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

No complacency after the election

Infidel753: No complacency after the election Democrats have every right to celebrate the results of this month’s election.  The red wave fizzled out.  The Republicans took the House majority by only a tiny margin, which will be rendered unworkable by their own flaming-nutball fringe.  Democrats held the Senate and will probably get to 51-49 after […]

The Anti-Racism of Fools

Peter Dorman at Econospeak The Anti-Racism of Fools Antisemitism has long been intermingled with movements against injustice and elite control.  This is because the most widespread image in the mind of antisemites is the existence of a secretive cabal of Jews who control global finance and promote liberal-sounding ideas only because it serves their nefarious […]

“Recession Watch” now “Recession Warning”

New Deal Democrat’s Weekly Indicators for November 14 – 18 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. It had to happen sooner or later. Earlier this year, based on the long leading indicators, I went on “Recession Watch.” Now, for the first time in a very […]

Where are we with Social Security and Medicare?

“Social Security and Medicare finances bolstered by growing economy,” (, Neil Irwin. Two different pieces of information going on here. The pie chart below shows were we were in 2021 for Medicare. I have not compared the pieces of information to see if they conflict. I do not have charts for Social Security, I can […]

October CPI reports total inflation increases at a 3.5% annual rate

October CPI report: total inflation increasing at 3.5% annual rate, core inflation minus shelter increasing at 2.8% annual rate in the past 4 months  – by New Deal democrat For a full year now I’ve been hammering the fact that the official CPI measure of housing inflation, “owners’ equivalent rent,” seriously lags actual house prices as […]

Democrats wrest control of Michigan Legislature for first time in almost 40 years

I lived in Michigan for 27 years having moved from Madison Wisconsin. If I had my choice, we would have stayed in Madison. It was damn cold in the winter. We were still able to do things though. Michigan was not quite the same. It was never really home for us. Just too many things […]

Why did the Democrats overperform relative to the fundamentals?

As I write this it is still possible the Democrats will lose control of Congress, with all that entails, but the Democrats did outperform the fundamentals, and it is useful to think about why.  Here is my quick list of possible explanations: Increased partisanship and decreased cross-over voting (see here). Inflation may not be as […]

Making Friends in the New Global Order

by Joseph Joyce Making Friends in the New Global Order U.S. Treasury Secretary Janet Yellen gave a talk at the Atlantic Council last April on the future role of cooperation in the global economy. In October Chrystia Freeland, Deputy Prime Minister of Canada and its Minister of Finance, gave an address at the Brookings Institution that presented a similar […]

Climate Change Motivates Students to Vote in Midterms

A brief introduction. I received an email about a week ago asking if Angry Bear would be interested. I wish I had posted it then. The survey reflects what students of all ages are thinking about Climate Change. A good read . . . ~~~~~~~~ A BestColleges survey reveals the majority of students think climate […]

Medicare’s $200 billion Gross Drug Spend

Medicare is almost $200 billion in gross drug spend: Who gets the blame? — 46brooklyn Research This is a complex issue as there are many moving parts to drug pricing and their costs. Perplexing in describing the drug spend issues would seem appropriate. I am not even sure if this long post will adequately define […]