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

US natural gas hits highest price since 2008, closes at 7 1/2 year weekly high;

US natural gas hits highest price since 2008, closes at 7 1/2 year weekly high; European and Asian prices 5 times higher, Commenter RJS, Focus on Fracking Oil prices rose for a sixth consecutive week as rising global demand amid tight supplies more than offset higher US inventories . . . after rising 3.0% to […]

3rd quarter GDP Estimate: Personal Income, Outlays, Construction

August Personal Income up 0.2%; 2 Months PCE Would Subtract 0.07 Percentage Points from Q3 GDP, Blogger and Commenter RJS reports at MarketWatch 666 The August report Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go into 3rd quarter GDP, since it gives us 2 months of […]

USPS Small Banking Services Initiated

Briefly, with more info being found at The American Prospect by David Dayen (link below). The USPS has initiated check cashing service for a minimal fee. And Louis Destroy the USPS DeJoy has bought into this service. The pilot was launched on September 13 (?) in four locations: Washington, D.C.; Falls Church, Virginia; Baltimore; and […]

Do COVID vaccines offer a lengthy and durable protection?

Prof. Joel Eissenberg has a new post up considering people’s immunity to Covid and what it consists of after vaccination. COVID vaccine immunity is waning — how much does that matter? (nature.com), September 17, 2021, Elie Dolgin, We can say circulating antibodies do matter for protection from COVID-19. With the innate immune response, they represent […]

Fed’s Powell Sees Agriculture Inflation Continuing

Agri-Economist and farmer Michael Smith talking inflationary impacting crops and farmers. Higher inflation rates “will likely remain so in the coming months,” Federal Reserve Chairman Jerome Powell acknowledged today in testimony before the Senate Banking Committee. Powell has been in meeting this week discussing the persistent inflation going into next year.  Powell noted the effects […]

Durable Goods: Orders Up 1.8%, Shipments Down 0.5%, Inventories Up 0.8%

Blogger RJS,@ Market Watch 666, “August Durable Goods: New Orders Up 1.8%, Shipments Down 0.5%, Inventories Up 0.8%“ The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for August (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods increased by $4.6 billion or 1.8 percent […]

Healthcare News from My Inbox

Various articles which may interest Angry Bear readers. Supply chain disruptions may last into 2023 & more (beckersasc.com) Seven Supply Chain by Beckers ASC Review. For example: “Many companies that pivoted their business plans early in the pandemic to respond to shortages of medical supplies are now facing severe financial consequences.” I Got Moderna. Can I Boost […]

Addendum to US crude supplies at 35 month low

Addendum to US crude supplies at 35 month low; Total oil and product supplies at 6 1/2 year low – Angry Bear (angrybearblog.com) by RJS Authors of Angry Bear Posts and I converse from time to time. We talk about what they write, what its content implies, and what they are thinking. This note came […]