Angry Bear

Starting off the second half of 2026 (mainly) positive

– by New Deal democrat [Special programming note: Today we begin the second half of the year. On Friday there will be no data due to the federal holiday. Since I haven’t updated my overall nowcast and forecast for the economy, as well as how average Americans are doing economically, I plan to do so then. […]

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Increasing Corporate Funding and Spending for Candidates Leading up to the 2026 Elections

Introduction: Nearly one third of all corporate political spending on elections since the 2010 Citizens United decision has occurred in the current election cycle. This is months before the general election, a new report from Public Citizen. I suspect this is more for Republicans then Democrats. “‘A Disaster for Democracy’: Report Shows Surging Corporate Spending in 2026 Elections,” Common Dreams, […]

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The Late Rise of Electric Cars

Some introduction and then explanation. A rather brief take on what is going on with the Electric Car in the United States and why it did not succeed. Think Trump . . . President Trump has ordered the elimination of the EV mandate and termination of federal support for EVs. “Quantifying Trump’s impacts on EV […]

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Latest TACO?

Trump refused to sign a housing bill passed by bipartisan veto-proof majorities. But if he refuses to sign it and refuses to veto it, it becomes law. “Speaker Mike Johnson says the landmark housing affordability package Congress passed earlier this month will become law — and that Republicans won’t have to take an uncomfortable vote […]

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Repeat home sales continue to show almost no shelter inflation at all

 – by New Deal democrat Besides affordability being of great importance for potential homebuyers, housing also forms about 1/3rd of the entire CPI. House prices are not a component of the CPI, but historically their trend has led the official component, “Owners’ Equivalent Rent,” by about 12 to 18 months. And for about the last […]

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Assessing a SCOTUS Decision

Robert is addressing why the latest SCOTUS decision is in deliberate error when reviewing what the FTC is mandated to do by law. Can SCOTUS deliberately disregard the will of Congress and install its own hacks in independent regulatory agencies (with the odd exception of the Federal Reserve Board)? Some might call this, legislating from […]

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Abbott’s conduct significantly reprehensible with regard to Similac Manufacturing Issues

Having worked in the healthcare field manufacturing products, extraordinary care has to be taken so as to avoid just as happened in the manufacture of Similac. “Missouri Appeals court upholds $495M ruling against Abbott in baby formula case,” Seeking Alpha Abbott is still on the hook for $95M in compensatory damages and $400M in punitive […]

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No Air Conditioning? You Adapt . . .

We never had air conditioning when I was young and still had years before hitting 19 when I left home forever. Some how in their homes after I left had air conditioning. Abd I was down at Lejeune or in Cuba. Humidity versus a dry heat, Both were uncomfortable even with your sleeves rolled up. […]

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Re-examining the long leading indicators: the effects of fiscal and commodity price shocks

– by New Deal democrat Several weeks ago, I wrote that “after 20 years, I think it’s time to examine whether the broad range of long leading indicators hold up.” This was primarily because, while when they have been positive the economy has followed suit 12 to 24 months later, several times they have been […]

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Courts Block Trump Attack on Mail-in Voting

“A court blocked Trump’s attack on mail voting. But voting advocates aren’t celebrating yet,” Save the Post Office Taking from “Save The Post Office,” Presented by long time acquaintance Steve Hutkins and formerly Mark Jamison. Democracy Docket: President Donald Trump’s attempt to attack mail voting and build a national voter registration list took a major […]

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Do You Need a SS Number to get ACA Healthcare Insurance?

Tweedle-di and Tweedle-Dum (Oz and Kennedy) believe you do and of course they will say illegals were applying for ACA healthcare insurance in the past. (All lies and jest, but a man is what he wants to be and disregards the rest.) Oops. slipped back to the past in my Wayback Machine mind. Trump believes […]

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At Ford, AI wasn’t ready for prime time

Ford increasingly relied on AI-driven inspection systems to streamline production and address quality control issues. How’d that work out? “Ford has admitted to rehiring hundreds of human workers after its aggressive AI adoption strategy backfired. “The US automaker hired over 350 veteran engineers, referred to internally as “gray beards”, over the past three years in […]

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New Deal democrat’s Weekly Indicators: Simply Stellar Consumer Spending June 21 -June 27

Unsurprisingly, the most significant high frequency indicator of the week was the 10% YoY increase in consumer spending as measured by Redbook. Despite all of the chaos and own-goals emanating out of Washington, the economy is incredibly resilient. II continue to worry that nearly the only driving force is what looks like a Bubble in […]

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“the most heinous act in which a democratic government can engage is to use its law enforcement machinery for political ends.”

There is justice protocol for most all American Citizens which is strictly followed. Then there is a justice protocol for those American Citizens who are politically entitled and are not held liable for their actions as most cmmon citizens are held too. I would not try what he did as I would be held responsible. […]

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Quote of the day

Apparently, the Supreme Court has decided that what the Constitution *really meant* all along was “disclosure for thee, but not for the VIPs with checkbooks the size of small nations.” Because despite decades of rulings affirming that states can, in fact, require donor transparency to keep democracy from smelling like week old fish, the Court […]

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Costs of a Needless War Has an Economic Impact on Citizens

“Trump’s war in Iran has wiped out 1.5 years of wage growth,” Economic Policy Institute The Trump administration’s decision to start a war with Iran has imposed disastrous costs (both economic and humanitarian) around the world. The U.S. has been insulated from these costs more so than most other countries. Yet, even here the costs […]

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Real personal spending on durable goods rebounds from near recessionary levels, including motor vehicle purchases

 – by New Deal democrat Yesterday we saw a slew of data releases, including durable and core capital goods orders, jobless claims, personal income and spending, and motor vehicle sales. I reported on all but personal spending and motor vehicle sales yesterday. Today let’s take a look at the last two. Let me start with the […]

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