[unable to retrieve full-text content]A review of the tax break impacts from 1981 till 2020 and who benefited the most from them. I found it to be interesting and detailed in what was occurring during this time period. As you read it and review the graphs, I believe you will find the majority of the tax breaks were targeting […] The post Review of the Tax Code and Who Benefited the Most from the Breaks in It appeared first on Angry Bear.
Read More »Lawler: Early Read on Existing Home Sales in October
[unable to retrieve full-text content]by Bill McBride Calculated Risk From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today . . . I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.97 million in October, up 3.4% from September’s […] The post Lawler: Early Read on Existing Home Sales in October appeared first on Angry Bear.
Read More »Watch Months-of-Supply! Housing
[unable to retrieve full-text content]Watch Months-of-Supply! by Bill McBride Calculated Risk Both inventory and sales are well below pre-pandemic levels, and I think we need to keep an eye on months-of-supply to forecast price changes. Historically nominal prices declined when months-of-supply approached 6 months – and that is unlikely any time soon – however, as expected, months-of-supply is above 2019 […] The post Watch Months-of-Supply! Housing appeared first on...
Read More »On Remembrance Day
[unable to retrieve full-text content] – by New Deal democrat Today in the US is officially Veterans Day, in which we salute the service of all veterans. But it started – and still continues in some countries – as Remembrance Day, a somber memorial to all those who were killed in World War 1, which ended on November 11, 1918. […] The post On Remembrance Day appeared first on Angry Bear.
Read More »The business of aging
[unable to retrieve full-text content]My wife and I are recently retired. We moved to New England to be close to our grandson and his parents. We’re living independently in a three-bedroom detached house. My parents were able to live independently into their early 80s, when my dad began to dement. My mom was much smaller than him, and wasn’t […] The post The business of aging appeared first on Angry Bear.
Read More »And It Makes No Difference Whether the Needed Fifth Vote is Missing Because . . .
[unable to retrieve full-text content]There is considerable doubt about Richard Glossip’s guilt for a brutal 1997 murder in Oklahoma City, for which he has twice been sentenced to death. It also appears unquestionable that he has never gotten a fair trial. Glossip’s case is now before the U.S. Supreme Court, where his fate may actually be determined by the incoherence of the court’s recusal […] The post And It Makes No Difference Whether...
Read More »A Proposal to Address the Housing Crisis
[unable to retrieve full-text content]by Bill McBride Calculated Risk News Letter Economist Adam Ozimek and John Lettieri (CEO, Economic Innovation Group) have a new proposal to address the housing crisis in the United States: How the next president can solve America’s housing crisis U.S. housing costs are out of control. The median home for sale was rarely more than four times […] The post A Proposal to Address the Housing Crisis appeared first on Angry Bear.
Read More »The Administrative state
[unable to retrieve full-text content]The plutocrats on the right want to dismantle the administrative state, so they say. Of course, their wealth derives directly from the fiction of private property and an administrative state is required to enforce that fiction. Their wealth is monetized in currency, which is another fiction that the administrative state holds a monopoly on. The […] The post The Administrative state appeared first on Angry Bear.
Read More »Trump vs Harris on homelessness
[unable to retrieve full-text content]Trump promises to round up the homeless and put them in government internment camps. Only if they seek treatment and counseling, they might then qualify to be moved to housing. Harris takes a “housing first” approach. Get a roof over their heads and some housing stability, then offer the treatments and counseling that can move […] The post Trump vs Harris on homelessness appeared first on Angry Bear.
Read More »Weekly jobless claims return to near normal
[unable to retrieve full-text content]– by New Deal democrat After two weeks of being highly elevated YoY, initial claims returned to a more “normal” range this week, as except for Florida, hurricane disruptions largely disappeared. For the week initial claims declined -15,000 to 227,000. The four week moving average increased 2,000 to 238,500. With the typical one week delay, […] The post Weekly jobless claims return to near normal appeared first on Angry Bear.
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