32 economists associated with the University of Chicago at some point in their careers were awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, which is often referred to as the Nobel Prize in Economics. With all that expertise, you’d assume that the University of Chicago would be a paragon of […]

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This report is coming out of Thailand as reported by the “Bangkok Post.” I like to read other news sites as they offer a different perception or perspective on what is occurring. It is obvious; plastic waste disposal is problematic. Plastic does not deteriorate readily. Many countries see it as problematic while some countries see […]

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 – by New Deal democrat Industrial production is much less central to the US economic picture than it was before the “China shock,” since so much production moved overseas, meaning US consumers buy much more imported goods than they used to. Still it is an important if diminished coincident indicator. This morning’s report for July can […]

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This piece by Claudia Sahm is about two weeks old. The perspective is still worth reading. The economy is still be pulled one way or another as Tr__p plays he tariff games up and down and who makes deals and who does not. That is enough to create uncertainty in the market. “There are factors […]

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– by New Deal democrat Normally I don’t pay too much attention to producer prices, but occasionally they are very important – and today is one of those days.  Here’s why. In the past, as shown in this graph going back over 50 years: when producer prices outstrip consumer prices, that means producers aren’t able to […]

The post Producer prices for July (apparently) show the first significant negative effects of Tariff-palooza! appeared first on Angry Bear.

Exhibit A. The emperor grovels for the Nobel Prize (per The Guardian): “Donald Trump cold-called Norway’s finance minister last month to ask about a nomination for the Nobel peace prize, Norwegian press reported on Thursday.” Exhibit B. Bondi levies felony charges for a guy who threw a sandwich at a federal agent. So the law-and-order […]

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It is about time, citizens and Democrats confront Trump and push back on him and his administration. Look at these guys masked and wandering around normal citizens These are not criminals they are going to confront. These are citizens who might even be their neighbors. It is no different than the late sixties and early […]

The post Leaving the Knife at Home appeared first on Angry Bear.

Dean Baker: Don’t Buy the Scare About Social Security. “The increase in spending on Social Security from 2033 to 2034 (measured as a share of GDP) is 0.03 percentage points. That would be less than 1.0 percent of the Pentagon’s budget. This is the extent of the increased economic burden in the year the trust […]

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Trump’s takeover of law enforcement in the District of Columbia, his mobilization of the National Guard and his deployment of other Federal law enforcement personnel to combat the falling crime in the District, has had a lot of talking heads pondering his real motivation. All agree that while he is claiming an emergency exists with […]

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 – by New Deal democrat Obviously this morning’s PPI number was the most important report of the day. I want to get to that later, but first let’s update the jobless claims situation. The good numbers in initial claims continued, as they declined -3,000 to 224,000. The four week moving average increased 750 to 221,750. But […]

The post Initial and continuing claims continue to trend in opposite directions appeared first on Angry Bear.

Andrew Sprung is my go to guy when I need more information, I know Maggie Mahar would use him too. What you are going to read about is the impact come EOY 2025 or 2026 once the subsidies are eliminated from the Biden presidency. It will become much hard for the a family of 4 […]

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by Paul Krugman Paul Krugman on E.J. Antoni taking over BLS if appointed by Pres, Trump. “there’s a good chance that Antoni will, in fact, take over the BLS. And the result will be the total destruction of one of the world’s greatest statistical agencies.” On Monday I wrote about Donald Trump’s disastrous press conference touting the […]

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Teslas are pretty popular here in Rhode Island. While that appears virtuous, it’s important to recall that 95% of Rhode Island electricity comes from natural gas, so those Teslas are running on fossil fuel. EVs are proliferating all over the planet: “Ann Arbor (Informed Comment) – Car News China reports that in the first half […]

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My little post on the warnings by Paul Krugman and others that the US economy might be entering a period of stagflation, was prompted by my experience as young man who finished his education, started in his career and got married in the 1970’s when “stagflation” was the buzz word and politicians kept pointing fingers […]

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Part of a GALLUP report. A large percentage of Americans are changing their drinking habits. If you click on the link, you can read the rest of the report. Briefly, the opinion appears to be changing as many more are saying that even drinking in moderation or “one or two drinks a day” is bad […]

The post Drinking Any Alcohol is Now Bad for Your Health appeared first on Angry Bear.

 – by New Deal democrat In my note yesterday about the July CPI, I noted the transition from the trend where overall inflation ex-shelter was low, and shelter was high but disinflating, to a trend where inflation ex-shelter while still low was increasing, as shelter contributed the most to disinflation. The question was, and will be […]

The post Shelter, tariffs, and “just-so” inflation indexes appeared first on Angry Bear.

Having lived near Ann Arbor, I know of University of Michigan, History Prof. Juan Cole. WE did exchange a few emails in the past. I was looking to talk with him and perhaps write about him in Angry Bear. It never came to pass. He is a trustworthy source of information if you are looking […]

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Washington D. C. Mayor Muriel Bowser: “While this action today is unsettling and unprecedented, I can’t say that given some of the rhetoric of the past, that we’re totally surprised. I can say to D.C. residents that we will continue to operate our government in a way that makes you proud.” Fact checking Tr__P’s claim […]

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 – by New Deal democrat The story of this month’s CPI report is summed up in the first few graphs below: the shelter portion of the index continues its slow deceleration, while the non-shelter portion of the index appears to be in a slowly rising trend. This has resulted in headline inflation trending ever so […]

The post The consumer inflation transition continues, as shelter prices decelerate further, and other sectors show some re-acceleration appeared first on Angry Bear.

I am a licensed soccer coach who coached mostly teens and soon to be teens who could not make the upper level teams. In time they evolved into better players or just decided playing soccer would be an interest and not a goal. World Cup ended with Chelsea winning it all. Of course, Tr__p was […]

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