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Slightly Left of Center Economics Blog
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Relevant and even prescient commentary on news, politics and the economy. Emeritus Contributors to Angry Bear include: Bill McBride, now at his own Calculated Risk, Kash Mansori who now writes sometimes at The Street Light occasionally, Pro Growth Liberal (PGL) now at Econospeak, and Mike Kimel, ...more

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Review: "The Future Is History"
The book, which mostly follows the lives of Russians born in the 1980s, helped refine my understanding of post-Soviet Russia.
Banking For The People
The current banking system in the United States and its fine and fee-heavy profit model is a barrier to economic entry and financial security for millions of individuals and families.
One Person’s Detailed History Of Paying Off A Student Loan
Mary Jacob explaining the student loan she paid off. This is a loan which had high balances due to miscalculations, etc. If I felt up to it, I could probably figure out how she ended up paying $16,000 in the end.
China And The Debt Crisis
China has taken a different position with regard to the debt of developing nations.
Pride, Chaos, And Kegs On Labor’s First ‘Day’
A bit of history leading up to the creation of Labor Day as a holiday, the first day of celebration, the politics, how it came to be, and the politics as told by Prof. Heather.
Student Loans
America is the land of equal opportunity. Well, yeah, truth be, your odds are little bit better if your parents can afford to send you to a good university. Other that, it’s even Stephen.
Will The Inflation Reduction Act Reduce Inflation?
Probably not, but it also will probably not increase it either. This is the judgment of the Congressional Budget Office and also the Penn Wharton Budget Model, as well as libertarian economist Tyler Cowen, who is critical of much of its content.
New Jobless Claims Decline For A (Recent) Change
For the last several months, there has has been nearly a relentless slow increase in new jobless claims. That trend broke, at least for this week.
The Semiconductor Bill And Moderna Billionaires
A lot has been said about building semiconductor manufacturing plants in the US. One plant grows the silicon wafers and the other plant fabricates (fabs) the semiconductors. The manufacture of semiconductors is not labor intensive.
The Global Financial Cycle And Emerging Market Economies
The Federal Reserve’s latest increase in its policy rate is a signal of its desire to reestablish its credibility after U.S. inflation rose to 8.6% in May, and a precursor of more hikes.
US Supreme Court Rebuffs United Healthcare Medicare Advantage
According to a 2016 federal audit, the government paid out about $16.2 billion that year based on unsupported diagnoses, nearly 10% of the total paid to Medicare Advantage insurers.
Senator Manchin Telling A Story
Senator Manchin has a million excuses for doing “nothing.” I am not sure why the rest of the Dems do not out him.
Baby Boomers Unretiring
Millions of older Americans have returned to work in recent months, with nearly 64 percent of adults between ages 55 and 64 working in April. Essentially this is matching the share working in February 2020.
Trade Deficit Rose On Imports Of Industrial Supplies, Materials And Consumer Goods
The trade deficit was at another record high in March, 22.3% higher than February’s record, as both imports and exports increased, but imports increased by quite a bit more.
SPR, Oil, Distillates, Product Inventories Low
The US Strategic Petroleum Reserve is at a 1058 week low, US oil supplies are at a 746 week low; distillates supplies are at a 729 week low, total oil and oil products inventories are at a 711 week low, and gasoline imports are at a 8 month high.
SPR And Oil Supplies Low, Same With Distillates And Products
This week’s 1,817,000 barrel per day decrease in our overall crude oil inventories left our total oil supplies at 969,713,000 barrels at the end of the week, our lowest oil inventory level since January 11th, 2008, and thus a 14 year low.
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