Tag Archives: US/Global Economics

[unable to retrieve full-text content]Why The Late Janos Kornai Did Not Get The Nobel Prize  Apparently yesterday Janos Kornai died in Budapest at the age of 94. He was the greatest analyst of the socialist system there was. Indeed, his personal life saw the full history of it in in his native land of Hungary, where, being Jewish, he […] The post Why The Late Janos Kornai Did Not Get The Nobel Prize appeared first on Angry Bear.

[unable to retrieve full-text content]Michael Smith Farmer and Agricultural Economist, “Farmers need more space for crops to meet mounting demand”- AgResource | Reuters Dan Basse of AgResource Co. analyzes the impacts of biodiesel and is throwing up a potential issue.  Reuters interviewed an agronomist who is closely watching the budget reconciliations and the spending of a $350 billion yearly […] The post Analyzing the impact of biodiesel and it causing a potential...

[unable to retrieve full-text content]Kawasaki Heavy Industries plans (2018) to restructure rolling-stock operations amid heavy losses, exploring such options as quitting the business and teaming up with other companies. This is unusual for a major Japanese firm to pull out of an industry, a country, and the United States. Or at least I find it unusual having worked for a Japanese company […] The post Quality Issues, Kawasaki Subway Car Wheels are Moving Outwards...

[unable to retrieve full-text content]Focus on Fracking: US oil price at a 7 year high; largest US oil inventory build in 7 months; global oil shortage at 2,400,000 barrels per day as OPEC output is ​375,000 barrels per day short of​ quota​. Commenter and Blogger RJS OPEC’s October Oil Market Report Wednesday of this week saw the release of OPEC’s […] The post Globally; oil short at 2,400,000 barrels/day; OPEC output is 375,000 barrels/day short of...

[unable to retrieve full-text content]Bad Biden Foreign Policy  I have posted on this previously, but not for a while. The main meme is that for reasons I mostly do not get, Biden has been carrying over a lot of bad Trump foreign policies.  Some of them I understand for political reasons, even when they damage the US and world […] The post Bad Biden Foreign Policy appeared first on Angry Bear.

Another strong month for real retail sales growth; to cope, employers are going to have to sweeten the pot to add employees Real retail sales, perhaps my favorite monthly economic indicator since they tell us so much about average consumer behavior, and are also a good short leading indicator for jobs, were reported this morning for September, and they were positive. Nominally retail sales increased +0.7%, after a +0.2% upward revision to +0.9%...

Farmer and Farm Economist Michael Smith on latest proposed business policies which can impact U.S. Farming. Secretary and former Fed Chair Janet Yellen recently went on CBS in order to sell the changes to the tax code provisions that would trigger events yet unknown at the $600 level,  and potentially beyond. I’ll leave this proposal up to you if it is a great idea or not. A dish washer purchase audit is probably bad tax policy, but I’ll...

and gasoline exports at a 26 month low . . . Blogger and Commenter R.J.S., Focus on Fracking: “Oil price is highest since 2014; natural gas price fell from 12 year high after largest inventory increase in 16 months” Oil prices finished higher for the 7th straight week after OPEC decided to only add the minimum to global supplies in the coming months . . . after rising 2.6% to $75.88 a barrel last week as rising global demand amid tight...

Bad Reporting On Latest Sveriges Riksbank Prize In Memory Of Nobel  So the recipients are half of it to David Card for his 1994 study with the late Alan Krueger, who committed suicide not too long ago, on minimum wages, and how raising them might actually sometimes increase employment.  The other half was split between Joshua Angrist and Guido Imbens for developing econometric techniques for studying natural experiments, such as differences in...

The Passing Of Peter Flaschel And The Bielefeld School Of Macroeconomics  German economist Peter Flaschel died yesterday at age 78.  I am not sure precisely of what, although it was not Covid-19.  He had been in declining health for some years, with a heart problem at least.  Roberto Veneziani, from whom I learned the news, said that Peter “sounded tired” when he spoke with him a few days ago.  Ironically he spoke with him to tell him I had...