by New Deal democrat Programming note ; Four year ago I wrote a valedictory piece about the Obama Administration, and separately wrote of my fears of what the Trump Administration would wreak. Needless to say, especially in light of events of the past week, I intend to do the same retrospective as to Trump and […] The post Programming note appeared first on Angry Bear. [Read More...]

You’ve Already Seen These Questions Why is it that no existing society, nor society that ever existed, has arrived at universal prosperity, considering that in all times, and in all societies, excepting only the very barbarous, a few years would naturally have led to it? How is it that notwithstanding the unbounded extent of capital, […] The post You’ve Already Seen These Questions appeared first on Angry Bear. [Read More...]

November construction spending confirms building surge One of my consistent themes in the past few months has been how the housing market is priming the economy for strong growth in 2021 as soon as the pandemic is brought under control. In that vein, ;November construction spending surged, confirming what we have already been seeing in housing […] The post November construction spending confirms building surge appeared first on Angry Bear. [Read More...]

Even More Questions What is capital? What power does capital have when invested in machinery, lands, agricultural improvements, etc.? What happens to individuals when they have experienced the accumulative power of money? The post Even More Questions appeared first on Angry Bear. [Read More...]

Final jobless claims of 2020 continue to show a lack of progress New jobless claims declined for the second week in a row this week, but are still significantly above their recent pandemic lows, while continuing claims, seasonally adjusted, once again made a new pandemic low. There is a sizable but by no means certain […] The post Final jobless claims of 2020 continue to show a lack of progress appeared first on Angry Bear. [Read More...]

The Four big coincident indicators as of the end of 2020 All of the important economic data for 2020 has already been released. In this final week only November house prices and one last week of jobless claims remain. So this is a good time to take a look at the current state of the […] The post The Four big coincident indicators as of the end of 2020 appeared first on Angry Bear. [Read More...]

Jobless claims continue to show a sideways to an upward trend New jobless claims declined this week, but are still significantly above their recent pandemic lows, while continuing claims, seasonally adjusted, made a new pandemic low. The downward trend in claims has clearly ended for now, although whether the current trend is sideways or upward […] The post Jobless claims continue to show a sideways to an upward trend appeared first on Angry Bear. [Read More...]