Relevant and even prescient commentary on news, politics and the economy.

Billionaire’s Effort to Crush Mamdani is Rooted in Fears of Nationwide Progressive Wave

I believe this is kind of interesting. Everyone of the important people are in a tizzy over a Muslim running to be the Mayor of NYC, Zohran Mamdani (a Muslim) wants to be NYC’s mayor. JPMorgan Chase CEO Jamie Dimon panned New York City mayoral candidate Zohran Mamdani as “more a Marxist than a socialist.” They are […]

There’s a MAGA sucker born every minute

Looks like if you want to set up a Ponzi scheme, you just have to call it “anti-woke.” Of course, the opposite of woke is asleep. “The complaint alleges that First Liberty founder Brant Frost IV misappropriated investor funds, making payments to himself and relatives of more than $5 million and used other funds for […]

Putting markers down: what will it take for my forecast to activate a “recession watch?”

 – by New Deal democrat Our data drought won’t end until next Tuesday. In the meantime, let me follow up on a theme from my analysis of the economic data from last week. To wit: there are several metrics that I have already stated are worth a “recession watch;” namely, housing units under construction (down almost […]

Trump’s idea of diplomacy

Until this January, you might have thought that a gift for diplomacy would be high on the list of qualifications for an ambassadorship, even if it’s the US Ambassador to Malaysia. You’d be wrong. “Coverage of his nomination has largely focused on his openly misogynistic content and internet boasts about having “the body of a […]

Massive Giveaway to the Student Loan Industry

It has been a while since Angry Bear has featured Student Loan Justice and Alan Colling on Angry Bear. The issue still remains. A Corporation can seek loan forgiveness and get it. Students were denied access to such bankruptcy for decades before the Covid epidemic. It was too late when Biden sought more student loan […]

One Senator says he’ll make sure Medicaid cuts Never Occur

If you believe Senator Josh, I have a bridge to sell you. The solution to the Pres is for all of the senators to band together and tell Herr Tr__p no more. Doing things after you vote is just another way of saying, “oh well, the majority beat me.” No character today, just followers, Sen. […]

Global warming hoax update

You may have heard about the flooding in Texas and North Carolina during the past week. But that’s far from all. There’s a reason it’s called “global” climate change. “The disaster comes during a week in which extreme heat and extreme weather have battered the planet. Parts of northern Spain and southern France are burning […]

Jobless claims continue to suggest weakness but no downturn

 – by New Deal democrat We finally have some new data this week – the usual, jobless claims. Initial claims declined -5,000 for the week, while the four week moving average declined 5,750. With the usual one week delay, continuing claims, on the other hand, rose 10,000 to a new 4.5+ year high of 1.965 […]