Initial claims move closer to red flag recession warning – by New Deal democrat Initial jobless claims declined -12,000 last week to 237,000. The four week average declined -6,750 to 246,750. With a one week delay, continuing claims increased 11,000 to 1,729,000: More importantly for forecasting purposes, the YoY% increases were 7.2% for the weekly […]
Angry Bear has been writing about the Opioid epidemic and what has been influencing it for years. I was asked to write on it by an association and continued to do so. It would seem there should be more money coming forth from companies who promoted its use. If we go back and read the […]
The existential risks associated with global warming include coastal flooding, loss of fresh water, desertification, life-threatening temperatures and loss of ocean fisheries. Another risk is the spread of infectious diseases that are normally restricted to tropical latitudes. While the prospect of eliminating insect vectors such as Aedes and Anopheles mosquitoes, tsetse flies and triatomine bugs […]
June inflation almost non-existent except for the fictitious measures of shelter – by New Deal democrat The message of this morning’s consumer inflation report was the same for almost everything except for the fictitious measures of shelter: sharp deceleration everywhere. Let’s take a look: Headline CPI up 0.2% m/m and 3.1% YoY (lowest since March […]
as often happens, I felt moved to reply to the e-mail that Noah Smith blasts out. On my PhD supervisor Larry Summers to whom I owe a debt I can never repay: who the fuck cares about inflation ? Answer: everyone but for opposite reasons. Economists think that, in the long run, inflation does not […]
In my early days of following Angry Bear, there was a climate change denialist troll whose handle was “CoRev.” Most of the stuff CoRev posted was standard denialist fare that had been debunked. At the time, one favorite denialist claim was the “hiatus,” a period between 2001 and 2014 during which warming seemed to “pause.” […]
This story may not be your cup of tea. I found it interesting. Interesting it took way too long to bring justice for a man falsely accused and carrying the burden of such to his grave. There are three different articles to be read for which I did not do enough justice. NYT has a […]
Another well defined report by NDd about the possibility of recessions. Everything points in such a direction. If the Fed keeps raising its rate, it is almost a foregone conclusion. One a recession starts there is no backing away from it (as if we could). Scenes from the employment report: important leading and coincident indicators […]
Interesting article about local communities beginning to sue energy companies because of climate change and the mischaracterization of how oil products impact the nations climate. Down in Phoenix, we are seeing temperatures approaching the one hundred and teens. No relief is in sight for a couple of weeks. The same can be said for other […]
Scenes from the June employment report: consumption leads employment, goods vs. services edition – by New Deal democrat No big new economic news today, so let’s take a more in-depth look at some of the information from Friday’s employment report. Today I’m going to focus on the division between goods and services. As I’ve written […]