The Angry Bear

by New Deal democrat Marking my 2019 forecast to market One of the things I do at the end of every year, in the interest of transparency, is to go back and see how my 6 and 12 month forecasts for the year panned out. So how did I do this year? Not perfect, but not too shabby either. I marked to forecasts to market Over at Seeking Alpha. As usual, clicking over and reading puts a penny or two in my pocket for my efforts...

The Unreasonableness Of The Policy Defense Of Trump In today’s (12/27/19) Washington Post, regular Trump defender, Mark A. Thiessen published a column, “The 10 best things Trump did in 2019”  This turns out to be mostly things either not worth defending or Thiessen, who simply never criticizes Trump, misrepresenting situations.  Here they are. 10. “He continued to deliver for the forgotten Americans.”  This amounts to unemployment continuing to decline,...

Two Can’t Miss Sessions in San Diego Next Week Well, I can’t miss them because I’m in them.  You can, but why would you? Climate Crisis Mitigation: Implementing a Green New Deal and More Union for Radical Political Economics: Paper Session Friday, Jan. 3, 10:15am–12:15pm Manchester Grand Hyatt San Diego – La Jolla B “Financial Bailout Spending Would Have Paid for Thirty Years of Climate Crisis Mitigation: Implementing a Global Green New Deal and Marshall...

A roadmap to a Democratic Senate supermajority A worthy criticism made by many observers on the Democratic side is that most of the plans being painstakingly described by the Presidential candidates will come to nothing, because the filibuster in the Senate will kill them all. The GOP will then run on the “do nothing” socialist democrats in 2022 and 2024 to retake the Congress and Presidency. As things now stand, that is a reasonable position. Bear in...

I found this interesting.  Mr. Giridharadas was invited to discuss his perspective regarding his themes of his book Winners take all.  He was invited by the Dutch Parliament’s Finance Committee to discuss his book.  All 6 parties showed up.  All had been given the book prior and several had read it.   This is a link to the entire 1.5 hour presentation via Youtube. One of his points that I found most interesting was at 7:13 of the discussion, during his...

Happy [insert name of preferred religious holiday here]! 3 quick hits I’ll be traveling and enjoying the holiday for a few days, so … light to non-existent posting! In the meantime, three quick hits for you: 1. New home sales – continued strength in this very forward looking sector. Even though sales declined m/m, the upward trend is pretty clear: Figure 1 2. Durable goods – flat (blue), except for Boeing (red), which is bad: Since Boeing is...

Is There An Objective Reality? Yes. So this is the ontological question: is supposed apparently “objective” reality really real? I come at this as someone who in the past questioned this.  I had my period of post-modernist questioning of objective reality. This culminated in a paper, which  I presented as a major address to receive a major recognition at my university, “Belief: Its role in economic theory and action,” American Journal of Economics and...

2019 has been a strange year. I hope for  a better 2020 with  a Happy Landing later in the year. In the spirit of Christmas; Be Safe, Enjoy Family, Be Thankful for Life, Give Freely to Others, Eat Hearty and Drink some good Beer, Wine, or Liquor of your choice, and Relax. The appropriate saying for the time? “Then the Grinch thought of something he hadn’t before! What if Christmas, he thought, doesn’t come from a store. What if Christmas…perhaps… means a...

run75441: Catching up something we missed. NDD pointed out AB had missed a post on the 15th Amendment which happened two days before the last posted (17th) “Live Blogging  the 15th. “ Live-blogging the Fifteenth Amendment: December 15, 1868 Sen Orrin S. Ferry (R-Conn), in the course of offering a joint resolution to lift the disabilities mandated by the 3rd Section of the Fourteenth Amendment against those who participated in the rebellion: [I]t does seem...

Does Menzie Chinn Or Tyler Cowen Replace Mark Thoma? The retirement of Mark Thoma, whose Economist’s View has been praised on his retirement with having transformed the econoblogosphere back in the mid- noughties by linking regularly, daily in his heyday, to other blogs, including this one. Thanks to him when the big crash happened, there was a wide open debate across levels and schools of thought in economics about what was going down. But for some...