The Angry Bear

This is my oldest son the weekend of the Apollo moon landing. The whole country was glued to their TVs that week. Figure 1 The TV was about the state of the art 50 years ago and my brother, the photo journalist, took the photo.  In  the pre-digital era he mostly worked in black and white.

Trevor and I worked together on the supply of antennae for keyless go automobiles including Chrysler, Mercedes, BMW, Skoda, etc. I had met him while working in Germany as the Purchasing Manager for North America. He was representing a German/Czech company. I spent time traveling around Germany, Switzerland, and the Czech Republic. Partook of Czech Budweiser beer which is many steps up from the American version. We have been exchanging words on the...

June consumption was strong, while production was weak Tuesday morning’s retail sales and industrial production releases for June are consistent with my take that the consumer sector of the economy is doing OK, while the production sector remains in trouble. Let’s start with retail sales. Retail sales are one of my favorite indicators, because in real terms they can tell us so much about the present, near term forecast, and longer term forecast for...

Well by attacking the group Trump got the press to completely forget about the refugees on the southern border. You would think that after all this time the media would learn to deal with his misdirection.

  Congress has been busily working on a much-needed way to improve Middle Class savings and growth over the span of their employment to boost their retirement. Dueling bills to restructure IRAs and 401ks appear to be redundant. Better known as the “Setting Every Community Up for Retirement Act” (SECURE Act) H.R.1994 and the Senate has a similar bill, the “Retirement Enhancements and Savings Act” S.792 (RESA). Both bills were passed with bipartisan support. For the ultra rich? A...

A Half Century Since Apollo 11 Launched To The Moon On July 16, 1969, a half century ago today, a Saturn 5 rocket launched from Cape Kennedy on its way to the moon, where Neil Armstrong and Buzz Aldrin would land on the moon on July 20 before returning successfully to earth.  Recent books have made clear just how close a call it was with many things nearly going wrong that would have doomed them, including such oddities as Aldrin using a felt tipped pen...

by New Deal democrat The consumer vs. the producer economy Prof. Edward Leamer wrote over a decade ago that, in a consumer led recession, first housing turns, then vehicle sales, then other consumer goods. What do home and vehicle sales tell us now about the economy, vs. corporate profits? This post is up at Seeking Alpha. As usual, clicking over and reading puts a penny or two in my pocket. ...

Mark Thoma has a post up on Facebook. Apparently, Trump intends to nominate Dr. Judy Shelton to the Fed. I knew Trump was bat-sh*t crazy and now he has confirmed he is bat-sh*t stupid too (if you did not already know this). It is hard to know which is worse as they come in a daily stream of excesses. I do not necessarily agree with my former Econ Prof (not Mark) from time to time; but, he does have a deeper knowledge on the topic than I, to which I listen...