July personal income and spending: more modestly good fallout from lower gas prices There was more good fallout from the recent decline in gas prices in today’s July report on personal income and spending. Personal income rose 0.2% for the month nominally, and nominal spending rose 0.1%. But because the relevant measure of inflation, the […]
Europe is facing far more energy issues than what the US has faced. We moan about increase gasoline prices which still have not reached the height of them in 2008 when inflation is taken into consideration. David touches upon considerations to be taken in determining a solution. “Price gouging or shortage. Choose one.” – The […]
Something interesting is happening in Texas. Agricultural Commissioner Sid Miller’s office has made a hard push on a marketing campaign for a renewed push for the Farm Fresh Network. Including a new website design. To catch you all up, the Farm Fresh Network was an initiative created by the Ag Commissioners office in 2015 that […]
Jobless claims: put the recession on hold! (For now) For the last several months, there had been nearly a relentless slow increase in new jobless claims. That trend has broken, at least for now. Initial jobless claims declined by 2,000 to 243,000. The 4 week average, however, increased by 1,500 to 247,000. Continuing claims declined […]
First warnings — as usual I am writing on a topic discussed by many experts and I am not an expert. It is very often debated whether social welfare programs should be means tested (available only to people with low income or to people with low income and low wealth). An alternative is universal programs […]
All the delays in getting to this point. I certainly was not fooled. Biden has an extensive history of believing students will renege on their loans, when there was no evidence to support his contention early-on. By early, let go back to 1978 (link is provided). I have added other Angry Bear links to build […]
Agricultural news is slim, few and far between and usually relegated to only a few places. Mainstream media doesn’t have an audience for hard ag journalism, and ag journalism mostly preaches to the choir. Two great publications that I typically get information from are Successful Farming and AgWeb –. Both have varying degrees of in-depth […]
In each of the coming years, we will see more floods destroy billions upon billions of dollars worth of property, crops, and infrastructure, and take hundreds of lives; more frequent, more deadly, tornadoes and hurricanes that will do the same; an increasing lack of water for crops cause food shortages and higher food prices, which […]
July new home sales signal a recession is near Let’s start with reminders about new home sales data: 1. It is very noisy 2. It is heavily revised. But 3. It usually leads at peaks and troughs. With that in mind, unless today’s new home sales data for July is revised away, it is very […]
Kind of a mixed bag on articles this week. Quite a few articles on what I would call general interest, kind of interesting stories. An abused elephant tears his owner into two pieces. An article about a pod of penguins(?) save a swimmer from a shark? It is worth a read just to find out […]