Tag Archives: US/Global Economics

[unable to retrieve full-text content]Back when Trump rebranded NAFTA as “USMCE,” here’s what he said about it: “We have negotiated this new agreement based on the principle of fairness and reciprocity…. This is a terrific deal for all of us….This new deal will be the most modern, up-to-date, and balanced trade agreement in the history of our country…. With […] The post USMCA used to be “a fair deal for everybody” appeared first...

[unable to retrieve full-text content]I have begun a possibly long series on people’s heuristics and biases when we try to think about probability. I posted one explanation of the Allais Paradox. Click on the link for definitions as I go on assuming earlier posts have been read (this will create problems but I can’t avoid it). Briefly the Allais […] The post Allais Paradox II : Do Two Wrongs Make a Right? appeared first on Angry Bear.

[unable to retrieve full-text content]– by Steve Roth Originally posted at Wealth Economics This post is in response to a very brief Bluesky exchange I had with Dan Rohde and DT Cochrane about the origins of “The Dollar” (specifically U.S.). It led me to read about the U.S. Coinage Act of 1792. Here’s the Wiki, and the Act itself — which I can’t believe […] The post How Units of Account “Came About” appeared first...

[unable to retrieve full-text content]Reading this, about companies reacting (if the author is correct) to tariffs is not a good sign for us. We already have seen an example of the morality of companies in their downsizing of packaging (which has yet to go away) of their food product plus an adder of a few pennies here or there. […] The post Discussing the Impact of Tariffs appeared first on Angry Bear.

[unable to retrieve full-text content] – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Briefly . . . With the hurricane-induced weakness past, the short term forecast has improved to very positive. At the same time, while a few series have whipsawed the coincident nowcast to a neutral status. Importantly, consumer spending still remains strong. As […] The post New Deal democrats Weekly Indicators November 18 – 22 appeared...

[unable to retrieve full-text content]This piece is recent enough to have some relevance. I suspect, the relevance will change once Trump and his minions take office and in an unusual way. In 2023, the United States led the ranking of the countries with the highest military spending of ~ 916 billion U.S. dollars. This amounted to 3.5 percent of […] The post U.S. Defense Spending appeared first on Angry Bear.

[unable to retrieve full-text content]The United States emerged in the 20th century after two world wars as the world’s sole superpower. It further cemented its political and economic hegemony with the collapse of the Soviet Union. But like all empires throughout history, the American empire has a finite half-life, and its final decline is in full view. For some […] The post The end of the “American Century” appeared first on Angry Bear.

[unable to retrieve full-text content]Modern Argentina has had a problematic and sometimes sordid history. From the dirty war of the 1970s to hyperinflation, the South American nation has been ill-served by most of its leaders. Javier Milei was elected president of Argentina in October 2023 after campaigning to overturn the status quo and transform the economy and politics of […] The post Javier Milei: Argentina’s Trump? appeared first on Angry Bear.

[unable to retrieve full-text content]It is probably too soon to demand people to buy electric vehicles. Domestically, the technology is still evolving. Battery driven vehicles are still questionable although some of our Angry Bear commenters and writers have one. June 2024, Virginia Governor Glenn Youngkin and Attorney General Jason Miyares in a written statement declared: The Gov: “Once again, […] The post Pushing a Rope on Electric Vehicle Demands appeared first on Angry Bear.

[unable to retrieve full-text content]When I was working in Germany (Rietheim – Weilheim) just north of Switzerland, I would get the English version of their news to catch up on what Europe was doing. It was interesting in comparison to the US which lagged on goals like this. However, it is not because of not trying. Biden’s Inflation Reduction […] The post COP29: Switzerland and the world under pressure to deliver carbon cuts  appeared first on Angry Bear.