In the seventies when gasoline doubled in price from 30-35 cents per gallon to 60 and seventy cents per gallon, people were pretty angry with the Arabs. That was a big increase and vehicles were not terribly efficient. There were pickups. However, there was not so high a percentage of them on the road. Today […]
Prof. Paul Krugman made mention of the Survey of Consumers findings. It gets kind of interesting. Trump tells stories and an expert calls him out. Two different articles. A portion from Prof. Krugman’s latest and the latest from the Surveys of Consumers where Prof. Krugman uses to point out Trump’s erroneous comments. In his latest: […]
My “Weekly Indicators” post is up at Seeking Alpha. The biggest news this week is how sharply oil prices backed off of their recent highs, as speculators figure that all will soon be back to (at least close to) the status quo ante in the Persian Gulf. Secondarily, the Empire State and Philly Manufacturing Indexes continued […]
I have known Steve Hutkins for years and Angry Bear has presented Steve’s articles at Angry Bear for just as long. In the beginning by my friend Dan Crawford would do so. I picked up the effort shortly afterwards. Steve started to write about the USPS when a local post office in New York’s Hudson […]
When our daughter was applying to colleges, she visited a bunch of college campuses but ended up applying to only two. One was Washington University in St. Louis, which was only a few blocks from where she grew up. The other was Colorado State University in Ft Collins, which she saw on her big college […]
One thing I like about the Bangkok Post is you are getting an accurate replay of what is actually happening and said. There is no enhancement or interpretation of the issue or what is happening. Now, if we can only get the Trump administration to admit the attack on Iran was a mistake. It is […]
“March industrial production mainly continues stagnant trend” – by New Deal democrat Since I didn’t get to it yesterday, let me say a few words about yesterday’s industrial production report for March this morning. I used to call this “the King of Coincident Indicators,” but with the shrinking of manufacturing as a share of the US […]
I have not seen the latest inflation rate since Trump decided to take the nation to war in Iran. Oil jumped in cost and has not really settled back to what it was, Gasoline did similar even though cost to make did not initially rise. For that matter the cost of oil did not increase […]
The following statement appeared in the Smithsonian in 2006. “The United States’ population is growing at the rate of almost 1 percent per year, thanks in part to immigration and its secondary effects. Not only does the United States accept more legal immigrants as permanent residents than the rest of the world combined, but these […]
A couple years back, I attended a town hall hosted by my House representative, Gabe Amo. During the Q&A, a gal who I judged to be in her 20s referred to the current economic situation as “hyperinflation.” That was nonsense, of course. Hyperinflation is defined by prices rising ofer 50% monthly. Historic examples of hyperinflation […]