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

December jobs report

December jobs report: more signs of real tightness, while new jobs added are (seasonally?) disappointing There were three big questions I had going into this jobs report:  1. whether the big decrease in new jobless claims to a half century low would translate to another big top line number in the jobs report 2. is […]

Classicalism and Revolution

Classicalism and Revolution, Econospeak, Barkley Rosser  For those of you of a branch of Orthodox Christianity still using the Julian calendar, such as the Russian branch, Merry Christmas! I am tempted to comment on the situation in Kazakhstan, but I think we do not know what is going on there yet, so not now. Instead […]

The soft anti-vaxxness of the Great Barrington Declaration

I have pointed out many times that libertarian critics of lockdowns and vaccine mandates often promote vaccine hesitancy by downplaying the effectiveness of vaccines and exaggerating their risks and the benefits of natural immunity. I had assumed that this anti-vax angle was a later addition to the libertarian playbook, a response to vaccine mandates and […]

Yes, the CDC Can Change Its Mind

Prof. Joel Eissenberg, Biochemistry & Molecular Biology, Geneticist The Nobel Laureate economist Paul Samuelson famously acknowledged in a Meet the Press interview: “Well when events change, I change my mind. What do you do?” This observation applies to the advice from medical authorities such as the CDC and WHO during the COVID pandemic. Some members […]

Oil supply near 10 yr low; big hit to gasoline output & demand

Commenter and Blogger RJS, Focus on Fracking US oil supplies near a 10 year low; biggest hit to gasoline output & demand since 2020 lockdownStrategic Petroleum Reserve at a new 19 year low; total crude supplies near a 10 year low; gasoline production and gasoline demand fall by most in 21 months; gasoline supplies rise by most in 21 […]

More signs of real tightness, while new jobs added are (seasonally?) disappointing

December jobs report: more signs of real tightness, while new jobs added are (seasonally?) disappointing There were three big questions I had going into this jobs report: 1. whether the big decrease in new jobless claims to a half-century low would translate to another big top-line number in the jobs report2. is wage growth holding up? […]

First post on Angry Bear 2003

(Dan here…just a ‘for example’ of the econ blogosphere for your curiosity) February 14, 2003 3:20 am Income and Consumption by Angry Bear So here’s the bit of information that lead me to finally decide to put my two cents on the web. Dave Neiwert reports that the 2003 Economic Report of the President contains language referring […]

Is ‘Big Pharma’ To Blame For the Opioid Crisis?

That is a pretty dumb question. There are still some who claim they are not even to blame or responsible after a couple of decades of Pharma spreading around this poison. Now some are trying to make the others who are restricting the use of legal drugs the enemy. Some opening points before I get […]

Initial and continuing jobless claims: 2022 starts out where 2021 left off

Initial and continuing jobless claims: 2022 starts out where 2021 left off The labor market in 2022 started out where it left off in 2021, as new claims increased slightly, by 7,000, to 207,000. The 4 week average of new claims increased 4.750 to 204,500: Readings this low haven’t been seen in half a century. […]

Biden, bipartisanship, and the January 6 attack

I just read the transcript of Biden’s address on the anniversary of the attack on the Capitol, which has gotten generally favorable reviews.  I thought the speech highlighted an inconsistency in Biden’s approach to politics that has served him poorly.  Biden has emphasized bringing the country together, working with Republicans, and returning the country to […]