[unable to retrieve full-text content]– by New Deal democrat Although manufacturing is of diminishing importance to the economy, (it was in deep contraction both in 2015-16 and again in 2022 without any recession), the ISM manufacturing index remains an important indicator with a 75+ year history of accurately describing that sector and forecasting it over the short term.  Any […] The post ISM manufacturing index and construction spending report of a goods producing sector...

[unable to retrieve full-text content]– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Last week I wrote that exogenous factors – like political decisions – could have nearly simultaneous effects across all timeframes of indicators. In other words, the long and short leading indicators as well as the coincident indicators, could all react at the […] The post New Deal democrats Weekly Indicators for February 24 – 28...

Some very interesting developments that will affect the market performance going forward. 

[unable to retrieve full-text content]Some Background on Molds Building molding tools is a one-off event. You spend the $tens of thousands and the tool lasts a certain amount of throughput dependent upon material molded (some being more difficult or corrosive) and care. The numbers of cavities will impact costs. Too many and it increases cost of the tool and […] The post Steel and Aluminum Tariffs appeared first on Angry Bear.

[unable to retrieve full-text content]As a lifelong member of The Church of the Second Chance, I get this: “Then he calls his friends and neighbors together and says, ‘Rejoice with me; I have found my lost sheep. ‘ I tell you that in the same way there will be more rejoicing in heaven over one sinner who repents than […] The post RFK Jr comes to Jesus appeared first on Angry Bear.

from Dean Baker (I saw that Jeff Bezos wants the Washington Post’s editorial page to run pieces touting the merits of free markets. Here’s my submission.) There are not many issues on which there is largely bipartisan agreement, so the story we tell about the origin of economic inequality stands out. Both sides agree that the increase in inequality of income and wealth is driven by an unfettered market. The difference is that conservatives say it is wise to accept the outcomes of the...

The relation of knowledge to power is one not only of servility but of truth. Much knowledge, if out of pro­portion to the disposition of forces, is invalid, however formally correct it may be.If an émigré doctor says: ‘For me … is a patological case’, his pronouncement may ultimately be con­firmed by clinical findings, but its incongruity with the objective calamity visited on the world in the name of that paranoiac renders the diagnosis ridiculous, mere professional...

Marx, like Adam Smith and Walt Rostow, had a stages theory of history. Feudalism was succeeded by capitalism, and capitalism is to be succeeded by socialism. Socialism is to arise first in the most advanced capitalist countries. (The theory of history is not my favorite part of Marxist theory.) Russia, in 1917, was a semi-feudal country with peasants as the largest class. I guess China was the same, before Mao. A Marxist would not expect socialism to be successful in either country. I...

[unable to retrieve full-text content]Trump posted on his pseudo-twitter site: “I will make sure the U.S. is the Crypto Capital of the World.” He announced something he calls a US crypto strategic reserve. What, exactly, is a crypto reserve? Look, I get it. Money is whatever people use as a medium of exchange and a store of value. And […] The post Crypto capital of the world appeared first on Angry Bear.

[unable to retrieve full-text content]Professors Michael Hudson & Richard Wolff dissect the state of US politics in the DOGE era, with the end of dollar hegemony nearing and a peace dividend urgently needed. The post The Horizon Nears on America’s Free Financial Ride first appeared on Michael Hudson.