The Angry Bear

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...

Robert’s proposal as to what should be in presidential candidate Kamal Harris’s future goals for the nation and its citizens. They are good targets. The issue being whether she can convince a Congress these are worthy to pursue regardless of politics. The key to what should be (and hopefully will be) Kamalanomics by Robert Reich Harris’s family-centered policies sold as $6,000 for newborns, a tax credit that will help people with children...

Robert’s proposal as to what should be in presidential candidate Kamal Harris’s future goals for the nation and its citizens. They are good targets. The issue being whether she can convince a Congress these are worthy to pursue regardless of politics. The key to what should be (and hopefully will be) Kamalanomics by Robert Reich Harris’s family-centered policies sold as $6,000 for newborns, a tax credit that will help people with children...

by Rafael Nam NPR The American dollar has been soaring this year relative to most currencies in the world. That’s providing a lot of benefits to Americans — but it’s also creating a lot of pain. The strong dollar brings a number of advantages. It reinforces America’s economic dominance and it helps reduce inflation by making imports cheaper. But a rising dollar doesn’t lift all boats. Some exporters have been hit as the stronger domestic...

Kind of a rambling story here. What is going on? Investors are stripping the companies of their resources leaving bare bones so to speak. If you attempt to hold the prime investor responsible, the judges get in the way the same as we see SCOTUS Chief John Roberts becoming more involved and District Judge Cannon doing so under advisement of Justice Thomas. A report on the taking over of a chain of hospitals by private investors. The antagonist...

I just heard an advertisement for Kamala Harris in which she said she would raise taxes on the rich and cut taxes for the middle class. I was pleased. I note the empirical fact that, in years when the income tax is constitutional yet the top marginal tax rate is below 69%, nonincumbent Democrats are elected president if and only if they promise to raise taxes on high incomes and cut taxes for the middle class. I usually do not make predictions (I...

by Charles P. Pierce Esquire AZ State Senator Justine Wadsack thought she was privileged and a state cop calls her out with a ticket. SCOTUS Chief Justice John Roberts does the heavy lifting to save the orange one’s reputation. Small issue being the orange ones prompting of an insurrection. Robert would not compromise and why should he? He had the votes minus the three who would compromise. Charle Pierce discussing the state of affairs at...

Fun in Arizona somewhere in Tucson, AZ. One Senator believes it is ok to do 70 in a posted 35 mph area. While in office, the senator has immunity. Legislative immunity lasts only while the Legislature is in session. So the soon to be Senator was unable to wiggle out of the ticket. Twice the speed limit? Come on . . . Lawfare!’ cries Sen. Justine Wadsack as she heads to court. How dare Tucson try to hold her accountable for doing 71 mph in a 35...

by Bill McBride Calculated Risk Newsletter Intro: Former Angry Bear writer Bill McBribe taking up the issues of Mortgage Delinquency, Foreclosures, and Real Estate Owned (REO) foreclosed housing. The value of which decreased in the second quarter to (what Bill calls) a historically low total. Read on. We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key...

From everything I’ve read, Medicare Advantage is just as scam. By the time my Lovely And Talented Wife® retired and shifted to Medicare two years ago, she took the regular Medicare. This July when I retired, I followed suit. Turns out, a growing number of hospitals and health systems nationwide have dropped some or all of their Medicare Advantage contracts.“Data on this topic is limited. In January, the Healthcare Financial Management Association...