Tag Archives: US EConomics

[unable to retrieve full-text content]Rust Belt cities reborn? – The one-handed economist Guest Post by Student Sara Pittsburgh and Detroit, known as Rust Belt cities because of their proximity to areas of heavy manufacturing, were two of the wealthiest American cities in the 20th century (Warda, 2016). Yet today, while one city is said to be a model for […] The post Rust Belt Cities reborn? appeared first on Angry Bear.

[unable to retrieve full-text content]The Dodd–Frank Wall Street Reform and Consumer Protection Act passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession. The CFPB in creation was an independent bureau within the Federal Reserve. Its creation was meant to write and enforces rules for financial institutions, examine both bank and non-bank […] The post What Will Result from Not Having a CFPB appeared first on...

[unable to retrieve full-text content]Here we are EOM February, have economic projections improved under Trump? I do not believe, this administration gives a damn about economic projections. It is open to questions though. 🙂 Stay-At-Home Macro (SAHM), “The Fed’s Summary of Economic Projections isn’t living up to its promises,” Claudia Sahm On December 18th, the Fed officials voted to […] The post Economic Projections is not living up to its promises...

[unable to retrieve full-text content]Citigroup credited a client’s account with $81tn when it meant to send only $280, an error that could hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues. Yes, that is 81 trillion U.S. Dollars, which about says it all. The good news for Citi is that–this time–they managed to get […] The post Time for A Few Small Repairs? appeared first on Angry Bear.

[unable to retrieve full-text content]Each week, R.J. sends me briefings on various topics (covid, etc.) impacting the nation. This particular report caught my eye. If you have worked in the food industry, you would know an outbreak of listeria is serious. Such an outbreak leads to a shutdown of a facility for a long period of time. The FDA […] The post Illnesses from contaminated food increased in 2024 appeared first on Angry Bear.

[unable to retrieve full-text content] – by New Deal democrat There were two important points in this morning’s personal income and spending report for January. The first is that there appears to be some unresolved seasonality at work. The second is that nevertheless both were weaker than one year ago. Nominally personal income rose 0.9%, while spending declined -0.2%. Since […] The post January income and spending show unresolved seasonality in a typical late cycle...

[unable to retrieve full-text content]At the most. The GOP leadership keeps trumpeting work requirements and fraud when asked where they’ll find $880 billion in cuts to health care programs. That’s nonsense according to Merrill Goozner. The fraudulent work requirement meme, GoozNews I was glad to see fellow substacker Paul Krugman weigh in this morning on how the Republican Party is attacking […] The post Medicaid Fraud Reduction Might Save $50 Billion appeared...

[unable to retrieve full-text content]– by New Deal democrat This week’s report on initial jobless claims was of particular interest, because of the issue of whether Federal employees laid off by the new Administration would cause an increase. It appears they did. Initial jobless claims rose 22,000 for the week to 242,000, and the four week moving average rose 8,500 […] The post The end of “steady as she goes” in jobless claims? appeared first on Angry Bear.

[unable to retrieve full-text content]As the EPI article says decades of federal policy and court decisions have placed limit on Labor’s to strike as allowed under the National Labor Relations Act (NLRA). Evolving over the years, millions of workers have been excluded from the NLRA right to strike. As you can see on the graph below the numbers of […] The post Unions, Labor, and Work Stoppages appeared first on Angry Bear.

[unable to retrieve full-text content]More unwelcome news in (new) house prices, while sales continue sideways trend  – by New Deal democrat I almost always start out my post on new home sales by indicating that, while they are the most leading of all housing metrics, they are very noisy and heavily revised. That was true in spades for this […] The post More Unwelcome News in (new) House Prices appeared first on Angry Bear.