The Angry Bear

Last 21 Days ACA Healthcare History On September 7th and shortly after Pelosi and Schumer decided to be nonpartisan and help Republicans who still had an ounce of decency to pass hurricane Harvey aid and set a new National Debt Limit, I wrote about the inherent dangers of being so magnanimous. Lets face it, during the Obama 8 years, Republicans made it a vow even before he took office to oppose everything coming from the other side of the aisle even...

A hurricane workaround for industrial production Last week I mentioned that the regional Fed surveys plus the Chicago PMI can be used as a workaround to account for the effects of hurricanes on Industrial Production. It isn’t pretty and by no means is it perfect, but for the (hopefully only) two or three months that we need it, we can use the workaround to give us the underlying trend in production, particularly for manufacturing.This is a two-step...

A hurricane workaround for industrial production Last week I mentioned that the regional Fed surveys plus the Chicago PMI can be used as a workaround to account for the effects of hurricanes on Industrial Production. It isn’t pretty and by no means is it perfect, but for the (hopefully only) two or three months that we need it, we can use the workaround to give us the underlying trend in production, particularly for manufacturing.This is a two-step...

by Peter Dorman (originally published at Econospeak) Gentrification This is the bane of urban development, right? Old housing stock, built for yesterday’s working class, is spiffed up and priced far out of reach of today’s regular folk. High end shops replace hardware stores, bric-a-brac recyclers and appliance repair centers; a tide of designer coffee flushes out the cheap, refillable kind. Who can afford to live there? But wait! Those refurbished old...

by Peter Dorman (originally published at Econospeak) Gentrification This is the bane of urban development, right? Old housing stock, built for yesterday’s working class, is spiffed up and priced far out of reach of today’s regular folk. High end shops replace hardware stores, bric-a-brac recyclers and appliance repair centers; a tide of designer coffee flushes out the cheap, refillable kind. Who can afford to live there? But wait! Those refurbished old...

Dan here…Angry Bear Steve Roth’s clear and thorough writing continues…please go to the original for more graphs…I could not include the largest in the Angry Bear format in its proper place.  Go straight to read more to view the whole post…. By Steve Roth (originally published at Evonomics) Insanely Concentrated Wealth Is Strangling Our Prosperity Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile of wealth, and then he just hung out in...

Dan here…Angry Bear Steve Roth’s clear and thorough writing continues…please go to the original for more graphs…I could not include the largest in the Angry Bear format in its proper place.  Go straight to read more to view the whole post…. By Steve Roth (originally published at Evonomics) Insanely Concentrated Wealth Is Strangling Our Prosperity Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile of wealth, and then he just hung out in...

A thought for Sunday: the most important issue in the 2016 election was . . . This is a post I’ve been meaning to write for several months. For a while after the election last year, there was a debate about whether the “economic anxiety” in the (white) working class was the most important factor vs. was it simply a matter of racism. The consensus has nearly settled on the narrative that racism was decisive, to the point where “economic anxiety” has...

A thought for Sunday: the most important issue in the 2016 election was . . . This is a post I’ve been meaning to write for several months. For a while after the election last year, there was a debate about whether the “economic anxiety” in the (white) working class was the most important factor vs. was it simply a matter of racism. The consensus has nearly settled on the narrative that racism was decisive, to the point where “economic anxiety” has...

Here’s a fascinating graph from an article in the Lancet: Click to embiggen. (The figure should show deaths all the way to >95 years) The graph is a bit complicated at first, but it will convey some interesting information if you stare at it. What jumps out at me is how many more people were dying under age 25 in 1990 than in 2016. The number of deaths in 2016 v. 1990 increased dramatically for those above 25, particularly among the older cohorts....