The Angry Bear

Two noteworthy tweets It’s a slow economic news week. Housing starts and permits are reported tomorrow, and jobless claims and existing home sales on Thursday. I’ll update the Coronavirus Dashboard Wednesday.  So for today, two nuggets. 1. Nate Silver discovers behavioral psychology: This has been my paradigm for months. Panic breeds compliance with mask-wearing and social distancing. Complacency breeds risk-taking. Over time both trends wane, breeding...

Mark Jamison’s commentary on USPO matters have been featured at Angry Bear Blog a number of times. A retired postmaster, Mark Jamison serves as an advisor, resident guru, and a regular contributor to Save the Post Office. Mark’s previous posts concerning the USPO can be found here at “Save The Post Office” or by doing the search function at Angry Bear. Mark can also be contacted on USPO matters [email protected] In looking at the results of...

Just doing the local rounds and reading. One of three writers over at Naked Capitalism had this up on a small way escape the boredom of Covid.  It is more than just a promotion about chocolate and it does make you smile. When I was working in Riethim-Weilheim area of Germany near Tuttligen, on the weekend I would drive into Switzerland to a  Chocolatier in Schaffhausen and buy a nice box of chocolates to share with my German associates and then wander...

(This was first posted February 21, 2008.) Bribes, payola, favor of the physical kind? Forget-about it. Just put the right person in the appropriate agency, preferably a person from the line of business the agency is to regulate. But, for extra insurance over the long haul, with a little luck of timing you get to fix the legal issue almost permanently: supreme court justices. Justices Make it Tougher to Sue Makers of Medical Devices The case has...

by Joseph Joyce The Guardians of the Financial Galaxy The rapid expansion of the pandemic and the ensuing economic and financial collapses brought about responses by policymakers, including actions undertaken on an international basis. The Federal Reserve acted together with other central banks to ensure that an adequate supply of dollars was available to support dollar-based financing outside the U.S. Similarly, the IMF moved rapidly to provide...

Latest on the relief negotiations is here.  Short version, Pelosi and Mnuchin are still negotiating over a $1.9 trillion bill; McConnell is floating the idea of a $500 billion dollar bill, but it is far from clear he can or even wants to pass anything. If Pelosi can get to a deal with Mnuchin, that’s great.  I still think that the House should pass a bill with or without sign off from Mnuchin and challenge Trump and Senate Republicans to pass it. But I...

Real retail sales continue (inexplicably) strong, still bode well for employment This morning we got two important monthly September reports: industrial production and retail sales. I have more to say about industrial production, and some general economic analysis about retail sales, which are pending at Seeking Alpha. I will post a link once that article goes up. UPDATE: Here’s the link: Link For this blog, let’s focus on how real retail sales are...

Steve Hutkins of Save The Post Office critiques the cost-saving measures put into play to-date by PMG Louis DeJoy, the bypassing of the Postal Regulatory Commission which is supposed to review such plans, and the resulting unprecedented mail delays across the country. In conjunction with others, Steve proposes a plan to meet the Covid crisis head-on and lay a foundation for a future Postal Service. In late June of this year, a few days after the new...

Stealing Signs, Econospeak, October 13, 2020 I know this is a widespread and basically trivial matter, but since I had posted earlier about all of the BLM signs on my block (including at our house) accompanied more recently by signs related to the various political races (we have a Senate race, as well as House, and city council here) on the block, where we had some apparently hostile drivebys some while ago. So last night somebody came and stole all the...