Kevin Drum has a timely post on grocery inflation. Overall, it’s at 1% now. “Why do so many people still think inflation is high? It’s because they don’t respond to averages. They respond to outliers.” *snip* “Frozen juice is up 27%. Baby food is up 9%. Ground beef is up 6%. When you shop for […]
There has always been a lot of misinformation and frank dishonesty surrounding Social Security. Here are three things that Social Security isn’t: 1. A retirement investment. Social Security is insurance. It is not meant to be your sole source of income after retirement (although for many Americans, it basically is). Social Security is not a […]
When I was in college, I took up pipe smoking. I particularly enjoyed Turkish Latakia tobacco and Native Cigarettes, smoked through a long-stemmed church warden clay pipe. But shortly after I got married, my wife told me to stop. Smoking is a particularly dangerous nicotine delivery system. Nowadays, there is vaping products like these Geek […]
– by New Deal democrat The Bonddad Blog The JOLTS report for February showed stabilization or slight improvement to all but one of its components, generally suggesting, well, stabilization in the overall jobs market. Starting with the monthly changes, job openings (blue in the graph below), a soft statistic that is polluted by imaginary, permanent, and […]
I grew up in the American South as the end of apartheid. I remember the first Black kid who showed up in my 3rd grade and how the teacher prepared us for his arrival the day before. I remember the race riots of the ‘60s and I remember where I was when I learned MLK […]
When I think of the places on the planet that seem optimized for solar and wind power generation, I think of deserts like the Sahara and the desert Southwest in the US. And yet Germany is generating a growing share of its electricity through these renewables: “Preliminary data by energy market research group AG Energiebilanzen […]
It’s hard to keep generating fresh content every day for your edification and entertainment here at Angry Bear. The temptation is to use Chat GPT to do the heavy lifting, but so far, we’ve foresworn AI to rely on our own in-house I. If you begin to suspect that we’ve betrayed our readers, here are […]
– by New Deal democrat The Bonddad Blog Personal income and spending has become one of the two most important monthly reports I follow, because it nets out the impacts of higher interest rates and abating inflation due to the unlinking of the supply chain. To repeat, the big question this year is whether the […]
New drugs go through clinical trials before they can be marketed. Phase I trials are for safety. Phase II/III trials are for efficacy. If a drug fails these trials, it can’t be sold. One challenge to drug testing is trial enrollment. Ideally, the subjects should be demographically representative. The problem is that there can be […]
– by New Deal democrat The divergence in the trends between initial and continuing claims continued this week, as the former continued their somnolent good news, while the latter had a slightly disconcerting pop. Initial claims declined -2,000 to 210,000, and the four week average declined -750 to 211,000. On the other hand, with the […]