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

Social Security Trustees Update 2020 Report To Include Effects of Covid Recession

Reader and poster Dale Coberly updating Angry Bear readers on recent Social Security findings in the 2020 report. Reader Bruce Krasting had alerted Angry Bear to the publication by the Social Security Trustees of a “revised baseline” that includes effects of the Covid recession on their projections otherwise from the 2020 Trustees Report. “Updated Baseline […]

THE CULT OF THE VICTIM

On March 15, 2019 a gunman opened fire on worshipers at two Christchurch, New Zealand mosques, killing 50 and wounding around as many. Survivors of gunshot wounds often have traumatic injuries that require multiple surgeries and leave them severely disabled for life. Before embarking on his rampage, the alleged gunman broadcast over the internet a […]

Weekly Indicators for November 30 – December 4 at Seeking Alpha

by New Deal democrat Weekly Indicators for November 30 – December 4 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. There is more evidence of weakening of the coincident data, probably as the result of the completely out of control pandemic. Some of that is probably due to new restrictions, some to […]

November jobs report: the “least positive” report since April

November jobs report: the “least positive” report since April HEADLINES: Leading employment indicators of a slowdown or recession I am still highlighting these because of their leading nature for the economy overall.  These were generally positive: 

PRC busts the price cap, lawsuits sure to follow

Fact: Contrary to what President Trump claims, the Postal Service can’t solve its financial problems by raising “the price of a package by approximately four times.” Steve Hutkins at Save The Post Office discusses the financial issues facing the United States Postal Service and why the Postal Regulatory Commission  new plans to increase prices may […]

Kelly Loeffler’s Smears of Raphael Warnock are Met with a Metaphor

I thought this was pretty creative on the part of Reverend Raphael Warnock in responding to Republican and Kelly Loeffler’s campaign attacks on him. If Democratic Senate candidate Raphael Warnock is worried about the deluge of negative ads coming from Republican incumbent Kelly Loeffler and her allies, he isn’t letting Georgia voters see him sweat. […]