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

Hackification

by Paul Krugman Paul Krugman on E.J. Antoni taking over BLS if appointed by Pres, Trump. “there’s a good chance that Antoni will, in fact, take over the BLS. And the result will be the total destruction of one of the world’s greatest statistical agencies.” On Monday I wrote about Donald Trump’s disastrous press conference touting the […]

EV proliferation

Teslas are pretty popular here in Rhode Island. While that appears virtuous, it’s important to recall that 95% of Rhode Island electricity comes from natural gas, so those Teslas are running on fossil fuel. EVs are proliferating all over the planet: “Ann Arbor (Informed Comment) – Car News China reports that in the first half […]

Trump’s Economy Redux

My little post on the warnings by Paul Krugman and others that the US economy might be entering a period of stagflation, was prompted by my experience as young man who finished his education, started in his career and got married in the 1970’s when “stagflation” was the buzz word and politicians kept pointing fingers […]

Shelter, tariffs, and “just-so” inflation indexes

 – by New Deal democrat In my note yesterday about the July CPI, I noted the transition from the trend where overall inflation ex-shelter was low, and shelter was high but disinflating, to a trend where inflation ex-shelter while still low was increasing, as shelter contributed the most to disinflation. The question was, and will be […]

Five Journalists Dead, Accused of Being Hamas

Having lived near Ann Arbor, I know of University of Michigan, History Prof. Juan Cole. WE did exchange a few emails in the past. I was looking to talk with him and perhaps write about him in Angry Bear. It never came to pass. He is a trustworthy source of information if you are looking […]

Crime Rates in D.C. More Presidential B.S.

Washington D. C. Mayor Muriel Bowser: “While this action today is unsettling and unprecedented, I can’t say that given some of the rhetoric of the past, that we’re totally surprised. I can say to D.C. residents that we will continue to operate our government in a way that makes you proud.” Fact checking Tr__P’s claim […]

The consumer inflation transition continues, as shelter prices decelerate further, and other sectors show some re-acceleration

 – by New Deal democrat The story of this month’s CPI report is summed up in the first few graphs below: the shelter portion of the index continues its slow deceleration, while the non-shelter portion of the index appears to be in a slowly rising trend. This has resulted in headline inflation trending ever so […]