Tag Archives: Featured Stories

Pulled from Comments Section. Fred Dobbs Commentary NY Times magazine – July 17 Pioneering Economist Says Our Obsession With Growth Must End, NYT, David Marchese  Growth is the be-all and end-all of mainstream economic and political thinking. Without a continually rising G.D.P., we’re told, we risk social instability, declining standards of living and pretty much any hope of progress. But what about the counterintuitive possibility that...

Coronavirus dashboard for July 11: BA.4&5 now over 80% of cases without creating a new wave, as COVID heads toward endemicity The CDC’s variant proportions data for this past week is out, and it shows that combined BA.4&5 made up slightly over 80% of all infections. BA.5 was at 65%, and BA.4 at 16%: [Note: graphs are not yet available. I will post both the national breakdown and the regional variations graphs as soon as they are...

Aggregate hours and payrolls of nonsupervisory workers and the onset of recessions An important reason I focus on whether or not the economy is heading into recession is that during recessions income and jobs both decline for the middle and working classes as a whole. In that regard, Jared Bernstein, a member of Biden’s Council of Economic Advisors, posted two graphs over the weekend contra the panic about a potential negative Q2 GDP reading. ...

[unable to retrieve full-text content]A month ago the upcoming election seemed likely to go very badly for the Democrats, with a large loss of seats in the House, and an uphill battle to hold the Senate as well.  Today things look somewhat brighter for the Democrats, for several reasons: The Republican nominating process has produced some pretty weak general […] The post State of the mid-terms appeared first on Angry Bear.

[unable to retrieve full-text content]I have been waiting for an explanation on inflation like this to break loose from a credible source other than myself(?). If you have been around long enough, you kind of know what is going to take place once the Fed starts to increase Fed rates. You may have been around in the seventies when […] The post Explaining Away Stagflation, Inflation, and the Fed appeared first on Angry Bear.

Abraham Lincoln quoting Thomas Jefferson on judicial despotism and oligarchy At Springfield, Illinois, July 17, 1858 Now, as to the Dred Scott decision; for upon that he [Douglas] makes his last point at me. He boldly takes ground in favor of that decision. This is one-half the onslaught, and one-third of the entire plan of the campaign. I am opposed to that decision in a certain sense, but not in the sense which he puts on it. I say that in...

June 29, 2022, Letters from an American, Prof. Heather Cox Richardson ~~~~~~~ What is up in this Letter?: The House Select Committee is considering to call “Pat” Cipollone to testify. Republican pundits are calling Cassidy Hutchinson’s testimony devastating. Ginni is having second thoughts on discussing her “boilerplate and unremarkable” comments. A Ukrainian-born businessman is sentenced in Federal Court. ~~~~~~~ Today, the House Select...

The silver standard, one hundred and Thirty pieces of Silver’s thought “In evaluating fundraising for congressional candidates, the model now places more emphasis on contributions received within the candidate’s state. Fundraising is a highly nationalized activity these days; Democrats in California and New York regularly contribute to Senate campaigns like that of Democrat Jaime Harrison of South Carolina, who raised a record amount of money in...

House prices continued to surge through April; expect no meaningful moderation in the CPI anytime soon House price increases continued to go through the roof as of April, as reported this morning in both the Case Shiller and FHFA house price indexes. The Case Shiller national index rose another 2.1% for the month and 20.4% YoY, just 0.1% below last month’s biggest YoY% gain ever, while the FHFA purchase only index rose 1.6% for the month, and...

Every once and a while, I wander to various sites to see what is cooking there. Kinda to get a bit of a change to our dialogue at Angry Bear. I found this one post on the Texas Part Platform by Infidel posted a few days ago to be interesting. Infidel had been featuring AB at “Crooks and Liars” too. To which I say, “Thank You.” “About that Texas Republican platform,” Infidel753 The Texas Republican party platform has become notorious across...