Trump’s Never-ending War and Trump’s Never-ending Tariffs are pushing up Never-ending price increases “Why Consumers are F*cked” Robert Reich Energy Secretary Chris Wright’s admission yesterday that it “could be next year” before gas prices return to below $3-a-gallon is causing trauma in Republican circles because “next year” is after the November 3 midterm elections. Initially Trump said he could […]
Gallons of digital ink are spilled weekly about how AI will be a job-destroying juggernaut. But it’s far from clear that all jobs will be vulnerable and on what time scale the AI replacement will occur. “Who gets laid off first? Writers and editors are at the greatest risk, the report says — 57 percent […]
– by New Deal democrat Let’s take our weekly look at jobless claims, recently perhaps the most positive datapoint in the entire economy. And it continued to be so this week. New jobless claims rose 6,000 to 214,000, while the four week moving average rose 750 to 210,750. With the typical one week lag, continuing claims […]
Commentary taken from; USA Facts. Data is from “Table 7. Consumer Price Index for All Urban Consumers. “What are the biggest drivers of inflation in the past year?” USAFacts Answering the question proposed by the title? Housing was the main driver of inflation from March 2025 to March 2026. There is some of my editing […]
Update on what Trump is doing for the remaining Oath Keepers and Proud Boys. 1500 and counting pardoned by Trump. Even though they were guilty of storming the Capitol. The remainders were offered clemency. “Justice According to Trump” Civil Discourse Joyce Vance The Justice Department has moved to drop the last remaining January 6 insurrection […]
Not an unusual topic depicted on Angry Bear. I have been writing on this topic for a number of years. But different approach by Dean Baker which I have not seen in a while. “We pay twice as much for our drugs and medical equipment as people in other wealthy countries. We also pay twice […]
Several years ago, I read Isaac Deutcher’s monumental three-volume biography of Leon Trotsky. Naturally, it included an account of Trotsky’s assassination. I’ve also read a couple of Stalin biographies and Richard Pipes’ “The Russian Revolution.” I don’t recall how “The Death of Trotsky: The True Story of the Plot to Kill Stalin’s Greatest Enemy” by […]
“Updating the long leading indicators: corporate profits, and housing.” – by New Deal democrat This week I’m spending some time updating the non-financial long leading indicators. As I wrote on Monday, I haven’t updated these in a while in large part because the chaos coming out of Washington has blindsided much of the economic data. There’s […]
New polling from Strength in Numbers shows the public supports impeachment, 55% in favor to 37% opposed. This supports the prediction from the betting market Kalshi that currently gives Trump a 68% chance of impeachment before the end of his term. (Note that removal by the Senate is much less likely than impeachment by the […]
Just some snippets taken from an NYT article opened by the subscriber to other readers. What the NYT article is looking at is the impact to Asia of the Middle East oil stoppage. The shortage being the on-and-off closing of the Straits of Hormuz. Caused by either by Iran or the United States of both […]