This should not be much of a surprise to anyone. Unless they are independently wealthy (some are), I would expect Dems to secure their portion of donations from the politically interested. However, it appears people had more interest in Republicans this time. Trump cleaned up with three times the amount Kamala Harris received. This opens […]

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– by New Deal democrat  From 2023 through midyear 2025, there was a distinct pattern of unresolved post-pandemic seasonality to jobless claims, which rose in the first half of the year, and then declined in the second half. Beginning at the end of June last year, though, there was a “change of regime in jobless claims numbers,” […]

The post More evidence for the re-emergence of residual seasonality in jobless claims, but still very positive appeared first on Angry Bear.

Inheritances should be taxed as income from the first dollar. For those who bleat that it’s double taxation, the answer is that all taxation is double taxation. I pay taxes on my income, then use some of the taxed remainder to pay for gas and the associated fuel tax. Every time money changes hands, it’s […]

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Our first home was a house made of Cedar siding in an oak forest. It had a basement and two car detached garage. Er are on a windling side road coming off of a two-lane road going into a town in Illinois. Most of the time quiet unless they changed the flight pattern. Miss that […]

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 – by New Deal democrat Consumer spending is about 70% of the economy, and retail sales is our first wide measure of that spending. And since consumption leads employment, it is an important real world measure. In May, after two months of being dominated by gas prices, it was even more decisively driven by a likely […]

The post Even adjusting for gas prices, consumers went on a (wealth effect- generated?) spending spree in May appeared first on Angry Bear.

I have worked on this on and off in an attempt to make it more interesting. I can not. It is dull but a much needed report as it is a serious issue for thousands of people living outside of cities. Rural areas do not have the care many people need. The Feds and states […]

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As any pharmacologist or toxicologist will tell you, the dose makes the poison. Most rice contains arsenic. Baked goods contain acrylamide. Seafood contains methylmercury. Natural groundwater contains fluoride. But in moderation, none of those things are toxic. Thanks to RFK Jr, there’s been a lot of silly nattering about the alleged dangers of ultraprocessed foods. […]

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“The only function of economic forecasting is to make astrology look respectable”. ~John Kenneth Galbraith

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This is a good one. Why is it a good one to me. As you get to the end of this, we start to learn about what is changing in the realm of manufacturing and Labor. I do not believe it has changed as much as you have read. Without Labor Input there is little […]

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 – by New Deal democrat When it comes to housing, the post-pandemic economy has been odd. That’s because, as of last year by all accounts housing had deteriorated  sufficiently that a recession should already have begun. Not only did that not (quite) happen, but the current situation would be more congruent with such a recession ending […]

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Jonathan Last has a fairly detailed piece (with links to more details) concerning something called mBridge, which looks to be China’s ‘camel’s nose under the tent’ for dethroning the dollar as the world’s reserve currency. Read the whole thing. Here are some highlights: Currently, most of the world uses the Society for Worldwide Interbank Financial […]

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The Age of the Super A*sholes – by Robert Rich To describe both as selfish narcissists would be a wild understatement. Both are maniacally obsessed with increasing their own personal wealth, power, and control. Both have been willing to break laws, norms, and other social constraints in pursuit of these goals. Both have manipulated, bribed, […]

The post There Are Some Who Should Not Be a Part of Society appeared first on Angry Bear.