Tag Archives: US EConomics

[unable to retrieve full-text content]When you start reading this commentary, it consists of a series of purposeful misinformation statements. Some might call them lies. The people making them have nothing else, having a basis to add to this other make stuff up. The system works. Congress does not want to spend the money and fix it. For a small […] The post Another False Social Security Emergency appeared first on Angry Bear.

[unable to retrieve full-text content]DOGE is claiming to have saved $55 billion so far. The NYT calls bullshit: “The math that could back up those checks is marred with accounting errors, incorrect assumptions, outdated data and other mistakes…. Some contracts the group claims credit for were double- or triple-counted. Another initially contained an error that inflated the totals by […] The post The fake economics of DOGE appeared first on Angry Bear.

[unable to retrieve full-text content]The differences in Republican and Democrat’s views can play out in how they view certain aspects of the US. For example, small businesses versus corporations. Both appear to perceive small business as being positive and take a negative view on corporations. I suspect it is one having a greater impact versus the other. Americans overwhelmingly […] The post Perception of Business, Military, Education, and Religion appeared first on Angry Bear.

[unable to retrieve full-text content]The current House and Senate budget proposals both include defense increases of about $100-150 billion over ten years, or about $10-15 billion per year in nominal dollars. Toy Sec Def Hegseth is proposing a cut in defense spending of -$70 billion per year. Anyone who thinks the House and Senate will pass a bill with […] The post Ignore Pete Hesgeth appeared first on Angry Bear.

[unable to retrieve full-text content]– by Steve Roth Originally posted at Wealth Economics “Capital” is polysemous; it has multiple meanings. People, notably including economists (who should know better), constantly muddle those meanings together even within a single sentence, so that nobody including the speakers and writers themselves knows, or can know, what the speaker is saying. It’s a centuries-old dumpster fire — conceptual and...

[unable to retrieve full-text content]– by New Deal democrat Let’s take our weekly look at jobless claims. These are a short leading labor market indicator. Also, it is likely that the firings in the federal labor force will shortly be reflected in this data. This week initial claims rose 5,000 to 219,000, while the four week average declined -1,000 […] The post Jobless claims: possibly the final “steady as she goes” report appeared first on Angry Bear.

[unable to retrieve full-text content]“Palantir stock fell 10% for a second day on Thursday, adding to Wednesday’s 10% drop following a Washington Post report that said the Trump administration has told the Pentagon to plan for massive budget cuts over the next five years, casting doubt on a major source of the tech firm’s revenue.” I’d be happy to […] The post Mirabile dictu appeared first on Angry Bear.

[unable to retrieve full-text content]The 2024 election was, to some extent, a referendum on inflation. Voters were mad about higher prices, and they vented their wrath on the Democrats.   Was that fair?  USA TODAY asked economists to ascribe blame for the historic run of inflation, which reached a 40-year peak in mid-2022. Inflation has cooled since then, to an annual rate of […] The post Voters Blame Biden and Harris for Inflation appeared first on Angry...

[unable to retrieve full-text content]Wanna know why nobody wants to cut defense spending? It’s because defense dollars are spread all over the country. There’s a military installation in every state. Many companies have contracts with the DoD. So any discussion of cuts ends up with folks saying “don’t cut our piece, cut their piece.” No Congressman wants their piece […] The post Cutting defense spending appeared first on Angry Bear.

[unable to retrieve full-text content]Housing construction declines further into recessionary territory  – by New Deal democrat As promised, economic data resumed this morning, and with it my extended posts. First, the usual point that housing is a very important and leading sector of the economy, typically turning down more than a year before a recession begins. And with higher […] The post Declining Housing Construction appeared first on Angry Bear.