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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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November Durable Goods: New Orders Up 2.5%
The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for November reported that the value of the widely watched new orders for manufactured durable goods increased by $6.5 billion to $268.3 billion in November.
American Shopping - A Runaway Train?
Raising rates is not going to fix the infrastructure for supply chain, much less JIT. Lo and behold, the Fed will whack consumers, the peasants of the economy.
Record High In Producer Price Index And Other Market Indicators
The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in November, as prices for finished wholesale goods rose 1.2% while margins of final services providers were 0.7% higher…
Labor Is Not A Commodity
Labor was conventionally regarded as a private good by both classical political economists and conservative thinkers such as Edmund Burke, who argued, “labor is a commodity like every other, and rises and falls according to the demand.”
Essential Freight
Seldom do we get the chance to build something the way it should be. For the internet, the first chance was back in the 1990s. Not enough was known then. We’ve learned a lot the hard way since.
Three Days At Camp David And The Global Currency Power Of The US Dollar
Fall is the time of the year to announce the recipient of this year’s “Globie”, i.e., the Globalization Book of the Year. The prize is strictly honorific and does not come with a check.
Stare Decisis — Latin For “to Stand By Things Decided.”
My experience has caused me to learn the law and how it applies to us. I have learned attorneys are not necessarily honest with plebeians. You know us butchers, bakers, candle stick makers or collectively anyone at all.
Us Crude Supplies At 35-Month Low; Total Oil And Product Supplies At 6 1/2-Year Low
US oil data from the US Energy Information Administration indicated that, despite increases in our oilfield production and our oil imports, we still needed to withdraw oil from our commercial crude supplies for the seventh consecutive week.
For July – Industrial Production Rises 0.9%
The Fed’s G17 release on Industrial production and Capacity Utilization for July indicated that industrial production rose by 0.9% in July after rising by a revised 0.2% in June and a revised 0.8% in May, and is now up 6.6% from a year ago.
Job Openings Increase 590,000 In June After May Revised 270,000
Breaking down the seasonally adjusted job separations, the BLS finds that 3,869,000 of us voluntarily quit their jobs in June, up by 239,000 from the revised 3,630,000 who quit their jobs in May.
Cow Farming And Its Impact On The Climate
A burger won't negate an airplane. Indulge me for a moment while we talk about climate change, population growth and cows.
Breaking And Entering - How To Get Into Farming
We now have multiple farms popping up all over the country that have one goal in mind: bring you the best seasonal produce that your area can allow.
The Trumpification Of Xi Jinping
The Peoples’ Republic of China (PRC) has achieved great outcomes over the last several decades, especially after the late Deng Xiaoping took effective control of the nation from Maoist holdovers.
Farm And Ranch Report, May 2021 Beef Cattle Prices
Wholesalers and larger food chains such as Walmart can manipulate pricing to benefit themselves at the expense of small farmers who do not have the herd sizes or grazing capability to support the former and to push back.
Record High Trade Deficit
Our trade deficit was at another record high in March, 5.6% higher than in February, as both our imports and exports increased, but our imports increased by more.
Other Enjoyments, Of A Purer, More Lasting, And More Exquisite Nature
When actions have unintended consequences, it is not because of some celestial law of irony. It is because human motives and actions are intrinsically ambivalent.
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