– by New Deal democrat  Along with all the other reports, yesterday the JOLTS survey was updated for February. This survey decomposes the employment market into openings, hires, quits, and layoffs, and so gives a more granular view. The question over the past year has been whether they best describe a “soft landing,” or “hard” […]

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Just some thoughts on manufacturing and international trade I have seen and experienced over the decades. I worked in automotive (care and trucks) for the Tier1s supplying wire harnesses and other components to Chrysler, Ford, and GM. The company also did business with foreign car manufacturers. This particular company was Japanese. US components were shipped […]

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For Trump, the suffering is a feature, not a bug. Here’s Sen. Chris Murphy (D-CT) to explain: “Those trying to understand the tariffs as economic policy are dangerously naive. No, the tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition Trump for relief. […]

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I wish I could put the entire article up; but then you would probably not read it. I did quite a bit of editing to get this article to the point of establishing what the Gov did during the pandemic concerning unemployment. Much of which was done during Joe Biden’s presidency. Besides showing the first […]

The post Unemployment Programs Provided Vital Support to Workers and the Economy During Pandemic appeared first on Angry Bear.

February construction spending: nominal vs. real makes all the difference  – by New Deal democrat Since the turn of the Millennium, a downturn in manufacturing has not been enough to tip the economy into recession. There must also be a decline in construction as well. This morning’s construction spending report for February painted a substantially […]

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Arizona is among the states where K-12 public schools rely on federal funding, according to the Pew Research Center. During fiscal year 2022, 19.7% of Arizona school funding came from the federal government, according to the center. Arizona ranks in the bottom 25% of schools for quality of education. Underpaid teachers is one issue. Yet, AZ […]

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“The United States led the world in developing the technology that beat the COVID-19 pandemic. Action from lawmakers may leave that legacy—and a $70 billion market—behind.” Abandoning mRNA vaccines is bad science, bad medicine, bad public health and bad business. This is just stupid. Which defines the Trump administration. Trump Administration attacks mRNA vaccines

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 – by New Deal democrat After this morning’s contractionary ISM manufacturing report, it occurred to me to look at heavy truck sales to see if they confirmed the downturn. They did, but like the manufacturing index.  Heavy Truck versus Light Trucks. Which models are they? Heavy Trucks are 14000 lbs+ or class 4. While passenger […]

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Or so they say . . . “an error.” I am sure Trump could get Garcia back from El Salvador. He always brags about being able to do this or that. After all, he is the president. The problem here is Trump has issues with people of different cultures. So any rescue by Trump is […]

The post Enforcement and Removal Operations at ICE, “this removal was an error” appeared first on Angry Bear.

Winning a judgeship should not be a big deal. Susan Crawford won or will win a seat on the Wisconsin Supreme Court. The problem as I see it? This was not about who would be the best judge or better credentials. It was about political party and which political party may or would benefit from […]

The post Little Girl Growing Up in Chippewa Falls Wins in Wisconsin appeared first on Angry Bear.

– by Suzanne Gordon and Steve Early Washington Monthly also at Z Musk and Trump’s DOGE cuts are a grave threat to veterans’ healthcare and benefits or the VA as many know it as. Earlier this month, Vietnam War veteran Paul Cox went to a Department of Veterans Affairs (VA) medical center in St. Louis to […]

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ISM manufacturing index returns to contraction as the front-running of tariffs has ended  – by New Deal democrat [Note: I’ll report separately on construction spending, also released this morning] Although manufacturing is of diminishing importance to the economy, (it was in deep contraction both in 2015-16 and again in 2022 without any recession), the ISM manufacturing […]

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“Newsmax raised $75 million in its IPO Friday, with shares priced at $10. Newsmax’s rapid ascent in its first two days of trading pushed the company’s market cap to $16.7 billion. Shares traded around $190 early Tuesday.” Sounds great, right? But scroll down a bit: “The company is facing an ongoing lawsuit from Dominion Voting […]

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Peter D. Wallace, 19 June 1961 – 26 December 2024 Prelude I have been working for many years. Not enough, by any stretch, but many. And, as with many males Of A Certain Age, my first regular job was delivering newspapers. Specifically, in my case, the Cincinnati Enquirer, a morning paper that had some appeal […]

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I recall a time when the GOP posed as the staunch defenders of America’s military, including military veterans. But Republicans have stopped saluting veterans and save their salutes for tax cuts. “The Veterans Affairs Department is planning to lay off tens of thousands of employees throughout its organization later this year, according to an internal […]

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It sure looks like this is the plan according to Americans for Tax Fairness. If one of the expiring provisions–lower individual tax rates – were instead extended, Trump could have an extra and ~ $2.7 million in his pocket over 10 years. And that is a modest estimate by the Tax Fairness Group. An extension […]

The post Trump & Musk Families Saving Billions From Republican Tax Plans? appeared first on Angry Bear.

This is a serious issue. New drugs enter the marketplace at a higher price to recoup the costs of development. Do the prices come down over a period of time? Not necessarily, there-in lies the issues. When are drugs paid off? Can’t say I have an answer yet. I am combining old data with new […]

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A follow up to Part I. Brief Intro: The international role of the dollar and how it does or doesn’t affect the U.S. balance of payments. Paul throws in some discussion on the foundational fallacies underlying Trump officials beliefs on trade. “A Balance of Payments Primer, Part II: The Dollar and All That“ – by […]

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 – by New Deal democrat The deluge of new monthly data starts tomorrow. Today there’s no significant data, so let me follow up on a point from Friday’s personal income and spending report. I never look to see what others are saying before I finish my own analysis, because I want to be as unbiased as […]

The post Why I am Not Concerned by February increase in Core PCE inflation appeared first on Angry Bear.

Another change of mind and also in a direction by the US as led by the Donald. Testin other countries or a lack of concentration and direction. Kind of embarrassing as we have a leader who can not stay focused. President Donald Trump appears to have had a change of heart about the United States taking […]

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