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

The Silver Standard

Poblan Unico jamás será vencido Extremely regular readers of AngryBear will have noticed that I became a guest contributor a while ago. Then I vanished. The reason is that I have become obsessed with Presidential Polling and don’t have much original to say about it. A dialog from last night between me and my 11 […]

Petroleum Speculation Thread N+1

I wrote something about crude oil, inventories and contango below and there were 57 comments including one, from Aaron which refered to this post in the future indicative. A lot of the discussion is Krugman pro and con (mostly con). I think I will review my take on his arguments here as an introduction. I […]

Petroleum speculation without contango or growing inventories ?

As I’m sure AngryBear readers know, Paul Krugman does not believe that the spot price of petroleum shot up due to speculation. His argument is that the only way future expected prices can affect demand for crude or supply of refined products to final consumers is via inventory accumulation and inventories haven’t increased. Also he […]

He’s Baaack

After a long long week, Matthew Yglesias has finally returned to the web at thinkprogress.org

Wang and Silver on electoral projections

Sam Wang explains why he reports a 99% probability of an Obama win and fivethirtyeight.com has only a 62.4% probability. I learned a lot from his post due to my incredible ignorance. I go to www.fivethirtyeigth.com often enough that Firefox proposes it first when I type www, but I had never bothered to read the […]

What’s dumb about a windfall profits tax?

The always smart Kevin Drum writes The windfall profits tax is a dumb idea, and I wish Obama didn’t support it, but I guess politics is politics. It’s not the biggest deal in the world. I asked in comments what’s so dumb about a windfall profits tax. I haven’t checked how many commenters responded to […]

The Company You Keep

Ah something which I actually know something about. Dana Goldstein has found an amazing fact which, if middle class parents believed it was representative, would make the world (and in particular the USA) a much better place So were the litigious Fairfax parents correct to freak out about South Lakes? Let’s look at the numbers. […]

Politically impossible health care cost sharing

This is odd. Matthew Yglesias just excerpted a bit of a post at my personal blog, which I didn’t think was up to AngryBear standards. Far from it for me to question the judgment of a man who recently reached half my age. Here is the bit he liked One politically unfeasible approach to this […]

Smart Health Care Cost sharing

Ezra Klein writes about smart cost sharing. He wants a committee to decide reimbursement rates. This made me think about an idea I got from Mark Thoma Mark Thoma linked to the even more verbose version of this at my other blog. He has an interesting comment thread. …preventative care … ought to be encouraged, […]

Unobserved Country Heterogeneity: GDP Levels or Growth Rates

Have you ever noticed that, when considering the economic performance of different countries, people often just report the GDP growth rate without any corrections for e.g. initial GDP ? It’s as if they thought that countries generally have about the same growth rate and any deviation from the world average is interesting. This is very […]