2023 data begins with another lesson: the remedy for high prices is – high prices  – by New Deal democrat And so, another year begins. And kicks off with a look at the leading housing sector. And furthermore, there is even some good news. Total construction spending in November rose 0.2% for the month, while the […]

“Inequality in annual earnings worsens in 2021.” This report is a couple of weeks old. Still relevant and supports what NDd has been saying as well as others here at Angry Bear. This is taken from EPI. Partial read of a larger report. Details from year twenty-one finds annual wages rising the fastest for the […]

 – by New Deal democrat My Weekly Indicators post is also up at Seeking Alpha. The volatile coincident consumer numbers bounced higher this week, while another recession indicating system flashed red, suggesting a recession is most likely to start during the 2nd Quarter of 2023. As usual, clicking over and reading my commentary at Seeking […]

Indeed we are. Tout les mond sommes dans le changement. Change comes sometimes fast, sometimes slow; but always, inexorably. Still and yet, some would deny, attempt to slow down or even stop change. Too few recognize it when they see it. Throughout history, blood has flowed like rivers resultant efforts to slow down or stop […]

Initial claims close out the year still positive  – by New Deal democrat This morning we got the final economic news of the year, as initial claims for the week rose 9,000 to 225,000. The 4-week moving average declined 250 to 221,000. Continuing claims rose 41,000 to 1,710,000, a 10-month high: The weekly number was […]

A New Wellbeing Rankings Study  David G. Blanchflower of Dartmouth and Alex Bryson of University College in London have just published a paper at NBER 30759 “Wellbeing Rankings,” which provides some provocative ideas and data on various possible measures of well-being in societies. This reflects dissatisfaction with the tendency to use a single measure, “life […]

Three graphs which defined the economy in 2022; a look back at my forecasts In the summer of 2021, looking at the long leading indicators, I wrote: “while the long leading indicators confirm a firm, even strong expansion through the remainder of 2021, by spring of 2022 they are neutral, suggesting a much softer economy, […]

by Joseph Joyce The 2022 Globie: Money and Empire Every year we name a book the “Globalization Book of the Year” (aka the “Globie”). The prize is (alas!) strictly honorific and does not come with a monetary award. But announcing the award gives me a chance to draw attention to a recent book—or books—that are […]

House price indexes decline, unchanged in October; further evidence of real declines since summer The Case Shiller national house price index declined another -0.3% in November, and is now up 9.2% YoY, compared with a peak of +20.8% YoY in March (note that is in line with my rule of thumb that a decline of […]

Weekly Indicators for December 19 – 23 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Coincident indicators continue to ever so microscopically worsen – but not yet in recession territory; while there is an increasing suggestion from the long leading indicators that a recession could be relatively short. Provided, of course, that […]