The Angry Bear

Massachusetts ACA Enrollment Exceeds Last Year, Charles Gaba, ACA Signups Blog Massachusetts: (January 14, 2018) saw an increased 285,000 signups for healthcare for 2019 which is up 6.6% YOY and with 9 days left until the ACA signup deadline. This comes even though Republicans and Trump have been sabotaging the ACA. Even more impressive, 97.2% (90% National Average) of enrollees have paid their 1st month fees. Republicans and Trump Implement the CSR...

Industrial production: strong finish to 2018 Industrial production for December was reported this morning at +0.3%, slightly better than estimates. But what was really surprising is how strong the manufacturing component was, up over 1%: With this reading, YoY industrial production for manufacturing improved to +3.4%, and overall production came in just below 4%: This is in contrast to the sharp slowdown we saw in both the December regional Fed indexes...

Whatever Happened To Iran? Who? What? Where? Long a headliner in the news, Iran has disappeared from the headlnes, and even the lower pages.  It has largely disappeared from the  news, after being the g=big headline for a long time.  This is probably good for Iran, despite its many flaws. I have made a big effort to find out its current economic status. The little data out there seems to suggest that not much is happening. GDP had been falling in the...

Twenty-two hours ago McConnell posted an op-ed on the Washington Post. If you have not read it and can get into the Washington Post I included a link. If you can not get into the Washington Post; here is a link from the Intelligencer. Formerly of the Washington Monthly, Ed Kilgore takes McConnell to task. Never let it be said that Mitch McConnell can be shamed into silence or introspection. In response to H.R. 1, House Democrats’ new package of campaign...

by New Deal democrat Why I’m expecting a 2nd half rebound in housing In all of the storm und drang about yield curve inversions in the bond market, one important and overlooked consequence is how it is likely to help the very important housing sector. This post is up at Seeking Alpha. As usual, clicking over should be educational for you and helps me with a penny or two.

Notes on the government shutdown I have a post on the housing market pending at Seeking Alpha. If and when it goes up there, I will link to it here. In the meantime, here are a few important notes on the shutdown. I can’t find the quote now, but about a week ago it was floated that Trump could “save face” by declaring an emergency, starting to build the wall, and then allow the government to open. Then Trump indicated that if he declared a state of...

Getting Ever More Surreal I am referring to a comment Sean Hannity made on his show earlier this evening in his monologue. The reports tht  President Trump was under  investigation by FBI Counterintelligence as being a possible “Russian asset” supposedly taking orders from Vladimir Putin has pushed uber Trump defender Hannity to ever more surreal forms of defense, in this case one especially bizarre given the cloase association in Trump’s early career...

Flying blind The government shutdown is affecting some important economic indicators. All of the series published by the Census Bureau, including retail sales, manufacturers’ and wholesalers’ data, personal income and spending, new home sales and housing permits and starts, are not being published.  It appears that GDP is not going to be published by the BEA either. In the past I have created work-arounds for a few economic series, in particular new...

The Key to Gentrification In the world of urban politics, there is probably no more potent populist rallying cry than the demand to halt gentrification.  Activists have fought it on multiple fronts: zoning, development subsidies, permitting, rent control—every lever housing policies afford.  But what if they’re mistaking cause for effect, hacking away at the visible manifestations of the problem while leaving the problem itself intact? Pivot to...