June inflation almost non-existent except for the fictitious measures of shelter  – by New Deal democrat  The message of this morning’s consumer inflation report was the same for almost everything except for the fictitious measures of shelter: sharp deceleration everywhere. Let’s take a look: Headline CPI up 0.2% m/m and 3.1% YoY (lowest since March […]

as often happens, I felt moved to reply to the e-mail that Noah Smith blasts out. On my PhD supervisor Larry Summers to whom I owe a debt I can never repay: who the fuck cares about inflation ? Answer: everyone but for opposite reasons. Economists think that, in the long run, inflation does not […]

In my early days of following Angry Bear, there was a climate change denialist troll whose handle was “CoRev.” Most of the stuff CoRev posted was standard denialist fare that had been debunked. At the time, one favorite denialist claim was the “hiatus,” a period between 2001 and 2014 during which warming seemed to “pause.” […]

This story may not be your cup of tea. I found it interesting. Interesting it took way too long to bring justice for a man falsely accused and carrying the burden of such to his grave. There are three different articles to be read for which I did not do enough justice. NYT has a […]

Another well defined report by NDd about the possibility of recessions. Everything points in such a direction. If the Fed keeps raising its rate, it is almost a foregone conclusion. One a recession starts there is no backing away from it (as if we could). Scenes from the employment report: important leading and coincident indicators […]

Interesting article about local communities beginning to sue energy companies because of climate change and the mischaracterization of how oil products impact the nations climate. Down in Phoenix, we are seeing temperatures approaching the one hundred and teens. No relief is in sight for a couple of weeks. The same can be said for other […]

Scenes from the June employment report: consumption leads employment, goods vs. services edition  – by New Deal democrat No big new economic news today, so let’s take a more in-depth look at some of the information from Friday’s employment report. Today I’m going to focus on the division between goods and services. As I’ve written […]

I subscribe to Letters from an American as written by Prof. Heather to which she has hundreds of commenters. Of course, I answer some when if comes to economics, manufacturing, and supply chain. The latter two being the source of my income for some 40-something years. Rising through the ranks most certainly gave me the […]

I believe the shadow docket will become controversial given it lacks the transparency of a typical court hearing which records the verbalization of the court giving reason for decisions. In instances, where a decision is needed, the court should be meeting and deciding. One issue amazes me, the lack of any verbalization on promoting the […]

In humans, the traits of high intelligence and good judgment are unlinked. There are many such examples; viz: • Kary Mullis, who won for co-inventing the technique behind PCR testing, went on to deny that HIV causes AIDS, helping to sway South African president Thabo Mbeki into rejecting antiretroviral therapy, costing hundreds of thousands of […]