Relevant and even prescient commentary on news, politics and the economy.

May personal income and spending: consumer payback for Tariff-palooza! is a B!t©h

 – by New Deal democrat The last significant data for the first half of 2025, personal income and spending for May, was released this morning. It was the first month that reflected the impact of Tariff-palooza!, and boy howdy was it impacted. Not a single metric was positive. One metric was unchanged; everything else was negative. […]

Rural Hospitals at Risk of Closing

“Rural_Hospitals_at_Risk_of_Closing,” Center for Healthcare Quality & Payment Reform The issue being detailed here being: Smaller and rural hospitals are under the threat of closing as the Tr__p administration cuts funding to pay for the 2017 tax break. A tax break which Trump promised it would pay for itself. It did not. So, Tr__p will keep […]

Uncertainty on Tariffs by the President May have Caused a Delay of a Fed Rate decrease

It is almost laughable. TR__p’s wishy-washy back and forth on tariffs may have have caused the Fed Chair to delay a decrease. It sure sounds or reads like it. Federal Reserve Chair Jerome Powell told lawmakers this last Tuesday, the recent economic data would have likely justified continuing to lower the Fed rates if not for concerns […]

Should Student Loans Be Forgiven?

As of May 24, 2024, the SBA had forgiven over 10.5 million PPP loans to businesses, totaling ~$800 billion. Another 37,938 owe an ~ $4.6 billion) and are labeled potential clawback or a code 70 (potential claw back).  Not so for student loans. These are the people who should have greater productivity at a younger […]

Jobless claims indicate employment market continues to weaken, but still not recessionary

 – by New Deal democrat Jobless claims continue to tell us two things: (1) the jobs market continues to slowly weaken, but (2) it is not recessionary. This week I’ve changed my graphing scheme slightly, to emphasize the less noisy four week moving average of initial claims, to better show the residual post-COVID seasonality, and to […]

The National Science Foundation is homeless

During my career, I was principal investigator on three NSF grants. I also served on five grant review panels for the NSF. The NSF always struck me as a tightly run, parsimonious science agency. They are scrupulous about *not* funding biomedical research, so as not to compete with the much bigger National Institutes of Health. […]

Hospitals at Risk of Closing Due to Funding and Due to Costs to Deliver Healthcare

I have used commentaries from the Center for Healthcare Quality and Payment Reform (www.CHQPR.org) previously at Angry Bear. While they do write about healthcare, they also cover the plight of providing healthcare. They would include medical personal rural hospitals, hospitals in general, costs of healthcare, and how the US government supports healthcare. Today, the issues […]

Just Some Grumbling and Politics

Republicans are letting rural hospitals, small hospitals, and hospitals at risk close in areas most in need of them due to a lack of funding. We also have t__mp’s Big Beautiful Bill to contend with in the Senate. Some Senators have shown support for it. And some Senators such as Thom Tillis have not shown […]

May new home sales decline, but prices firm, more evidence suggesting rebalancing

– by New Deal democrat This morning gives us the last of our three measures of home sales, prices, and inventory, new home sales. These are the most important of the three because while they are very noisy and heavily revised, they are the most leading of all housing metrics, and so they can tell us about […]