Sorry I’m slow posting this, but I was busy elsewhere yesterday. To understand the real GDP report you need to look at the monthly data. Real GDP is a measure of output. But we do not directly measure output. Rather, we measure consumption and adjust that for changes in trade and inventories to indirectly measure […]
On vacation, and I miss all the good stuff. Well, here’s some funnies for the AB.
rdan Updated January 23, 2009 Comments to date have been generally relevant and appropriately documented. ‘Coventry has been removed for now as no longer necessary and moderating has become routine and rarely used. All the Angry Bears thank readers for their respect and tone. It is reciprocated. The blog owner and moderators reserve the right […]
Yesterdays release of real income data has received much commentary from blogger. Many ways of looking at the data and many excuses for the data have been proposed. Often I read comments about how the use of household and/or family data biased the data. And there are some validity to the comments that different ways […]
The whittlin’ demands an immense budget. Perspectives: Chart 3: FY 2008 outlays: Defense Discretionary 20.5%: Non Defense Discretionary 20.8% : Social Security Medicare/Medic Aid 20.1%: Other Mandatory 12.8%: Interest 7.9% Table that defense discretionary has grown faster than non defense discretionary and is a larger part of federal spending than in the former adminstrations. Table […]
Nieman watch dog carries a summary of some research. The quote here is a summary of conclusions we might use. Journalists should avoid presenting both sides of a story when one is false – and take into account how readers’ brains process the disagreements. The following four rules can guide their efforts. 1. State the […]
Here is an interesting water problem for coastal folk. Almost as interesting as who owns the land at low tide or high tide for beach properties.
by ilsm If the war machine were not for the jobs and the PAC’s it may be more useful than whittled beaks. New England politicians saved jobs, diverted funds from better uses, many outside the military industrial complex. The Navy will build a third Zumwalt class destroyer. The Navy does not need a destroyer which […]
Billy asked me as a point of interest to alert people to the show for Millenium age voters. He is pro McCain, but his partner on air Stephen is pro-Obama. It is intended to be educational but not neutral as in a classroom. I shall be watching sometimes to see how they do. (Bios on […]
by: Divorced one like Bushat the beach on vacation Ha! Gee the economics profession is ignoring labor. I wonder why. Could it be who we follow? It’s not like we don’t quote old Adam often. Free market and ghost hand ideas are mentioned all the time as we follow Milton: According to The Economist, Friedman […]