Today’s Consumer Price Index report came in a bit higher than expected: On a seasonally adjusted basis, the CPI-U rose 0.6 percent in March, following an increase of 0.4 percent in February. Energy costs advanced sharply for the second consecutive month–up 4.0 percent in March… The index for all items less food and energy, which […]
As Brad was having fun with President Bush’s confusion in Ohio (“Risk, Return, Confusion”) he reasoned: Okay, so currently every working man and woman puts his or her savings in some combination of Social Security/the bank/the stock market/etc. These investments have total risk X and expected return Y. Now anyone who thinks Y is too […]
The title of this CNN/Money story captures its news: NEW YORK (CNN/Money) – The news was bad: Housing starts plunged 17.6 percent in March, marking their steepest drop in more than 14 years, a Commerce Department report showed Tuesday. But analysts weren’t ready to use that indicator to call an end to the housing boom […]
Part one of the BLS’s monthly inflation check was released today: the Producer Price Index for March. It shows a sharp but entirely expected jump, thanks to higher energy costs. However, excluding energy costs, producer prices rose quite moderately. The Producer Price Index for Finished Goods advanced 0.7 percent in March, seasonally adjusted, the Bureau […]
To help round out our series of posts on health care, I was going to survey the survey evidence about the public’s opinion of their health care system in various countries. But Kevin Drum has beaten me to it: check out his post for the story. The punchline: the US ranks 14th out of 17 […]
Angrybear reader Rob provides the shorter PGL to my side note on John Tamny, which was critique #2 from Brad DeLong. Rob writes: Shouldn’t any “economist” who confuses stocks … with flows … Of course, Tamny is not an economist and few of the NRO econopundits are. But there may be a consistent definition of […]
It seems that market sentiment has abruptly turned in the past week or two. In late March the financial markets were abuzz with inflation fears. Now, on the other hand, the business press abouds with stories about a coming economic slowdown (though worrying about stagflation might make more sense). Some examples: “Clouds gather on Wall […]
Is there a housing bubble? Yes. But what happens after the boom? This post will address the likely bust in the housing market and next week’s post will discuss the possible impact of the housing slowdown on the general economy. For those readers still uncertain about the housing bubble, here is an excellent article from […]
Angrybear readers might have already picked up on the fact that I am generally a free trade advocate. One might then suspect I’d be praising the latest from Lawrence Kudlow. But then Lawrence has to write: But you can blame U.S. textile makers. These businesses have been protected for nearly 30 years but they still […]
Now that you have sent more than your fair share to the IRS, you might be wondering why the Federal deficit is so high. It turns out that when this clueless bear was praising Bob McIntyre and Max Sawicky, they were part of a conference addressing this issue. Max even provides pictures. Shorter Max: allocate […]