Until this year, China has been a major consumer of US soybeans. But Trump’s trade war with China has resulted in a shutdown of that major market for American farmers and billions of dollars in lost sales. Trump has promised federal dollars to farmers to compensate for the loss of the Chinese markets. So taxpayers […]
– by New Deal democrat Typically the new month begins with important manufacturing and construction reports; but this morning the construction spending report for August became the first casualty of the government shutdown. The ISM manufacturing report has been a recognized leading indicator for the past 60+ years, although of diminished importance since the turn of […]
– by New Deal democrat In the past year, in contrast to much other data in the jobs sector, the JOLTS reports have been very much consistent with a “soft landing” jobs scenario. In the August report released this morning, the trend weakened slightly. As a quick refresher, this survey decomposes the employment market into […]
The Trump Threats and Stare Offs Tonight I was looking around to see if there was a list of government departments which will shut down due to a Trump and his supplicants and ass-kissers being to afraid to say “no.” But I am sure Democrats will find some means of getting out of this fix […]
– by New Deal democrat Last month the indexes of repeat home sales from the FHFA and S&P Case Shiller were the final confirmation that the housing market was in deflation. That continued in this morning’s reports for July. On a seasonally adjusted basis, in the three month average through June, both the Case-Shiller national index […]
Not, likely although there were still recovery issues. This article is ~4 months old. It does not claim the problem of a bad economy when Tr_mp left office in 2020. It also does not state Biden left a bad economy for Tr_mp either. People seem to forget what took place 4 years ago. Donald Trump […]
David Zetland had this article link on his site The One Handed Economist as taken from the Dutch News. Why am I posting it at Angry Bear? Part of the article discusses the Gulf steam as in the Gulf of Mexico. To which, there is a degree of impact for the United States. The other […]
Some History: Angry Bear was well ahead of the issues with groceries and pricing. We did post several articles discussing the issues. One in particular article did discuss the Kroger-Albertsons partnership. The merger of Kroger and Albertsons announced a planned merger that would create a single entity controlling ~22 percent of the US grocery market. This […]
Why is it “important to remember the economy shrank at a 0.6 percent rate in the first quarter.” Because . . . people are touting revisions putting the second quarter growth rate at 3.8 percent. The Economy Grew at a 1.6 Percent Rate in the First Half The overall growth for the first half was […]
NDd’s Weekly Indicators for September 22 – 26 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Not much change this week, but there are signs that consumer spending is beginning to cool off again. U of M adds to NDd’s comment: “Weakening consumer views of labor markets are not necessarily a […]