Coronavirus update: mid year 2023 – by New Deal democrat I haven’t done an update on the state of COVID since March or April. As we are halfway through the year, and just past the July 4 holiday get-togethers that sparked summer waves in the past, let’s take a look. Covid isn’t gone, but it […]
Infidel talks about the costly flops by the movie making behemoth executives and brought to us at our nearby Big Screen theater only to be disappointed and bored whichever comes first. Hopefully, there is good buttered popcorn . . . Infidel753: Cultural dinosaurs and creative exhaustion, Infidel753 Blog It’s no secret that American movies are […]
How does this article align with Angry Bear’s usual content? Well, it might not seamlessly integrate unless you view it through the lens of economic concerns, particularly in terms of personal finance and education. It serves as a reminder to exercise caution in managing your credit cards, emphasizing the importance to Access Capital wisely. My […]
Manufacturing and construction sectors continue downward pull on economy – by New Deal democrat As usual, we start the month with new manufacturing and construction data. The ISM manufacturing index goes all the way back to the 1940s, and has been a very good short leading indicator of recession throughout that time (although nothing’s perfect!). […]
SUNDAY, JULY 2, 2023 Weekly Indicators for June 26 – 30 at Seeking Alpha – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Movement among the indicators continues to be slow as molasses, but an important bifurcation stands out: indicators focusing on services continue to show good growth, while indicators focusing […]
As read at Naked Capitalism, Yves Smith writes . . .”This post provides a high-level debunking of the Fed/central bank approach of squeezing wages as the first line of attack against of inflation. It cites the views of James Galbraith. If you’d like to read a fuller discussion, please see his article The Quasi-Inflation of 2021-2022 […]
Real income continues to set records, while real spending and real total sales falter – by New Deal democrat Real personal spending faltered in May, and real total sales continued to falter in April, as of this morning’s report; while real personal income continued to be aided by the big decline in gas prices that […]
Initial jobless claims: still at distress levels, still not red flag recession warning – by New Deal democrat Initial claims dropped -26,000 last week to 239,000, the top of their former range this spring. The more important 4 week moving average rose 1,500 to 257,500, a new 18 month high. With a one week lag, […]
Fed Chair Jerome Powell already warned he “may” have two more planned Fed rate increases in the making. Even a Fed comment is enough to stymie a housing market increase. US recession fears ease: surprisingly strong data on housing, consumer confidence, labor market, Financial Review, Vince Golle and Reade Pickert President Joe Biden told donors […]
Calculated Risks Bill McBride Fed Chair Jerome Powell is participating in a panel discussion today at the European Central Bank (ECB) Forum on Central Banking 2023 in Sintra, Portugal. Federal Reserve Chairman Jerome Powell talked tough on inflation Wednesday, saying at a forum that he expects multiple interest rate increases ahead and possibly at an […]