decreased 3.0% in February after retail sales for January were revised 1.9% higher . . . the Advance Retail Sales Report for February (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales totaled $561.7 billion during the month, which was 3.0...

Back when they came up with the shtick about divine right, was a time when the people were more amenable to such. If not, then they, the people, could almost always be convinced. After the monarchies, and their off-shoots the sub-monarchies of Lords and Ladies, began losing some of their divine radiance, this at about the same time that the people started to become more enlightened, the true blues realized that they needed to come up with something...

Save The Post Office‘s, Steve Hutkins With all the attention to delivery delays over the past several months and the Postmaster General’s plans to relax delivery standards — as well as calls for more transparency about postal operations — this seems like a good time to launch a Service Performance Dashboard. The Postal Service itself publishes a useful service performance dashboard, but it shows only quarterly performance scores, and it just...

Loyola – Chicago emerged with a convincing 71-58 victory over top-seeded Illinois. This was no “fluky” aberration either as the eighth-seeded Ramblers never trailed and led by six or more for the game’s final 26-plus minutes. I think Sister Jean must have a direct line to God. Tags: NCAA March Madness ...

Steve Hutkins: This week marks the 51st anniversary of the largest wildcat strike in U.S. labor history: The Great Postal Strike of 1970 March 18th marks the day fifty-one years ago when postal workers walked off the job in New York City in what soon became the largest wildcat strike in U.S. labor history. Last March we posted this article by postal historian Phil Rubio, author of Undelivered: From the Great Postal Strike of 1970 to the...

 by New Deal democrat Weekly Indicators for March 15 – 19 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Both the nowcast and the short term forecast continue to be red hot. But interest rates continue to batter the long term forecast. As usual, clicking over and reading will bring you up to the virtual moment, and reward me a tiny bit for the efforts I put in. ...

Larry Summer is still criticizing the American Recovery Plan.  Summers: In his latest attack on the recent rush of stimulus, Summers told David Westin on Bloomberg Television’s “Wall Street Week” that “what was kindling, is now igniting” given the recovery from Covid will stoke demand pressure at the same time as fiscal policy has been aggressively eased and the Federal Reserve has “stuck to its guns” in committing to loose monetary policy.“These...

Rescued from Oblivion! I was sure that the English translation of Friedrich Engels’s Preface to volume 2 of Capital had used the expression “rescued from oblivion” in referring to the 1821 pamphlet, The Source and Remedy of the National Difficulties. But the only translations I could find didn’t agree: “In this pamphlet, the importance of which should have been recognized on account of the terms surplus produce or capital, and which Marx saved...

Disappointing weekly increase in new jobless claims, but monthly trend improves; expect a 200,000+ number of new jobs in next Employment Report  – by New Deal democrat New jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. They are going to tell us whether my suspicion is correct that, as a critical mass of those vaccinated is reached, there will be a veritable surge in renewed commercial and...