Tag Archives: US EConomics

Been looking around for a few, new, and good writers to add to Angry Bear. I know we have Robert, New Deal democrat, and Joel amongst us now. I ran into Steve Roth since he posted to Tom Walker’s post. He is allowing me to poach from his new substack Wealth Economics and an older blog site Asymptosis. Happy about this as it allows me to write more freely too. Anyway, this commentary of Steves’ I like. Do We Wildly Underestimate GDP? Wealth...

Jobless claims end the year on a solidly positive note  – by New Deal democrat For our last data of 2023, initial jobless claims remained at a very low level, up 12,000 from one week ago to 218,000. The four week average declined 250 to 212,000. With the usual one week delay, continuing claims rose 14,000 to 1.875 million: On a YoY% basis, initial claims are up only 2.3%, while the more important four week average is up a mere 0.1%....

I promised a second entry in the series, Soft Landing this time it’s monetary. The question is why didn’t the FED’s monetary tightening cause a recession. There certainly was tightening, the Federal Funds rate rose from 0.07% to 5.33% There certainly were people who predicted a recession in 2023 (hey they still have 4 days so I am giving a hostage to fortune). Indeed some forecasters put the probability at 100%. Why ? First...

I pay to be able to talk to Merrill. What is fun is when Andrew Sprung shows up. And I am recognized for the words I write on healthcare. Been in enough hospitals to be treated for a blood disorder, I know the routine. The first hospital put me on death row. A woman stopped by and asked me if I knew where I was in the hospital. Of course, I said no. She told me, I was on death-row and they did not expect me to live. My platelets were very low and...

Charles Gaba was to become known to me because of Maggie Mahar who was featured at Angry Bear in the past. Another resident of Michigan like I was, one county and a few communities away from my own home. Thoroughly ACA knowledgeable and ACA competent. You can trust his words. I featured this commentary by Charles because it has some important dates and information. Charles is an excellent source of information on the ACA. Read him . . . The...

Repeat home sale prices may be easing back into their pre-pandemic YoY range  – by New Deal democrat As I forewarned last week, this holiday week is very light on data, so don’t be surprised by me taking some time off. We did get November home prices for repeat sales this morning from both Case Shiller and the FHFA, so let me just pass on a brief note. Seasonally adjusted prices per the FHFA rose 0.2% in November. For the last half year,...

A story that leaves me stumped. What does one do when a defect is revealed in a development that is still building out to completion? The development is controlled entirely by Builders and a Declarant. The community residents are blocked from any access to an AZ Developer run HOA. And daily management is done by the builder hired HOA. Two years have passed for this community located on state highway 347. Instead, the HOA-hired management...

I am not going to put the entire detail of the Economic Impact under both presidents up at Angry Bear. It is just too much. You can read it at the link. Snippets of information are below. MSN does not provide the charts which are in the WaPo’s article. If you have a subscription, you may want to look at it. What I have here is much of the wording of the article along with some my thoughts. “Biden’s economy vs. Trump’s, in 12 charts” (msn.com) Abha...

I have used SWI SwissInfo.ch for information a number of times in the past having gained approval to do so from time to time. Management had changed and I had to ask for permission to use their articles again. They were gracious enough to allow Angry Bear the opportunity to rebroadcast their reports in the United States. For that privilege, I am grateful. Who’s to blame for the demise of Credit Suisse? SWI swissinfo.ch, Keystone / Martin Ruetschi...

Yves Smith at Naked Capitalism posted this Yale Climate Connections commentary on vehicle speeds impacting urban climates. Where I live in AZ, speed limits, stop signs, and stop lights are just suggestions. They are not followed religiously and the accidents are often tragic. Quite a few crosses marking accident spots line the highway out of the city. In a win for the climate, urban speed limits are dropping, Yale Climate Connections, Sarah...