Slightly Left of Center Economics Blog
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Angry Bear 2013 made the top third of the top one hundred at the Hedge fund site at Insider Monkey

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May Industrial Production: Meh
Industrial production is the ultimate coincident indicator. It is almost invariably the number that determines economic peaks and troughs. In May it declined -0.1%. While that obviously isn’t a positive, it doesn't suggest any change of trend.
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May Retail Sales Come In Strong
Real retail sales for May came in strong, up +0.6% just in the month. Per capita real retail sales also made a new high, an indicator that the expansion is likely to continue at least one more year.
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Gas And Housing-Powered Inflation Mean Real Wages Are Going Nowhere
This morning consumer price inflation for May was reported at +0.2%. YoY inflation was 2.8%. This is tied for the highest in six years.
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What Causes Recessions? A Physicists’ Complex Systems Model
A reader pointed me to a very interesting paper, “Preliminary steps toward a universal economic dynamics for monetary and fiscal policy.” Here are my related thoughts.
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The Wage[s]-Lump Doctrine — Still Dogma After All These Years
The wage-fund doctrine was debunked and recanted long ago. So why do economists (& CEOs) still cling to this dogma?
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Brief JOLTS Update
Month after month, hires have totaled considerably fewer than openings for several years. If full employment were so close, why wouldn’t hires be catching up?
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STOCKS I FOLLOW

EWG iShares MSCI Germany Index Fund
EWP iShares MSCI Spain Index Fund
FXE Euro Currency Trust
GM General Motors Company
MZG1.F LINAMAR
OIL iPath S&P GSCI Crude Oil Total Return Index ETN
SPY SPDR S&P 500

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Presimetrics
Angry Bear
Black Dog & Leventhal Publishers
08/18/2010
The authors cut through party bias to present the quantifiable facts about how modern presidents have performed on critical national issues Politicians and the media spend a lot of time telling Americans how the presidents and their administrations are performing, but this analysis always skews along party lines. In Presimetrics, Kimel and Kanell take a fresh look at modern politics by gathering data from numerous government sources in order to compare and rank presidential performance on critical issues, from employment and health care to taxes and family values. The results frequently defy expectations. The lively text clearly explains how various policies of each administration affect the data, and fascinating information graphics lend even greater depth to the discussion, showing at a glance how multiple administrations stack up.