The Angry Bear

Wason Oct 7 Survey 24 New Wason Poll: Harris Leads Trump by 11 points Among Virginia Likely Voters – Christopher Newport University (cnu.edu) NEWPORT NEWS, VA — The Wason Center for Civic Leadership at Christopher Newport University today released its first statewide survey for the elections on November 5th. The survey indicates, Democrat Kamala Harris holds an 11-point lead over Republican Donald Trump, with support at 52% to Trump’s 41%. In...

– by New Deal democrat First things first: there’s almost no significant economic news at all this week until Thursday, so don’t be surprised if I play hooky for a day or two. The coincident headline news out of last Friday’s employment report was very positive, so most all observers heaved a sigh of relief. Of course, precisely *because* it is coincident, it could all be reversed next month, or by next month’s revisions to Friday’s data....

Former Bear Bill McBride at Calculated Risk is sharing another of his excellent commentaries. This time his focus is on rising homeowner insurance costs. Timely for sure. Helene has gone through the southern states and another hurricane is coming. Insurance costs were up then and will more-than-likely increase again for states bordering the Atlantic. I have noticed our HO Insurance taking a jump also. CalculatedRisk Newsletter by Bill McBride...

Economist David Zetland at The one-handed economist blog offers up another interesting book review detailing life in Ukraine during the nineties. David Zetland, The One Arm Economist’s Book Review: “Death and the Penguin“ This 1996 novel by Andrei Kurkov tells the story of a failing writer who suddenly finds himself with a full-time job writing obituaries. He also has a penguin, Misha, who he “rescues” from Kyiv’s Zoo when they run out of...

Last year, mRNA vaccines won the Nobel Prize in Physiology or Medicine. This morning found RNA once again the recipient of the Nobel Prize in Physiology or Medicine. By the time I finished college, RNA was familiar to me as a family of biopolymers that together specified the manufacture of proteins in cells. Ribosomal RNA made up the platform and enzyme that performed the assembly of amino acids into proteins. Transfer RNAs were the small adapter...

You all down South there can wait 30 more days for additional Federal relief after hurricane Helene has done the worst seen in decades and we decide how much more you will need. “Mike Johnson’s Big Decision Could Impact Helene Relief Efforts,” MSN. Its ok, he is one of them. His $20 billion should tide you over. What an ass . . . Pre-Helene hurricane hitting land, Mike Johnson allocates $20 billion in relief funding. It now appears the Level 4...

Taken from the Bureau of Economic Analysis. Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Second Quarter 2024 and Annual Update Partial Report: Real gross domestic product (GDP) is increasing at an annual rate of 3.0 percent as shown in the second quarter of 2024 (table 1). This is according to the “third” estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP...

 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. There was a slight fading of several indicators in the short leading and coincident sphere, but overall the positive and improving trend continues. As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me a little bit for organizing and presenting it to you. The Bonddad Blog Weekly Indicators for...

A history lesson of what not to do and yet may still come to pass. October 5th, 2024 by Prof. Heather Cox – Richardson Letters from an American More politics rather than economics. Some of it does fit. The concept is political for an upcoming election. William McKinley is having a moment (which I confess is a sentence I never expected to write).  Republican presidential nominee Donald Trump is elevating McKinley, a representative...

From Prof. Timothy Snyder’s substack “Thinking about…” Shared with permission:“Think about the politicians Trump idolizes, Vladimir Putin in Russia and Viktor Orbán in Hungary. The first undid a democracy through fake emergencies, the second through persistent constitutional abuse. It is not hard to see why Trump likes them. “Now consider the Russian and Hungarian economies. Russia sits on hugely valuable natural resources, and yet is a poor country....