[unable to retrieve full-text content] – by New Deal democrat Yesterday’s report on existing home sales indicated, at least for one month, a pause or even reversal in the previous trend of abating price increases and increased inventory. While existing home sales are  not nearly so important to the economy as new home sales, to the extent that home buyers […] The post October existing home sales: a pause, or possibly reversal, in the rebalancing trend 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.

I noted (here on the blog and also here) that I didn't think predictions about inflation acceleration and a recession as a result of a a second Trump presidency seemed probable. Yes, he would cut social spending, but would likely expand defense spending, and the tariffs would have a level effect on prices, but not a persistent one on the rate of change (inflation). This was before the rant by Elon Musk on spending cuts and the need for real hardship. Elon suggested cuts of 2 trillion dollars...

[unable to retrieve full-text content]Interesting piece by Kareem. I guess it is not to be taken as unusual for Pres Trump to come out and sue the news media. He is striking back at his antagonists and evening up the score with them. Whether he wins or not is not a concern. He would like to win but if […] The post Efforts to Curb News Media Free Speech 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]Musk is on the Nation’s Dole. There is much he has done with the help of government funding. Now he wishes to bring efficiency to government. The largest items he wishes to attack on his list includes veterans’ healthcare, childcare, college grants, NASA, and housing assistance. That is going big with veterans especially when Trump […] The post The Nation’s Dole for the Wealthy appeared first on Angry Bear.

[unable to retrieve full-text content]An Update by Merrill Goozner on Public Health and what this administration has in mind. It appears Trump has his eye on Medicaid and the ACA. Maybe gutting them and having nothing to replace them. Kennedy/Oz as champions of public health? – by Merrill Goozner Gooz News Let’s start with some media criticism. In an […] The post The Pick to Be the “Champions of Public Health?” appeared first on Angry Bear.

As James Galbraith put it years ago, "It's the interest rate, stupid."Nostalgia: Carlos "beowulf" Mucha liberally quoted. And no, not "the coin."The Lens with Stephanie KeltonHow to Cut $2 Trillion in Federal Spending Without Breaking a SweatStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie...

This week Alex Howlett joins us to talking about Universal Basic Income Alex studies monetary theory and basic income. Basic income is a regular stream of unconditional money that goes to every individual person. His goals are to understand and help others understand the economics of basic income. Links: https://www.greshm.org/ https://www.patreon.com/c/relearningeconomics https://www.patreon.com/c/ProfSteveKeen https://businessfilmbooth.com/

More voices than ever screaming to reduce “the debt” including Elon.