[unable to retrieve full-text content]US consumers keep economy on solid ground ahead of election – By Lucia Mutikani Reuters WASHINGTON, Oct 30 (Reuters) – The U.S. economy grew solidly in the third quarter. Consumer spending increasing at its fastest pace in 1-1/2 years and inflation slowing sharply, continuing to defy forecasts of a recession, and outperforming its global peers ahead […] The post Economy on Solid Ground “Before Election” appeared first...
Read More »Inflation During a Pandemic, Other times, and the Results
[unable to retrieve full-text content]Can you blame Biden for this? Not likely. Companies can price to what the market will bear and more. Creating Tariffs on overseas product will exasperate the issue and cause higher prices resulting in inflation. If you wish to cut out overseas companies? Bring the product back to the US for manufacture. That is another […] The post Inflation During a Pandemic, Other times, and the Results appeared first on Angry Bear.
Read More »Six thoughts about the election and democracy
[unable to retrieve full-text content]The Trump problem is not – and never has been – the electoral college The problem is that Donald Trump is a competitive presidential candidate in the United States, despite his manifest unsuitability for office. There are various reasons for Trump’s competitiveness. Some of these reasons are structural (the weakness of our parties and our […] The post Six thoughts about the election and democracy appeared first on...
Read More »Who brought us Trump?
from Peter Radford Battle is joined … This might annoy some of you — it is my hasty first thought. The Democrats have been thoroughly defeated. Deservedly so. They no longer relate to, or reflect, the American working class. Without building such a relationship they cannot regain power. Nor should they. Yesterday, early on the morning of election day, a friend of mine forwarded an article by Robert Reich who argued that, in order to defeat Trump, Harris needed to focus more on the...
Read More »Real GDP for Q3 nicely positive, but long leading components mediocre to negative for the second quarter in a row
[unable to retrieve full-text content] – by New Deal democrat As usual, I’ll take a quick look at this morning’s headline GDP numbers for Q3 before passing on to my more important focus on the release’s leading components. Real GDP grew at a 2.8% annualized rate in Q3. Just like Q2, this is a perfectly good number in line with the […] The post Real GDP for Q3 nicely positive, but long leading components mediocre to negative for the second...
Read More »Healthcare and the 2024 presidential election
[unable to retrieve full-text content]Republicans have long objected to the ACA, and Trump tried several times to have it overturned; he’s claimed he’ll replace it with something better, but in eight years, he’s never come up with even a rudiment of a proposal. And here’s Speaker Johnson at a campaign stop yesterday: “No Obamacare?” an attendee asked Johnson, referring […] The post Healthcare and the 2024 presidential election appeared first on Angry...
Read More »Title 8 Apprehensions, Office of Field Operations (OFO) Title 8 Inadmissible, and Title 42 Expulsions
[unable to retrieve full-text content]The last 4 years of Border Encounters appears to be more than what the Trump Administration experienced. Is this a bad thing? Why did it occur? Has there been more crime? Encounter data includes U.S. Border Patrol (USBP) Title 8 Apprehensions, Office of Field Operations (OFO) Title 8 Inadmissible, and Title 42 Expulsion. Demographics for […] The post Title 8 Apprehensions, Office of Field Operations (OFO) Title 8 Inadmissible, and Title 42...
Read More »Trump’s Proposals Could Bankrupt a Vital and Popular Program Within Six Years
[unable to retrieve full-text content]A bit of a rewrite of an article. The Social Security scandal Trump doesn’t want you to know about by James Downie MSNBC Something else Donald Trump doesn’t want you to know about and how it will impact you. This type of plan always comes out later and then everyone says; “well if I had […] The post Trump’s Proposals Could Bankrupt a Vital and Popular Program Within Six Years appeared first on Angry Bear.
Read More »The 2024 economic laureates and more Nobel nonsense
from Steven Klees I am quite sure that this year’s three Nobel Laureates in economics — Daron Acemoglu, Simon Johnson and James Robinson – are very competent new institutionalist economists. Lars Syll offers a thoughtful critique of their substantive arguments, but he misses the main point for me. New institutional economics, by and large, is nonsense. We used to have many sensible institutional economists who offered a qualitative, sociological-type analysis of the role of economic...
Read More »Speech in the House of Lords – Ukraine
Below is my speech on Ukraine in the House of Lords on the 25th of October. Unfortunately, time constraints forced me to leave out two bits of my argument which I will put in brackets in the text. “My Lords, I am usually put last on the speakers’ list in any debate on this topic, but I treat that as a badge of honour. I welcome the opportunity we have been given to take note. I have been taking note of the Government’s position on Ukraine for over two years now. It is unchanging: the...
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