Angry Bear

Curiouser and curiouser

In his quest to find an environmental “cause” for autism, RFK Jr has honed in on acetaminophen. Initially, it was gestational exposure. Now it’s acetaminophen exposure in newborn boys who were circumcised: “While Kennedy did not cite specific research, he appeared to be referencing two older studies. “One was likely a 2015 Danish national cohort […]

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The “Big Picture” nowcast and forecast

 – by New Deal democrat We are well into our data blackout, as no federal economic data whatsoever was released this week. Even sites that functioned in previous shutdowns, such as the Treasury Department’s “Daily Treasury Statement,” have been taken offline. This is simply not the way a functioning country works. So let me conclude this […]

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U.S. residents’ foreign financial assets and liabilities

U.S. International Investment Position, 2nd Quarter 2025 U.S. Bureau of Economic Analysis (BEA) The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$26.14 trillion at the end of the second quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled […]

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ADP Unemployment Report

Late Report on by Angry Bear U.S. (un)employment. Just did not think of it. ADP says private sector sheds jobs as government shutdown halts data, October 1, 2025 Companies shed 32,000 jobs last month, according to data from payroll processor ADP, marking the biggest private sector decline in two-and-a-half years — and yet another warning […]

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Autism incidence vs autism diagnosis

RFK Jr has dishonestly portrayed the increase in autism diagnoses over the past 20 years as an increase in incidence of autism to justify his claim of an environmental cause for autism. Multiple published and refereed reports using twin pair studies show 60-90% heritability for autism, and those are probably underestimates. What changed in the […]

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The advance-decline line and the (maybe) AI-fueled consumer spending bubble

– by New Deal democrat I rarely comment on the financial markets directly, since my focus in on the economy and how it impacts ordinary working and middle class Americans, especially in the near future. But in some cases, the financial markets themselves play an important role in that picture. And this is one of those […]

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Vacancies and Rural Housing Costs

It has been my experience there is a difference in housing vacancy rates between rural areas and cities. It can vary by climate. Florida becomes more populated as people head so. But then so does Wisconsin as people head north to ski. The same holds true for Summer as people escape the heat of the […]

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Achieving historically ‘normal’ GDP growth rates will be impossible

The U.S.-Born labor force will shrink over the next decade: Achieving historically ‘normal’ GDP growth rates will be impossible, unless immigration flows are sustained Economic Policy Institute Reduction of net immigration flows would lead to much slower labor force and GDP growth If we assume that any changes in population levels do not change labor […]

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Being Seized by Homeland Security and Border Control Agents

It used to be said, “If you were not doing anything wrong, what do you have to worry about?” Today, just being on the street going home, to a store, walking to church, etc. is not guaranteed to being safe anymore. Authorities can target you, just because you look different than what they perceive a […]

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Consumer spending has continued to increase

– by New Deal democrat I concluded my post yesterday with the conclusion that “while housing and trucking are plainly recessionary, the broader manufacturing orders outlook and consumer purchases of vehicles are not.”  Today I want to expand on that by taking a broader look at the main coincident measures of expansion vs. recession, and focus […]

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Sowell’s “Applied Economics”

According to Word Press, this is a 30-minute read. I believe it will take you longer to read if you are going to absorb anything from this review. It is well written. I am going to leave the explanation of each section to Zetland. I am sure Economist David Zetland spent more than 30 minutes […]

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“Fixing” Social Security

If nothing is done, the Social Security Trust Fund will be depleted by ca. 2035 and projected retirement benefits will drop by ca. 20%. What are the alternatives? The favorite alternative on the right is to increase the normal retirement age to 70. “Increase the normal retirement age (NRA) 3 months per year for those […]

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