The Angry Bear

Trump All Over The Place On Oil Prices Indeed, are we surprised? But POTUS has reached a new level of hypocrisy on all this. So a while ago when oil prices began falling sharply, Trump bragged about how much this was going to help consumers, and he should get credit for it, of course. More recently, since WTI crude and even Brent fell below $30 per barrel (with WTI just over 20 right now, and Brent just over 30), he became worried about his pals in the...

I have had this re-posted today because I believe it is as relevant today as when I wrote it in May, 2009.  My hope is that this event we are living moves enough new people to realize the society we built is not sustainable.  My hope is that one of the basic questions I was trying to answer in a more completely when I started blogging at AB is answered in a manor such that the nation and ultimately humanity becomes more inclusive: Why do we have an...

Thinking about the coronavirus is bleak, so let’s do some political philosophy to cheer ourselves up. Libertarian philosopher Jason Brennan has a new post up claiming that our obligations to help strangers are much weaker than we might think they are, and may not exist at all, because most people are “morally very bad”. Brennan begins with this question: To what degree are our moral obligations to provide help and assistance to strangers reduced because...

Coronavirus dashboard for April 13: Plateauing and stasis Here is the update through yesterday (April 13). The bottom line is that infections and deaths appear to have plateaued, while there has been no progress towards any “test, trace, and quarantine” regimen that is the necessary next step; and to the contrary Trump appears to be bound and determined to try to reverse lockdowns anyway. Number and rate of increase of Reported Infections (from Johns...

A thought for Sunday: a brief history of Republics anticipates Trump I just finished reading William R. Everdell’s “The End of KIngs: A History of Republics and Republicans,” which was originally published in 1983. It was interesting to read a book that treated Watergate as recent history! I want to write at more length about this book, but for now, consider the following excerpts and consider how they relate to our current situation. In his chapter about...

(Dan here..Robert leads with a disclaimer, but I respectfully disagree it does not belong here. So this is lifed from Robert’s Stochastic Thoughts). Experts and Me This is much too self indulgent for Angry Bear. I am trying to understand what I think of the recent discussion of leaving things up to the experts. Donald Trump is making a very convincing case for leaving things up to experts by pretending to be able to outguess them using his gut. I remain...

Weekly indicators for April 6 – 10 at Seeking Alpha – by New Deal democratMy Weekly Indicators post is up at Seeking Alpha.. As you can imagine, most of the numbers are horrible. Clicking over and reading will bring you as up to date as you can be on the economy, and as usual rewards me a little bit for my efforts.

Consumer prices sharply decline in March: keep your eye on wages This morning we got some monthly economic data that will be actually valuable to watch throughout this Coronavirus Recession: consumer prices. That’s because during recessions, consumer price growth decelerates, as does wage growth, which continues to decelerate well after the recession bottoms out. Since monthly changes in inflation are closely correlated with the gas prices, let’s start...

I am back complaining about the FDA as I have in The Ethics of Clinical Trials and 10 years earlier Clinical Trial Ethics (an aside — I had forgotten the old post and Google reminded me that I have been banging this drum for a decade). Now I have a lot of company, because of the pandemic. Many people (including the ex FDA director Gottlieb retweeted by a Senator Brian Schatz) argue that the extreme circumstances imply that delays that are normally...