The Angry Bear

[embedded content] How to stay awake for economics!

Via Truthout: In every community, there are nonprofit charities that serve real needs: local food pantries, programs addressing the opioid crisis, the Red Cross chapters that come to our aid after a storm. Charities provide vital services to the people and places they serve. These organizations lean heavily on volunteers, fundraisers, and donors. And most ordinary donors give without consideration of a tax break — people give their time, treasure, and...

When the second quarter real GDP report was published I saw that trade made a major contribution to growth — exports contributed 1.12 percentage points of the 4.1% real GDP growth.  But that seemed like some sort of fluke produced by unusual conditions rather that what trend growth would generate.  Moreover, the BEA estimate was based on only two months actual data and the other month was a BEA “guesstimates”.  So new data was quite likely to generate...

I do not know what generation Maxwell Strahan of Huffpost is of; but if he is of the Millennials, he has it correct in his HuffPost article. . . “The Greatest “Crisis of My Generation is Now a Dystopian Show.” The crisis? Student Loan debt, the penalties associated with it, and the inability to declared bankruptcy are the greatest crises facing younger generations and will also be for this nation when millions of them default. The Show? “Paid Off!”...

Click this link. Data For Progress decided to ask people about policy proposals which very serious centrists consider way too far left for America. American voters respond differently. As should already be clear from existing polls (click and search for “fair”), there is strong support for egalitarian populist redistributive public policy. At Data For Progress, they chose to emphasize the positive — four proposals with overwhelming support, but I think...

(Dan here…I thought I should pass this along for NDd) by New Deal democrat Midyear update: long leading forecast through H1 2019 at Seeking Alpha My midyear update of the 8 long leading indicators, taking the forecast all the way through the middle of next year, is up at Seeking Alpha.Not only is it informative, but I get a few pennies if you click and read it. So click and read it! Btw, I don’t have a lot to add to whatever you’ve read elsewhere on the...

Is The World’s Largest Planned IPO Kaput? That would the long planned and widely advertised IPO to sell 5% Saudi-government-owned ARAMCO, estimated at being worth US $2 trillion, making the planned IPO being at about $100 billion, well ahead of any that has happened in the past, the largest being $25 billion by AliBaba. This has been a crucial part of Crown Prince Mohammed bin Salman (MbS) has had this as a central part of his Vision 2030 plan to...

This may be what Mueller is saying to Manafort, but I include those names just to try to trick google and get clicks. I want to write about the very well known Monte Hall paradox. For the kids, there was this show “Let’s Make a Deal” featuring contestants and host Monte Hall who acted like a sleazy salesman trying to trick them. One constestant was the winner who got the final prize. They chose one of three doors. There as a big prize behind one of the...

run75441: Student Loan Justice Organization has started a letter/email campaign to Senator Elizabeth Warren via one of her aides Joshua Delaney. I have read Senator Warren on numerous occasions and she has been forthright in her proposals and opposition to the Financial and Banking industry taking advantage of the Middle Class. For whatever reason, Senator Warren has been reluctant to take up the crusade for students who have been indentured to a system...