By Spencer In December industrial production fell 2.0% and manufacturing output fell 2.3% to a level almost 10% below year ago levels . From a level of 100 at the peak industrial production has now fallen to 92.0, or roughly at the average trough level for the 10 post WW II recessions of 92.3%. Three […]

Please open your 1040 and ask your accoutant to add something extra to your tax payments. Please? by: Divorced one like Bush

What are the odds that 2 standard deviations from outcome II always get you the same shape for I?1997 II.F62000 II.F62004 II.D72007 II.D7 Goldilocks and the Three Social Security BearsWhat are the odds that we get the first four results simply by variation from the median? Low Cost until 2007 meant fully funded but not […]

by reader coberly THE CHOICE The reason for offering this post is that it has become very fashionable among Serious People to propose that raising the retirement age is the “obvious” solution to the “Social Security Crisis.” In a recent exchange I accused an otherwise intelligent and decent person of cruelty by stupidity for proposing […]

by cactus Dean Baker on Autoworkers Pay… Plus Helping Banks One flaw in this blog, if you ask me, is that we don’t link to Dean Baker enough. He generally covers a lot of material in a short amount of space, and is right more often than he’s wrong. So if y’all keep your mouths […]

As President Obama issues executive orders and presents bills to Congress, Angry Bears will respond, or guests will post. However, such changes appear to be happening so quickly I am sure we cannot keep up. Readers should feel free to leave a link here in comments for us to check regularly and develop ideas for […]

rdan GAO has a report on regulation deficiencies of financial markets: Several key changes in financial markets and products in recent decades have highlighted significant limitations and gaps in the existing regulatory system. • First, regulators have struggled, and often failed, to mitigate the systemic risks posed by large and interconnected financial conglomerates and to […]

by cactus A Country in a Hostile Region(updated version of post) Say there’s a country sitting in a hostile area. A big part of the hostility has to do with religion – the greater part of the country’s population has a faith different than that of the neighboring countries, and which is somewhat despised by […]

Give me some help here. With the 2003 Social Security Report the Trustees launched a new measure for evaluating the strength of their projections going forwards. And it can be found here: Appendix E. STOCHASTIC PROJECTIONS 1. BackgroundThe Trustees Report has traditionally shown additional estimates using a low cost and a high cost set of […]