“Recession Watch” instituted for US economy, as economically weighted ISM indexes indicate present contraction  – by New Deal democrat Two months ago, in response to the new orders components of the economically weighted ISM manufacturing and services indexes, I hoisted a yellow flag “Recession Watch.” That continued last month as well. This month the economically […]

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I was living in Livingston County, Michigan where all the white folk go. Don’t get me wrong some of the other counties east of Livingston County were nice places too. We were in white suburbia and distant from the City of Detroit. Not so distant as to ignore the city decaying. We watched and whined […]

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Writing on Women’s healthcare and Healthcare in general has been my bailiwick in the past. With the death of Dan and losing some of Angry Bear’s writers as they aged out or just moved on left me with no choice but to expand my vision. It appears our president has a vision also and that […]

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 – by New Deal democrat Since Friday featured the very salient jobs report – and its immediate fallout – I delayed reporting on two other important reports that typically start the month – the ISM manufacturing index, and construction spending – until today. As it turns out, they only amplify the message from the employment report […]

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Trump slapped a 50% tariff on Brazilian coffee. Guess that will show them! “China has approved 183 new Brazilian coffee companies to export products to the Chinese market, according to a social media post of the Chinese embassy in Brazil on Saturday. “The measure, a boon to local exporters after the United States government’s announcement […]

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Ever since November 2024, when Donald Trump took over all three branches of the federal government, there has been no shortage of navel-gazing pieces posing as political analysis of why Democrats are unable to get their voters to the polls. One theme has been that the party is been chasing dollars, and to be successful, […]

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Unemployment increases in July. Job growth is slowing and numbers for the two preceding months were lowered to 19,000 in May, down from 144,000 and 14,000 in June, down from 147,000. Were these unusual? According the BLS, they were somewhat larger than experienced in the past, The size of these revisions were “larger than normal,” […]

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Worthwhile read if you have five minutes. Trump Effect Starts to Show Up in Economy (The Wall Street Journal) Kareem Talking Trump . . . SUMMARY: A chaotic rollout of tariffs is starting to filter through to price tags on store shelves. An immigration crackdown is beginning to weigh on jobs growth, measured by federal surveys. […]

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 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. In the middle of writing the post yesterday afternoon, the news broke that T—-p had fired Erika McEntarfer, the Commissioner of the BLS, for the crime of publishing jobs data that he did not like. For the moment, she has been replaced by her […]

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This popped up in my emails today. So why would Lonnie Griffith Bunch III be so special as to have been called out? The Smithsonian said today (that being August 2), it would restore the information about Trump’s two impeachments to an exhibit about impeachment, in the National Museum of American History, a division of the Smithsonian. Here’s […]

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The dollars are rolling in to the federal government coffers from tariffs. And Trump is claiming victory. “Indeed, Trump has routinely cited the tariff revenue as evidence that his trade approach, which has sowed uncertainty and begun to increase prices for consumers, is a win for the United States. Members of his administration have argued […]

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Taking from “Tracking federal expenditures in real time.” Brookings we are able to see Federal Gov. expenditures over time. In this case, I chose years. The original graph is on the left and was presented by Common Dreams, “DOGE Wasted Tens of Billions.” It is a great graph depiting the differences in administrations. The article […]

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Simple report. Not feeling well enough to deep dive this topic. I tend to agree with Paul Krugman and others (for that matter). Much of this fluctuation (jobs, etc.) is due to Trump’s creation of a nervous economy. There is no stability. The slightest change impacts the economy. The facts keep changing from time to […]

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St. Ronnie quoted the Russian proverb doveryai, no proveryai (доверяй, но проверяй) meaning ‘trust, but verify’ in connection with a nuclear arms treaty with the Soviet Union. Reagan was referring to the posture towards a political adversary. In principle, our government should be an ally, not an adversary. We ought to be able to trust […]

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 – by New Deal democrat I don’t have time to write a complete report on the ISM manufacturing index for July, and the construction spending report for June, both of which were reported this morning, so I will do that Monday when the ISM services report also comes out. In the meantime, here is this bullet […]

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There is hype about the changes in Medicaid and how millions of people will be dropped from its rolls. Such will definitely happen. Millions of US citizens and noncitizens will be dropped from Medicaid. And as this has been said before repeatedly, millions of those noncitizens do the work citizens will not do. Also, the […]

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The firing of the BLS Commissioner Erika McEntarfer for delivering bad news. This is all over the news so I can not claim new, news at Angry Bear. Of course, as you already know, July’s BLS Jobs Report came in at 75,000. The two earlier months were revised downward to 14,000 for June and 19,000 […]

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Trump isn’t a jobs creator—the jobs reports are down. So what does Trump do? He fires the Commissioner of Labor Statistics. How many jobs will shooting the messenger create? Meanwhile, his threatened tariffs have stocks headed down. Will he fire Wall Street? A fed governor steps down, making room for a Trump appointment and setting […]

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July jobs report: especially with revisions, an awful report that screams near-recession  – by New Deal democrat Let me cut right to the chase in this first sentence: the only reason this employment report was not recessionary is that it did not have a negative number. Aside from that, it was either  flat to awful […]

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July down and last two months revised downward. The July jobs report wasn’t just underwhelming. It may have flipped the story on its head. Payrolls grew by a meager 73,000 jobs, far below the roughly 110,000 anticipated. Adding insult to injury, May and June were revised down by a staggering 258,000 jobs — the biggest two-month […]

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