from Lars Syll What does concern me about my discipline, however, is that its current core — by which I mainly mean the so-called dynamic stochastic general equilibrium approach — has become so mesmerized with its own internal logic that it has begun to confuse the precision it has achieved about its own world with the precision that it has about the real one … The dynamic stochastic general equilibrium strategy is so attractive, and even plain addictive, because it allows one to generate...

The ignorance is so deep and it never ever ends. 

[unable to retrieve full-text content]Angry Bears’ New Deal democrat discusses JOLTS frequently. I am not sure if everyone knows what it means. I believe it calls for a short explanation. The acronym JOLTS is an abbreviation for “Job Openings and Labor Turnover Survey.” The Bureau of Labor Statistics (BLS) produces JOLTS reports monthly and also annual estimates of job […] The post JOLTS revisions from Yesterday’s Report appeared first on Angry Bear.

Den tillträdande tyska förbundskanslern, kristdemokraten Friedrich Merz, har tillsammans med sin tilltänkta koalitionspartner annonserat en uppgörelse om att utnyttja parlamentets två tredjedels majoritet – förutsatt att de får med sig de Gröna – för att släppa på skuldbromsen. Syftet är att finansiera försvarssatsningar över 1 procent av BNP samt att skapa en infrastrukturfond på svindlande 5000 miljarder euro under tio år. Merz har också föreslagit att EU ska undanta...

[unable to retrieve full-text content]Proud to see this coming from Rhode Island: “A new bill introduced to the United States House of Representatives would withhold federal funding for any American “operations to invade or seize territory from” Canada, Panama or Greenland — unless Congress agrees to it first, that is. “Introduced Thursday by Rhode Island Rep. Seth Magaziner, the […] The post No Invading Allies Act appeared first on Angry Bear.

Music that heals my soul in troubled times .[embedded content]

[unable to retrieve full-text content]On and on and on, for more than ninety mins, he driveled hatred, racism, and bigotry; sputtered treasonous proposals.  They cheered every drivel and sputter.  Rose enthusiastically to their feet time after time.   Their adoration of their magus on full display to the world.   Europe, all the free world, shuddered with the memories evoked; […] The post A Developed Taste appeared first on Angry Bear.

[unable to retrieve full-text content]China, China, China. China is not the only offshore manufacturer of automotive wire harnesses, plastic parts, stampings, etc. There is also Malaysia, Thailand, Philippines, etc. I know because I was tasked with visiting our plants as a supplier of US materials and parts. Yes, China is in the mix and I would fly into Beijing […] The post The North American Automobile Industry Waits for Trump and the Gov. to Act appeared first on Angry Bear.

[unable to retrieve full-text content]Finding a reputable child care facility or person to watch your child or children has become more difficult and costly. The EPI articles compares the cost to other items as well as costs in each state. For low wage workers the costs have become unsustainable. Policymakers have been pushing for addition sources for preschool care. […] The post Families Struggle Paying for Child Care While Working appeared first on Angry Bear.

[unable to retrieve full-text content]”Never interrupt your enemy when he is making a mistake.”~Napoleon Bonaparte What should Senate Democrats do about the GOP continuing resolution? Filibuster and send it back to the house, which will certainly mean a shut-down? Or let it pass on the grounds that Democrats can’t be blamed for the consequences? James Carville’s argument is that […] The post Time for Senate Dems to stand up against Trump/Musk appeared first on...