Most of the media finger-pointing by Trump and his cult has been about sullying Gavin Newsom as a presidential candidate in 2028. Trump and Fox don’t actually care about the reason for the fires (anthropogenic climate change) or how to mitigate the consequences. Over at jabberwocking.com, Kevin Drum has a long but excellent summary of […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The big changes this week were the sharp increases in long term interest rates, along with similarly sharp increases in commodity prices and the US$. Some of this is due to a feeling that the economy is running “hotter” than recently thought, […]
Summations: “Real gross domestic product (GDP): increased at an annual rate of 3.1 percent in the third quarter of 2024, according to the ‘third’ estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent. Compared to the second quarter, the acceleration in real GDP in the third […]
Today the Department of Labor released the final jobs report of Joe Biden’s presidency. The nation added 256,000 new jobs in December, a number significantly higher than economists expected. That brings the total number of jobs created under Biden to 16.6 million and makes Biden’s the only administration in history to have created jobs every […]
All around the world, we are seeing heightened uneasiness; stress on governments, economies, and societies. What’s going on? A lot has changed these past few decades, some of which we know of, possibly understand a little. There may be others we are not yet aware of. We are learning more about global warming (a.k.a, climate […]
– by New Deal democrat My theme for the past several years as to employment has been “deceleration,” as in a gradual cooldown from white hot to red hot to hot to warm. But at some point past “warm,” we get to lukewarm, and then cool, and then chilly. In other words, if it continues […]
This is probably one of those boring commentaries which does not have many exciting issues which catch an Angry Bear reader’s eye. Yes and no to the premise. Just a question though: How is it, the richest nation in the world having one $300+ billionaire and many more billionaires also has so many homeless people […]
Jobless claims still rocked by seasonality; native born unemployment rate of under 4% forecast – by New Deal democrat Due to today’ official Day of Mourning for the late President Jimmy Carter, initial and continuing claims were released yesterday, but since I didn’t cover it then, let’s catch up now on the normal day. It […]
This is a good take on the percentage of debt many homeowners are carrying as a percentage of GDP. I would think somewhere along the line, individual income plays a role in all of his. What Bill is telling us is the same hazards of lending are not as pronounced this time. Either banks, etc. […]
I grew up in the city of Chicago. Up until the time I left high school, I was not driving a car many places. I did not have a car until later and was stuck with my dad’s 64 Ford Fairlane Station wagon. It was huge and an unimpressive family car. I took the CTA […]