Top 100 economic blogs
The Intelligent Economist lists Angry Bear among the top 100 economics sites in the US.
No, record job openings in JOLTS do not mean that everything is Teh Awesome!
No, record job openings in JOLTS do not mean that everything is Teh Awesome! Once again most of the commentary on yesterday’s JOLTS report for April was that job openings jumped, so everything is Teh Awesome! < Sigh > To recap one more time… In the one and only complete business cycle that we have […]
Trump Blows Up The Gulf Cooperation Council (GCC)
Trump Blows Up The Gulf Cooperation Council (GCC) Well, maybe it has blown itself up, but Trump’s supposedly triumphant visit to Saudi Arabia looks to have exacerbated underlying tensions within the six-member Gulf Cooperation Council (GCC), whose members include Saudi Arabia (KSA), Kuwait,Qatar, Bahrain, the United Arab Emirates (UAE), and Oman. This was the part […]
A Day in the Life of the jobs market, May 2017
A Day in the Life of the jobs market, May 2017 Fifty years ago, when I was a little teenybopper, his album came out and blew me away: Why bore you with this ancient Boomer reminiscence? Because the unemployment rate has only been lower than last month’s 4.3% in only six of the last 50 […]
“It Depends on How We They Value Time”
Peter Dorman calls attention to a NYT Upshot column by Neil Irwin about the cost of climate change. For Irwin, the question can be framed as a matter of discounting, “A dollar today is worth more than a dollar tomorrow and a lot more than a dollar in 100 years. But what discount rate you […]
The Cost of Climate Change: It’s Not About Psychology
by Peter Dorman (originally published at Econospeak) The Cost of Climate Change: It’s Not About Psychology You know there are problems with economics when things that are perfectly reasonable in the context of economic theory are clearly absurd once you step out of it. Case in point: the claim in today’s New York Times […]
May jobs report: nothing more nor less than a decent late cycle report
May jobs report: nothing more nor less than a decent late cycle report HEADLINES: +138,000 jobs added U3 unemployment rate down -0.1% from 4.4% to 4.3% U6 underemployment rate down -0.2% from 8.6% to 8.4% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but […]
Gas prices on verge of turning negative YoY
Gas prices on verge of turning negative YoY There are two important aspects to the inflation rate right now. One, as Dean Baker reminds us today, is that most of core inflation has been caused by housing, via “owners equivalent rent.” Take that out, and inflation is only 1%: The second important aspect is that […]
Trump Administration’s Infrastructure Plan
Via International Business Times (via RSN): Trump Administration’s Infrastructure Plan Involves Privatizing America’s Assets and Selling Them to Goldman Sachs>/a> President Donald Trump’s administration this week touted an infrastructure plan that would sell off public assets to private financial firms. Left unsaid in the White House promotional materials was any mention that the Trump aide […]
Ted Cruz failed to properly disclose Goldman Sachs loans: FEC
Via Salon, another Goldman Sachs story: Ted Cruz failed to properly disclose Goldman Sachs loans: FEC This has not been a good week for Republican Sen. Ted Cruz of Texas. First he is the butt of a cutting joke by Democratic Sen. Al Franken of Minnesota (who told “USA Today” that “I like Ted Cruz […]