Tag Archives: US EConomics

EVs are certainly proliferating, not only here in East Providence but all over the planet. However, Hertz’ retreat from the rental market demonstrates the challenges facing companies with large fleets of vehicles.Hertz cuts EV fleet by a thirdTrucking companies have a lot invested in their diesel engine-powered truck fleets, and of course, many trucks are owner-operated.Enter Remora. Named after fishes that hitch rides on whales, sharks, rays,...

 – by New Deal democrat The Bonddad Blog New Deal democrat has been writing and featured at Angry Bear for years now. His economic outlooks have been accurate with few exceptions. As always the US economy is independent of us in the short term. Read on as NDd’s remarks are focusing on a sound labor market. ~~~~~~~~ As I wrote Friday, the news from the employment report was almost all good. Let’s follow up on the most important points...

An older salesman (Lou Haer) used to call on me at Oscar Mayer when I was buying all of OM’s packaging and labels. We would talk and have lunch. Visited him at his home in the suburbs of Chicago with my three and my wife. He took my two younger boys and I trout fishing at a manmade large aerated pond. They enjoined it immensely at 10 and eight years old. He had a philosophy though for college football and other sports, which the students gave...

The Biden administration will soon roll out a new student loan forgiveness proposal that could impact millions of Americans. For years, Joe Biden has been against Student Loan forgiveness. Now he is seeking forgiveness for making student loans totally unforgiveable. The proposed student loan program is smaller in scope than President Joe Biden’s first education debt relief plan which the Supreme Court ultimately blocked. Rough estimates by higher...

In sum, this month’s report was very much consistent with a “soft landing” scenario, which must be regarded as the default outcome at this point. Read-on for the details . . . – by New Deal democrat The Bonddad Blog In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically:  Whether there is further...

by Kip Sullivan JD This is a long one covering managed care and value-based care healthcare in Minnesota. The topic being why it hasn’t worked. It is worth the read. Angry Bear has covered Kip’s message on healthcare in an effort to show why healthcare costs are out of control. “The commission recommends the new state program control health care costs through managed-care organizations, such as HMOs and PPOs, the types of health plans that...

 – by New Deal democrat The Bonddad Blog Initial claims in the last week rose 9,000 to 221,000, while the four week moving average increased 2,750 to 214,250. With the usual one week lag, continuing claims declined 19,000 to 1.791 million: On the more important YoY% basis for forecasting purposes, initial claims are up 2.3%, while the four week average is down -4.5%. Continuing claims are still up, by 5.1%: The important takeaways...

Kevin Drum has a timely post on grocery inflation. Overall, it’s at 1% now.“Why do so many people still think inflation is high? It’s because they don’t respond to averages. They respond to outliers.”*snip*“Frozen juice is up 27%. Baby food is up 9%. Ground beef is up 6%. When you shop for groceries, these things are going to stand out.“Now, it’s also true that eggs are down 17%. Apples are down 10%. Fruits, vegetables, chicken, and dozens of other...

 – by New Deal democrat “it should be no surprise that Biden’s poll numbers have recently improved.” No big economic news today, so let me update a correlation with information from last Friday’s personal income data. To wit, is consumer sentiment about the economy tied to any real metric? With a lot of noise, it does appear to be correlated. The University of Michigan has been measuring consumer sentiment for over half a century. The last...

 – by New Deal democrat The Bonddad Blog The JOLTS report for February showed stabilization or slight improvement to all but one of its components, generally suggesting, well, stabilization in the overall jobs market. Starting with the monthly changes, job openings (blue in the graph below), a soft statistic that is polluted by imaginary, permanent, and trolling listings, increased 8,000 from a sharply downwardly revised January number to...