The Angry Bear

– by New Deal democrat Residential construction permits and starts bounced back from their July Hurricane-Beryl affected decline, but housing units under construction declined below the threshold for hoisting a yellow “recession watch” flag for this sector. At the same time, I continue to suspect that we are rising from lows in the most leading metrics, and no “recession warning” is warranted. To begin with, the most leading metric, housing...

Kevin Drum has a short piece on the recent surge in auto insurance rates. He doesn’t offer any explanation in his post, but the comment thread has suggestions:• a combination of increase in bad driving and lack of enforcement;• fender benders are much more costly since all the self-driving gear as well as lane alerts, back up and blind spot cameras, etc., are in the bumpers, windshields and side view mirrors;• the increased number of EVs on the...

Kevin Drum has a short piece on the recent surge in auto insurance rates. He doesn’t offer any explanation in his post, but the comment thread has suggestions:• a combination of increase in bad driving and lack of enforcement;• fender benders are much more costly since all the self-driving gear as well as lane alerts, back up and blind spot cameras, etc., are in the bumpers, windshields and side view mirrors;• the increased number of EVs on the...

The boldness of this particular Senator in publicly attacking a person, an American citizen is astonishing. Briefly, the Arab American Institute is a non-profit membership organization that advocates for the interests of Arab-Americans. Founded in 1985 by James Zogby, the brother of pollster John Zogby, the organization is based in Washington, D.C. The organization seeks to increase the visibility of Arab-American involvement and candidates in...

The boldness of this particular Senator in publicly attacking a person, an American citizen is astonishing. Briefly, the Arab American Institute is a non-profit membership organization that advocates for the interests of Arab-Americans. Founded in 1985 by James Zogby, the brother of pollster John Zogby, the organization is based in Washington, D.C. The organization seeks to increase the visibility of Arab-American involvement and candidates in...

SLATE legal experts Dahlia Lithwick and Joseph Stern picked up on a NYT article written about how Chief Justice John Roberts is not the court’s centrist. I am not sure exactly when Roberts came out of the centrist closet. In any case. Angry Bears Beverly Mann (2014) exposed Roberts as being the one waiting on more conservative justices to join the court. Of course, the majority court occurred during the Trump administration. I will not name names;...

SLATE legal experts Dahlia Lithwick and Joseph Stern picked up on a NYT article written about how Chief Justice John Roberts is not the court’s centrist. I am not sure exactly when Roberts came out of the centrist closet. In any case. Angry Bears Beverly Mann (2014) exposed Roberts as being the one waiting on more conservative justices to join the court. Of course, the majority court occurred during the Trump administration. I will not name names;...

Lawler: Early Read on Existing Home Sales in August, Calculated Risk From housing economist Tom Lawler: Early Read on Existing Home Sales in August Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.88 million in August, down 1.8% from July’s preliminary pace...

Lawler: Early Read on Existing Home Sales in August, Calculated Risk From housing economist Tom Lawler: Early Read on Existing Home Sales in August Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.88 million in August, down 1.8% from July’s preliminary pace...

And now, some good news: industrial and manufacturing production rebounded strongly in August  – by New Deal democrat In the past, industrial production has been the King of Coincident Indicators, since its peaks and troughs tended to coincide almost exactly with the onset and endings of recessions. That weighting has faded somewhat since the accession of China to the world trading system in 1999 an the wholesale flight of US manufacturing to...