The Angry Bear

by Gregg Colburn and Clayton Page Aldern Homelessness is a housing problem Somewhat of a writeup on homelessness using a review and the author’s introduction to the economic problem. Amazon published review of the book, “Homelessness Is a Housing Problem.” Authors Gregg Colburn and Clayton Page Aldern seek to explain the substantial regional variation in rates of homelessness in cities across the United States. In a departure from many...

Who gets the money? Follow the assets. by Steve Roth Originally Published at Wealth Economics This post by Judd Legum at Popular Information (read and subscribe!) prompts me to revisit the issue of share buybacks. This passage in particular: It seems eye-popping. But is it? Even (especially?) finance and econ types don’t really understand buybacks from a big-picture, macro, national-accounting perspective. Here’s a shot at explaining...

Jobless claims hold their ground against the most challenging comparisons of last summer  – by New Deal democrat This week completed the most challenging YoY comparisons with last summer. Recall that I suspect there may be some unresolved post-pandemic seasonality in these numbers, as this year’s increase starting in late spring has been close to a mirror image of last year’s increase. So if there is some real new weakness in jobless claims,...

It appears people will argue the economic and social positives of the different political parties over periods of time. They probably are different. So, EPI has managed to chart the differences. What the first four charts do is detail the differences between the two parties over two different time periods. One time period staring in 1949 and the next time period in 1981. A contrast in beliefs? Maybe . . . The last two Appendix Charts compare...

Here is the campaign speech Harris delivered in Wisconsin.  It’s good:  short, to the point, and upbeat.  She hits on the right issues:  Trump is a criminal, abortion, economic opportunity, Republicans cannot be trusted with Social Security and Medicare, etc. A patriotic framing that emphasizes that the United States is a great country could help present this bill of particulars in a compelling way.  The basic message would be “Yes, we have our...

by Tom Walker Econospeak Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.1 Karl Marx’s preface to A Contribution to the Critique of Political Economy contains the best-known description of his theory of history. At some point contradiction between the relations of production and the forces of production become fetters on the latter, ushering in a period of social revolution. The traditional interpretation...

Four Climate and Decarbonization Commentaries by Professor Joel Eissenberg A collection of Joel Eissenberg’s posts. Read only. 1. Geoengineering and the global climate crisis – Angry Bear Global heating continues unabated. While decarbonizing our energy sources is certainly important, it is too late to prevent global disaster.  2. Why do we need carbon capture? – Angry Bear Yesterday, I posted about geoengineering the oceans as a promising...

I lived in Michigan for twenty-something years in the district Mike was our House Representative (8th Congressional District). Mike was mediocre at best and followed the Republican line. Republicans controlled the House and the Senate and the Governorship the majority of the time. Michigan lost approximately 800,000 jobs during that time as well as industry. Since Mike is running for Senator, I will be portraying his past as a Congressional...

Back to my points (AB), we have survived a pandemic, provided for the welfare of the citizenry, and the nation is on its way to better times. The only sticking point being the 2017 tax cut which is leaving the nation with another reoccurring deficit. How quick the influential 1-percenters were to move away from Biden as this was on his list of things to fix. Will a President Kamala make it a priority too? ~~~~~~~~ Back in the 1990s, when...

 – by New Deal democrat Now that we have new as well as existing home sales, let’s take a little more extended look at the housing sector. Let me start by reiterating the big picture: mortgage rates lead sales, which in turn lead prices. Further, new home sales are the most leading of all housing metrics, but they are noisy and heavily revised. The much less noisy single family permits lag them slightly. Finally, we are looking for relative...