Tag Archives: US EConomics

“Generic drugs are approved only after a rigorous review by FDA and after a set period of time that the brand product has been on the market exclusively. A generic drug is a medication with the exact same active ingredient as the brand-name drug.” It is not unusual to buy generic versions of a particular product. It will not be labeled as the same product name. I can not take certain drugs and am confined to drugs which are more costly. I started...

Initial jobless claims: moving closer to a red flag warning  – by New Deal democrat Initial claims for jobless benefits rose 12,000 last week to 248,000. The 4 week average declined -3,500 to 253,250. With a one week lag, continued claims declined -13,000 to 1.20 million: More importantly for forecasting purposes, initial claims are up 17.1% YoY. The more important 4 week average is up 18.1%, and continuing claims are up 27.0%: This is...

The Medicare Advantage Quality Bonus Program, Urban Institute, Laura Skopec and Robert A. Berenson The following is an introduction and a portion of a very readable report to which the link can be found at the end of this introduction. The findings are similar as to what Kip Sullivan and others have been reporting all along. To which I have reported and confirmed on Angry Bear on numerous occasions. The one liner finding to this being, the Quality...

An important reason to read history is to gain a perspective on current events. If you watch exclusively mainstream media television, particularly Fox News, you might be forgiven for the belief that things in this country are the worst they have ever been in history. “1877: America’s Year of Living Violently” by Michael Bellisiles is one effective antidote to that impression.The panic of 1873, when a post-Civil War speculative bubble burst, launched...

Coronavirus update: mid year 2023  – by New Deal democrat I haven’t done an update on the state of COVID since March or April. As we are halfway through the year, and just past the July 4 holiday get-togethers that sparked summer waves in the past, let’s take a look. Covid isn’t gone, but it is very much in a lull. Almost all case tracking by governments is gone. But Biobot’s wastewater monitoring, which has been very reliable, continues....

Infidel talks about the costly flops by the movie making behemoth executives and brought to us at our nearby Big Screen theater only to be disappointed and bored whichever comes first. Hopefully, there is good buttered popcorn . . . Infidel753: Cultural dinosaurs and creative exhaustion, Infidel753 Blog It’s no secret that American movies are in the doldrums.  By a recent estimate, all of Disney’s last eight big films flopped, losing a total...

How does this article fit into Angry Bear’s typical offering? It doesn’t really or it does if you believe it to be an issue of economics, personal economics, and education. An education to be careful how and where your credit cards are used. My rule(s) of thumb. If it takes too long to process a credit, ask questions about there being a problem. If the person leaves the area from where you can watch them transact the purchase, there should be an...

Manufacturing and construction sectors continue downward pull on economy  – by New Deal democrat As usual, we start the month with new manufacturing and construction data. The ISM manufacturing index goes all the way back to the 1940s, and has been a very good short leading indicator of recession throughout that time (although nothing’s perfect!). However, since the “China shock” started 20 years ago, with so much offshoring of...

SUNDAY, JULY 2, 2023 Weekly Indicators for June 26 – 30 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Movement among the indicators continues to be slow as molasses, but an important bifurcation stands out: indicators focusing on services continue to show good growth, while indicators focusing on goods are either stalled or outright contracting. As usual, clicking over and reading will...

As read at Naked Capitalism, Yves Smith writes . . .”This post provides a high-level debunking of the Fed/central bank approach of squeezing wages as the first line of attack against of inflation. It cites the views of James Galbraith. If you’d like to read a fuller discussion, please see his article The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response.” NYT Says More Worker Suffering Needed to Bring Inflation Down...