Next weeks blog is early because of topicality and grandchildren. It is probably a failed attempt at transforming raw anger into meaningful prose.Both the Financial Times and Timeshave good accounts of what the former calls Boris Johnson’s money network, following earlier analysis in Open Democracy. (See Peter Geoghegan’s bookDemocracy for Sale in particular.) I have talked before about the ‘Leaders Group’, a longstanding club for Tory donors who enjoy monthly lunches with ministers, but there is also an even more select ‘Advisory Board’. This, according to the Times, “granted privileged access to the prime minister, ministers and advisers at the top of government.” Before linking this to policy over Covid, it is important that we are clear about what is going on here. The… [Read More...]

Macronutrient Calculator – Calculate Your Macros Here
It wasn’t too long ago that people only had a vague idea of what their body required fuel-wise in order for them to see results in the gym. However, smart fitness means smart nutrition and with the help of macronutrient calculator tools like the one below, it’s now easier than ever to meet goals. What are… The post Macronutrient Calculator – Calculate Your Macros Here appeared first on Anabolicco. [Read More...]
You can fool some of the people….
You can fool some of the people all the time…all of the people some of the time…but you can’t fool all the people all the time.Just watch me make a fool out of Lincoln. [Read More...]
Housing prices surge, no moderation in CPI
House prices continued to surge through April; expect no meaningful moderation in the CPI anytime soon House price increases continued to go through the roof as of April, as reported this morning in both the Case Shiller and FHFA house price indexes. The Case Shiller national index rose another 2.1% for the month and 20.4% […] The post Housing prices surge, no moderation in CPI appeared first on Angry Bear. [Read More...]
Information wars
Contrast public perception in the UK of Putin’s invasion of Ukraine with the US and UK invasion of Iraq. There is, rightly, no attempt to balance the reality of what is going on in Ukraine with Putin’s propaganda. National self-determination for Ukraine is being overridden by the use of lethal force based on the fantasies of empire by one man, or a small group of men around him. But the reality of the Iraq war was not so different. The invasion was the project of one man, George Bush, or a small group of men around him, with the UK following because our Prime Minister thought he should. Yet with Iraq public perceptions were different, because the misinformation was coming from our own governments. We were… [Read More...]
A day at Del Mar with the great Trevor Denman….
SOURCE: Funny Economist – Randall Parker’s Completely Serious Macroeconomics Blog – Read entire story here.
A Comment on Housing, Inflation, and Fed Policy
A comment on housing, inflation, and Fed policy (and a side comment on spending) No big economic news today, and as usual little State reporting on COVID over the weekend, so let me make a couple of points. As an initial note, the big report I will be paying attention to this week is personal […] The post A Comment on Housing, Inflation, and Fed Policy appeared first on Angry Bear. [Read More...]
The origins of mediamacro, and how to consign it to history
“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back” For those new to this blog, mediamacro is a term I coined for how macroeconomics is generally talked about in the media, particularly when discussing the general direction of fiscal policy. By implication it is very different to what economics students are taught. What I mean by mediamacro will become clear in this discussion.The famous quote from Keynes is relevant, because with mediamacro the practical men were the vast majority of journalists who were convinced after the Global Financial Crisis (GFC) that governments… [Read More...]
Connecting the dots…or not.
It is apparently lost on young Mr. Kaepernick that while he is speaking out against oppression he is also wearing a T-shirt glorifying Fidel Castro. The contradiction means nothing to him and is evidently beyond his ken. This is pitiable. But what else to expect from someone who has equated the American flag with the Confederate flag and gone as far as to say if you do not see that then you are ignorant of history. Dear me.Someone also indicated to me that he had a discussion about raising the minimum wage the other day. He disagreed and said it was a bad idea. The other person called him a racist. Boom, end of discussion.Have we really come to this in this country? [Read More...]
Today’s Hearing
Hey, if you are not listening to this, you should be. It is more along the lines of “what did you know and when did you know it.” One of Mark Meadow’s assistants is reviewing what she knew with the committee. The post Today’s Hearing appeared first on Angry Bear. [Read More...]
Government spending is not limited by tax revenues or borrowing, but it isn’t limited by the productive capacity of the economy either.
When ministers, in response to demands for more public spending, declare there is no magic money tree they are in literal terms lying. One of the things that make governments that use their own national currency quite different from households is their unique ability to create money. This is no great economic revelation, as it has been taught to first year economics students for as long as there were first year economics students. There is a very simple relationship between spending, taxation, borrowing and money creation. If we include paying the interest on its debt as part of government spending, then we can express that relationship in the form of an equation: Government spending – taxes = new borrowing + new money creation A great deal of confusion… [Read More...]
Can Congress protect abortion rights? Yes, here’s how.
Kevin Drum raises the question: In the aftermath of the Dobbs decision, some conservatives are talking about passing a national ban on abortion. But I don’t think they can do that. Drum goes on to explain that the federal government is a government of enumerated powers, and that it is not obvious that any of the recognized […] The post Can Congress protect abortion rights? Yes, here’s how. appeared first on Angry Bear. [Read More...]
Winstrol Cycle For Beginners
When it comes to a cutting phase for beginners, a Winstrol steroid cycle is a great choice. Most experts recommend pairing with Equipoise for the best results and the fewest side effects. Although you can build a cycle in many ways, the following information is tailored specifically to men who want to try their first cutting cycles… The post Winstrol Cycle For Beginners appeared first on Anabolicco. [Read More...]
Why has UK real wage growth been so low?
Some people have expressed surprise that UK real wages have recently fallen during a period when the UK labour market was pretty tight. (That tight labour market may be coming to an end as unemployment has begun to rise). Here is the real (in terms of consumer prices) level of the monthly average earnings data for regular pay (excluding bonuses) ending in April this year. Levels of this measure are a little messed up in 2020 because of the pandemic, but the recent fall in real wages is real enough, reflecting consumer price inflation rising more rapidly than regular pay. In April consumer price inflation was over 3% above the increase in regular pay. That real wages should be falling even though the labour market is tight is… [Read More...]
Start it at minute 33:00 for a symposium preview.
http://www.wtibfm.com/single-post/2016/09/13/Watch-Talk-of-the-Town-91216 [Read More...]
Is Putin waiting for Trump?
So suggests Noah Smith: My view is that Putin is banking on congressional Republicans. ; At this point is seems clear that the Ukrainian army is better than the Russian army (more motivated, better trained and led) and that NATO weapons are better than Russian weapons. ; If the current coalition in support of Ukraine holds together, […] The post Is Putin waiting for Trump? appeared first on Angry Bear. [Read More...]
Energy Prices in the UK and France: nationalisation or regulation, and Sunak's spring statement
A comparison of the extent of energy price increases for consumers in the UK and France has attracted a lot of attention. The French government, in a presidential election year, has been quick to limit the extent of any increase for the consumer resulting from massive increases in wholesale prices following the recovery from the pandemic and, more recently, Putin’s invasion of Ukraine. In contrast in the UK the regulator, Ofgem, has set a very large increase in its price cap, which will be painful for all UK consumers from this Spring. (On the origins of the price cap see Giles Wilkes here.) This in turn has reopened the debate between two different styles of relationship between the government and parts of the energy industry: nationalisation… [Read More...]
Start it at minute 33:00 for fun and excitement….
SOURCE: Funny Economist – Randall Parker’s Completely Serious Macroeconomics Blog – Read entire story here.
Back in My Old Home State of Michigan
People in Democrat majority Michigan are Angry . . . Michigan Legislative Black Caucus offers scathing response (audacy.com) LANSING (WWJ) ;— The Michigan Legislative Black Caucus, spearheaded by Sen. Marshall Bullock, slammed the U.S. Supreme Court’s decision in the Dobbs v. Jackson Women’s Health case which effectively ended the constitutional right to abortion in the United […] The post Back in My Old Home State of Michigan appeared first on Angry Bear. [Read More...]
Pretending the pandemic is over has been the disaster most experts said it would be
As I wrote over a month ago Boris Johnson, in an attempt to gain support among at least half of his MPs, the newspaper oligarchs and his party donors, threw science to the wind and all but declared the pandemic was over. No more compulsory masks in public spaces, no more free testing, no more having to self isolate, and a cut back in how we monitor Covid. It was a decision of utmost stupidity, and that stupidity has now become clear. We knew about the BA.2 variant at the time Johnson made his decision, but he ignored it. The media, and the broadcasters are as much to blame here as the right wing press, translated Johnson’s politically motivated edict as a proclamation that the pandemic was… [Read More...]
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