[unable to retrieve full-text content]For 4 decades I have been trying to deal with, what seems to me to be a contradiction between empirical results. Kahneman and Twersky note two things. One is diagnostic expectations – people over react to useful signals of membership in a group – diagnostic symptoms.  One example is that red hair is diagnostic of […] The post Diagnostic Expectations vs Anchoring appeared first on Angry Bear.

"This is an amazing and unique work of art." – Martin Nicolaus.I had my first inquiry from someone who wanted to buy a copy of my new pop-up book. This presented me with a dilemma because I had never intended to sell copies of the book. The rationale for not selling appears in the book – on pages eight and eleven. The nature of capital is that "real wealth must take on a specific form distinct from itself, absolutely not identical with it, in order to become an object of production at all."...

[unable to retrieve full-text content]Consumer Price Index as taken from the Bureau of Labor Statistics. I have done “nothing” to alter this report. This was not a bad report. People are reacting to past issues with pricing and costs. Unless Trump is bluffing with his tariff’s threats, I would expect some major increases in prices and costs as countries […] The post Consumer Price Index – October 2024 appeared first on Angry Bear.

[unable to retrieve full-text content]I missed this piece from May of this year. Been too busy trying to maintain a blog rather than write or find excellent articles to present at Angry Bear. I apologize for the later. Me writing? you just have to live with it for now till more authors become a regular occurrence here. This piece […] The post Ending Medicare Advantage Overpayments appeared first on Angry Bear.

The Deficit Myth: The Biggest Lie In Politics .[embedded content] In modern times legal currencies are totally based on fiat. Currencies no longer have intrinsic value (such as gold and silver). What gives them value is basically the simple fact that you have to pay your taxes with them. That also enables governments to run a kind of monopoly business where they never can run out of money. A fortiori, spending becomes the prime mover, and taxing and...

[unable to retrieve full-text content]Angry Bears I will attempt to have something up to read this Thursday (Thanksgiving). I believe Joel will be on and off also. He has not put in for vacation yet. But then we do not pay for holidays! 🙂 I am also traveling on the 3rd of December to Chicago. My time in Chicago […] The post Thanksgiving Holiday plus Some appeared first on Angry Bear.

This is another post for my commonplace book. It is extraordinary difficult to get a rational explanation for the marginal revolution. Trying to imitate nineteenth-century physics seems to be part of it. "Marx implicitly assumes the the whole of social reproduction is mediated through the exchange of commodities, including the reproduction of labor power, that is, the reproduction of people themselves. We can view the labor that produces what productive workers consume as the labor...

Why would you have your RRP rate above your min FFR target and then not understand why MMMFs won’t fully engage in Tsy markets?How stupid are these f-ing people?When Fed did RRP in the first place they created a competing risk free asset class to Tsy securities which was bad enough… but then set the rate higher than your min target?#Fed officials are mulling a 5 bps cut to the reverse-repo rate to align it with the lower end of the federal funds target range. Nov meeting minutes highlight...

[unable to retrieve full-text content]Made in America returns! Consumer-goods supplier Reckitt Benckiser is looking to respond faster to shifts in demand for over-the-counter pharmaceuticals by moving more of its manufacturing to the U.S., its largest market. Reckitt is investing $200 million into a factory in Wilson, N.C., that it acquired last month, part of an effort to rewire its supply chain […] The post Coming to America . . . More Manufacturing appeared first on Angry...

[unable to retrieve full-text content]– Israel Agrees to Cease-Fire With Lebanon’s Hezbollah—But What About Gaza?, Common Dreams. After months of slaughtering those not responsible, then you ask for a truce? “A cease-fire agreement between Israel and Hezbollah appeared to be within reach on Monday amid reports that Israeli Prime Minister Benjamin Netanyahu repeatedly scuttled diplomatic efforts in recent months. – The Global […] The post...