The Angry Bear

“Dr. Doom” At It Again: Predicts 10-Year Depression That would be Nouriel Roubini of NYU who got his moniker back during the Great Recession, which he called pretty well in 2006.  He did this clearly yesterday in an interview in The Intelligencer, although he has been pushing something like this for some time now, bringing in all sorts of things like climate change and more pandemics to reinforce this long run forecasr, although he thinks in a decade...

“Dr. Doom” At It Again: Predicts 10-Year Depression That would be Nouriel Roubini of NYU who got his moniker back during the Great Recession, which he called pretty well in 2006.  He did this clearly yesterday in an interview in The Intelligencer, although he has been pushing something like this for some time now, bringing in all sorts of things like climate change and more pandemics to reinforce this long run forecasr, although he thinks in a decade...

Coronavirus, the economy, and the election: the jury is still out on all three There is some housing data out today; I’ll probably have a post up about it tomorrow at Seeking Alpha, and I’ll link to it here. Meanwhile, the jury is still out on the effects of the “reopening” of many States on coronavirus infections. Here’s a graph of the 7 day average of tests, new infections, hospitalizations, and deaths, divided between the Boston, NYC, Philadelphia...

A Compromise on Liability So Mitch McConnell and the senate Republicans want blanket employer liability protection as the price of another round of economic support.  They have this leverage because Democrats kept postponing their agenda until they were the only ones with a list of things they wanted to spend money on. (This illustrates classic bargaining theory to a T.  Bargaining power depends on how much you think you will lose if the agreement is...

Woke Is Reactionary: The Small Business Lending Edition We live in a drastically unequal society.  Everywhere you look you will find injustice, constraint and exploitation.  Being a member of a racial or other minority increases the odds you will end up on the short end, so what should we do about it?  There’s a progressive solution, to change the system so injustice, constraint and exploitation are minimized.  And then there’s the woke solution, to...

This is the same stuff/sh*t, I am seeing in Michigan. I wish I could give them one week of Covid so they could learn. The following is from Digby at Hullabaloo: I just watched another 60 something mask-less Republican woman in Arizona standing in a crowd of others just like herself tell the news media that she thinks the Coronavirus is not worse than a cold or the flu and she has no fear of it. (She also weirdly said that they don’t even have a name for...

In response to the comment on my last post . . . rolling 7 day average death rates with the peak for each country set to 100. We peaked later than most countries other than Germany, which seems to be making better progress than us.  We may be doing as well (or as badly) as the U.K.  It seems like France and Spain are also outperforming the U.S. on this metric.

We seem to be doing comparatively poorly at getting the COVID-19 epidemic under control: Is this a useful metric for measuring progress?  To what extent does this reflect policy choices?

(Dan here…NDd’s post points to more than the impact of the US catching up in testing only recently, but also points to beginning answers readers have asked in comments about what the statistics show regarding re-opening and where we might be failing to report. ) Coronavirus dashboard: emphasis on testing I want to focus this edition on testing issues. While the seven day average number of deaths continues to decline: The seven day average number of...