A Cybertruck passed us this morning on the way back from the south shore of Rhode Island. My wife remarked that it looked like a rolling dumpster. I’ve certainly never understood the appeal. Apparently, my aesthetic is shared. “Once one of the world’s most-hyped vehicles, sales and production numbers for Tesla’s Cybertruck have fallen sharply. […]

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 – by New Deal democrat Forecasting has always been hard, and moreso since the supply chain issues of 2021-22 made reading the interest rate signals from the long leading indicators muddled. But at least the short leading indicators were intact. But now we have the additional wrench in the works in the form of a mafia-style […]

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“refining and focusing on what works and what doesn’t.” Sharing a commentary as taken from The one-handed economist. The market share of economics Some economists have called our discipline the “queen of the social sciences.” Although all the social sciences offer insights on human behavior, it seems that economics gets the most public attention and “market […]

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Something that few are talking about in Congress or the news, cuts to Medicare. Brendan Boyle is a House Representative (D) and the ranking member of the House Budget Committee. Boyle is saying Medicare and Medicaid are both in the mix to fund Tr__p’s BBB. Look at the date of the letter to Representative Brendan […]

The post $490 billion and Counting – Medicare Cuts appeared first on Angry Bear.

This is one of those situations which creates a “what are you going to do about it” scenario. Trump administration is violating a federal law that prevents the executive branch from holding back funds approved by Congress. In reality. what can Congress do? Any attempt by the executive branch to withhold appropriated funds outside the […]

The post Trump Has Illegally Impounded Funds for 4th Time in Recent Weeks appeared first on Angry Bear.

Years ago, I was invited to give a talk at Arizona State University in Tempe. My host told me to fly in early in the day, so he could take me walking in the desert. I’d never seen anything like it: mostly cactus and rocks. Seemed like Middle Earth. Since then, we’ve vacationed in Arizona […]

The post The future of the American southwest appeared first on Angry Bear.

Looking at crime in Washington D.C. as compared to similar, smaller, and larger cities. Washington D.C. is no worse than other cities and is better than most. Looking at all crime and homicides. If you go to the site Council on Criminal Justice, you can take a deeper dive. I chose five cities to review […]

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When my mom was diagnosed with multiple myeloma, she was given a chemotherapy that had proven so effective at the time that they couldn’t predict how much longer it would extend her life since not enough people had died yet. Progress in the war on cancer in the last 20 years has been amazing. Innovations […]

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Be Careful What You Wish For. More stories by the Tr__p administration in an effort to distract from himself, his administration and Republicans. WASHINGTON – Total violent crime for 2024 in the District of Columbia is down 35% from 2023 and is the lowest it has been in over 30 years, according to data collected […]

The post Violent Crime in D.C. Hits 30 Year Low appeared first on Angry Bear.

 – by New Deal democrat As per usual, retail sales are one of my favorite economic indicators, because in the past they have told us a lot about both where the economy is at present, and because consumption leads employment, so much about where the economy is likely to be in the near term future. […]

The post July retail sales: consumers party on, for now appeared first on Angry Bear.

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 […]

The post You know they’re feeble appeared first on Angry Bear.

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 […]

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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 […]

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