Our fearless leader (who never had much to fear in his lifetime) is recasting the economics of this nation more to his liking. There may(?) have been a time year (decades?) ago when doing so would not be much of an issue. This due to the United States economic size and power globally after WWII. […]
– by New Deal democrat When I updated this information in September, I wrote that “a puzzling relationship this year has been that the housing data has been classically recessionary for a number of months, and yet the economy has not rolled over.” I concluded that update by noting that while the report was “very much […]
Beating a constant drum here of the Quality and Expense for United Staes healthcare. This short piece by CEPR’s John Schmitt offers excellent and simple graphs presenting the detail of healthcare in the United States versus other countries. Simplistic graphs and numbers for the United States and measured along with other countries. The issue is […]
The deluge of data resumes tomorrow with housing permits and starts, industrial production, and durable goods orders. In the meantime, let me make a few “big picture” observations of the economy, and in particular, the short and longer term trends in inflation and interest rates. – by New Deal democrat 1. Short term inflation A very […]
The Cost of Financing U.S. Government Debt – By Daniel Bergstresser Econofact The Issue: The share of government spending devoted to paying interest on the United States’ government debt has risen sharply since 2020 and already exceeds what the government spends on defense. The outlook for the burden of the debt over the next decade has […]
This linked article is over 30 years old, but Cuba still has a socialist authoritarian government. After the collapse of the USSR, its primary benefactor. After the death of Fidel Castro and the retirement of Raul Castro. Decades of US boycotts and saber-rattling have failed to elicit regime change. That’s because the US never trusted […]
– by New Deal democrat Today is Presidents’ Day, so there are no official economic data releases; and there will be no significant releases tomorrow either, before a torrent of both timely and delayed data from Wednesday through Friday, including GDP for Q4. In the meantime, because of the January updates for employment and inflation last […]
Angry Bear is very fortunate to have guest posts by V.P. Erica York of the Tax Foundation. The timing of this particular commentary gives Angry readers some insight as to the impact and possible outcome of President Trump’s tariffs. The Court may have some input to add to the legitimacy of tariffs. Read on . […]
With the Affordable Care Act (ACA) enhanced premium tax credits expiring January 1st, 2026, many Americans enrolled in ACA exchange plans were facing increasing significant premium payments. CBO (Congressional Budget Office) did project a permanent extension of the enhanced tax credits would result in increases in the number of people with health insurance by 3.8 million in 2035. […]
How many euphemisms are there for TACO? “Carve-out.” “Step-backs.” “Exclusions.” “Price relief.” “Rollback.” How about “advancing to the rear?” Trump’s tariffs are turning out to be fairy tales told to children. Trump wrote that his tariffs are unleashing “an American economic miracle, and we are quickly building the greatest economy in the history of the […]