[unable to retrieve full-text content]The Trump administration is threatening to deport >10 million people. These are people who, regardless of their immigration status, are contributing to the economy and jobs by purchasing goods and service (“job creators”) and contributing to social programs like Social Security and Medicare. Indeed, if they are undocumented, they will never see benefits to the […] The post The economics of deportation appeared first on Angry Bear.

More wishful thinking from Democrat left:Given voters’ ire at the high cost of living, it might be wrong to assume Donald Trump will simply pick up where he left off and pressure the Fed to take interest rates right on down https://t.co/Mf70bunUQr— Bloomberg Economics (@economics) November 12, 2024

[unable to retrieve full-text content]In a recent economic roundtable, economists Richard Wolff and Prof Michael Hudson analyzed the surprising factors behind Donald Trump’s 2024 election victory. Wolff attributed Trump’s win to a deep, growing resentment among the American working class, disillusioned by four decades of neoliberal globalization. This shift hollowed out U.S. manufacturing, devastated cities like Detroit, and stripped jobs from communities, creating a longing for a...

[unable to retrieve full-text content]Atlantic’s Lora Kelley asks “What Do Democrats Do Now?” Or sorta like that. Trump is such a great story teller and caster of false narratives. People were looking for what they thought would be solutions to what they perceive as issues during and coming out of the pandemic. Maybe a recession would have been better […] The post What the Democrats Do Now appeared first on Angry Bear.

[unable to retrieve full-text content]Watch Months-of-Supply! by Bill McBride Calculated Risk Both inventory and sales are well below pre-pandemic levels, and I think we need to keep an eye on months-of-supply to forecast price changes. Historically nominal prices declined when months-of-supply approached 6 months – and that is unlikely any time soon – however, as expected, months-of-supply is above 2019 […] The post Watch Months-of-Supply! Housing appeared first on...

In the wake of Donald Trump’s victory, Europe can no longer content itself with declarations of intent. It urgently needs to pull itself together and regain a grip on world affairs, without any illusions about what will come from the United States. The crux of the matter is that it is impossible to face up to the socio-economic, climatic and geopolitical challenges that are shaking the planet as long as the European Union (EU) makes its decisions by the unanimous vote of all 27 member...

11th of November 2024 My Lords, there are many things to welcome in this Budget, particularly on the spending side. I am less keen on some of the tax proposals, which seem to be mean-minded and counterproductive, such as the tax on knowledge. The spending commitments are important because they reverse the disastrous policy of austerity, which has brought our public services and infrastructure close to collapse. Even the IMF, originally a champion of austerity, admitted that it had...

[unable to retrieve full-text content] – by New Deal democrat Today in the US is officially Veterans Day, in which we salute the service of all veterans. But it started – and still continues in some countries – as Remembrance Day, a somber memorial to all those who were killed in World War 1, which ended on November 11, 1918. […] The post On Remembrance Day appeared first on Angry Bear.

The Great War continues, more than 100 years later Yesterday was November 11, the anniversary of the armistice which ended fighting on the Western Front of what was then called the Great War. It’s always an occasion for sad reflection on my part, thinking about the pointlessness of the massive sacrifices of the War, which achieved nothing except to set the scene for worse disasters to come. But it’s particularly sad in a year when the forces unleashed by the War have come back to...

Is bitcoin a good buy up here at these levels?