Daily Reckoning’s Jason Farrell lists Angry Bear in his top fifty… The new year is off to an interesting start. With inflation dove Janet Yellen helming the Fed, another recession possibly imminent and Wall Street still making a killing, it’s as good a time as any to review some of the best sources of independent […]

Angry Bear will be posting writing by writers less well known and will usually be twenty and thirty years old as well.  Here is another one: by David Parkman The End of an Era: Ben Bernanke Passes the Torch After an eight-year term, Ben Bernanke arrives at Brookings Institution for his first day of work […]

by Robert Waldmann (Dan here…lightly edited for readability and Robert’s sense of humor)) House effects Noah Smith and Chris House are engaged in a stimulating blogospheric discussion. I am tempted to engage House in debate. I am not at all tempted to actually read his posts. Caveat Lector I will here dispute the part of […]

Across the Curve has a post about pressure to lower prices… The culprit is the weakness of labor’s income to bolster prices. So now many companies are maneuvering to do whatever to cut prices. The last half of 2013 made this clear. Yet, some companies are not going to be successful at this game. These […]

by Joseph P. Joyce (is a Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs ) Desperate Times, Desperate Measures The selloff of emerging market currencies and equities continued last week. A Bank of America report noted that investors withdrew $6.4 billion last week from emerging market stock funds, while bond investors […]

The stock market is going down and some say it is a correction, and that stocks will be back up in spring. Well, not so fast. There are concerns that the economy is genuinely slowing down. Here is a tweet from Edward Harrison… Lower equities, lower oil, lower copper, lower bond yields, flattening yield curve […]

The Agenda Project (which is behind Patriotic Millionaires, Top Wonks, and other progressive initiatives) is preparing an open letter supporting an increase in the minimum wage. They’re looking for more signatories. SMART CAPITALISTS FOR AMERICAN PROSPERITY Dear Mr. President and Honorable Members of the U.S. Senate and House of Representatives, We are writing to ask you […]

Stocks were up a bit in the morning and when I just check now, wow, they have gone down quite a bit. Remember my post from a few weeks ago… Fun analogy for investing in stocks. I was giving warning.

There was an insightful article by Nelson Schwartz in the New York Times on how the hollowing out of the middle class is affecting business. He brought up some great points… “The post-recession reality is that the customer base for businesses that appeal to the middle class is shrinking as the top tier pulls even […]

A while back I built a  model to look at the long-term economic effects of upward and downward redistribution. Posts here and here. Commenter JGF pointed out an error in the model. I’ve revised and corrected it. The spreadsheet’s here. The model is based on marginal propensities to spend out of wealth and income. Poor people […]