Or Is It really a Kenyan this time?
Carter, Begin, Sadat, Brezhnev, and Deng are all long gone. Rumor has it that the last political icon of Tim Curry’s only pop hit has joined them. Or has he? The death of Fidel Castro, 88, has also...
View ArticleSerious Question, Janet Yellen Edition
In spite of a sustained lack of inflation, a large, sustained gap in the Civilian Employment/Population Ratio, an abiding lack of post-recession growth domestically, and significant underperformance...
View ArticleMarking Beliefs to Market, Stan Fischer edition
Brad DeLong Friday morning: I cannot help but note strong divergence between the near-consensus views of Fed Chair Janet [Yellen]’s and Fed Vice-Chair Stan [Fischer]’s still-academic colleagues and...
View ArticleA Carleton S. Fiorina Finger Exercise
Brad DeLong catches Tim Berners Lee Timothy B. Lee [h/t Bob in comments] being, to be nice, disingenuous: …The idea was that [HP and Compaq] would be able to do the things they already did more...
View ArticleQuote of the Day Last Thirty Years of Economics
From, naturally, Robert Waldmann, chez DeLong, pointing out that the Emperor not only has no clothes, but has been deliberately strutting his lack of stuff since the late 1970s: Oh another thing — [the...
View ArticleYes, Brad, He Has
This has produced another edition of “Simple Answers to Simple Questions.” Just to expand this a bit, and to deal with the 1987 absurdity, the proximate cause of the 1989 adjustment—an adjustment of...
View ArticleEdward Hugh, RIP
I’m still not here,* but do want to note the official confirmation that One of the Good Ones The post Edward Hugh, RIP appeared first on Angry Bear.
View ArticleBrad DeLong Rejoins the Reality-Based Community; Mark Thoma tells us why it...
Even if his inspiration for doing so comes from (of all places) the HuffPo, This is spot-on: Unless something big and constructive in the way of global economic policy is done soon, we will have to...
View ArticleWhy Stock Picking is A Mug’s Game, Part (Chapter) XIII
Looking at the past six months, Sears was outperforming Wal-Mart until mid-December. (Graphic via CNN) The post Why Stock Picking is A Mug’s Game, Part (Chapter) XIII appeared first on Angry Bear.
View ArticleFood for Thought, Pulp Edition, and a ‘Peace Dividend’
Tim Taylor (via Mark Thoma) reads part of President Obama’s Proposed Budget and finds this gem: The share of electricity generation from renewable sources was 19.7% of the total in 1960, fell to 9.4%...
View ArticleCanadian Content
Not the same one, but had the same effect on Toronto, ON, that this one did on Deadwood, SD Saint Joseph, MO. ETA: Yes, I conflated Billy the Kid and Jesse James. Here’s an extra video in apology: The...
View ArticleFor Merle
As with William Shakespeare, born and died on the same calendar day. The post For Merle appeared first on Angry Bear.
View ArticleThe Gender Gap in Pay and Hours Worked by Mike Kimel
post by Mike Kimel This post looks at differences between the hours worked, by gender, and the degree to which it could explain the gender gap. To lay the groundwork, the table below shows the number...
View ArticleLoves Comes Quick, Love Comes in a Hurry
And I’m getting bloody tired of doing these postings. The post Loves Comes Quick, Love Comes in a Hurry appeared first on Angry Bear.
View ArticleCelebrating the Living, at the Moment
Erik Loomis of LG&M tweeted out that Guy Clark has entered a nursing home and is “stable.” It’s almost surprising he lasted this long. Suzanna, his long-time wife (a songwriter in her own right,...
View ArticleQuick Links, 10 May 2016
Kevin Drum discovers what I’ve been telling people for more than a decade. Brad DeLong admits that the reason economists don’t know jack about economic growth is that their models don’t support it....
View ArticleTempus Fugitall, Cold Dog Soup version
My post of 13 days ago is now current events. R.I.P., with a couple of reprises: Lyle Lovett discussing and covering the first song Clark ever wrote (and never himself recorded). I don’t know if Guy...
View ArticleAre Economists Idiots or Just Delusional?
I apologize for actual discussing economics and health care today, but this one I couldn’t let lie. The University of Chicago’s Booth School of Business’s IGM Forum Mark Thoma) reports; you decide. If...
View ArticleAsshole Drivers are Assholes, which Dr. Black Used to Know
I got hit while parking today. Driver in front of me, parked with no lights or flashers, backed her van up into my car because she wasn’t actually parking, just dropping one of her kids off at school....
View ArticleI’m Buried, but This Deserves Another Look
Erik Loomis at LG&M notes that Forbes is attempting to encourage age discrimination (no we’re not; wink, wink, nod, nod). And it made me think of this post from Lance Mannion, which deserves to be...
View ArticleIf You Thought 2010 was Recovery Summer, Wait until you see 2016!
Cue the Fed Taking a Dump in the Empty Punch Bowl In May, the civilian labor force participation rate decreased by 0.2 percentage point to 62.6 percent. The rate has declined by 0.4 percentage point...
View ArticleThere’s a Shop on the Corner Selling Papier Mache
One member of d. 2016 mentions the most recent one: Charlie Manson remains alive. And here’s something I put up about nine years ago; a collaboration with Liberace from a documentary about Jack Paar:...
View ArticleWhen He’s Right, He’s Right
Brad DeLong (via Mark Thoma, since my desktop is dead and I saw Mark’s post first): I question Noah [Smith]’s description of the people as “brightest”. If you insist on trying to understand business...
View ArticleThe Fed Continues Trying to be Insane
The Fed did the right thing, and moved in the right direction, though in part for the wrong reason today. Go to Tim Duy for the rational approach. For me, I quote the Fed Inflation is expected to...
View ArticleTim Duy Explictly Declares Reality is Real
And confirms that his own position: is the same as that of Brad DeLong (et cetera.) and those of us who try paying bills [T]he [Federal Funds Interest Rate target] debate has shifted in the opposite...
View ArticleWhen to Stop Reading a “Non-Fiction” Article
(cross-posted from Skippy the Bush Kangaroo) Mark Thoma sends us to Benjamin M. Friedman. Given that imprimatur, one expects precise analysis. (Mark, after all, is an econometrician by trade.) So it...
View Article“Tell Me What Democracy Looks Like”
I have a face for radio and a voice for mime. My Eldest Daughter, on the other hand, can project. She proves it for about thirty seconds of this (badly-mixed, overorchestrated) NPR video (starting...
View ArticleAny Economist Who Talks about Rational Investment is Full of Shit, Hoosier...
CPAC had a gathering of Republican Governors today. As Jennifer Hayden (@Scout_Finch) on Twitter noted, the Brownback/Walker/etc. panel was called “How to ruin your state’s economy with one easy tax...
View ArticleMinimum Wage Effects with Non-Living Wages
I’m teaching “Economics for Non-Economists” this semester. This is an interesting experiment, and is strongly testing my belief that you can teach economics without mathematics so long as people...
View ArticleTen Years Have Got Behind You
It has been almost ten years since: Bear Stearns folded Lehmann collapsed of its own free will I posted on this blog All of the above Those who guessed “c” or “d” are optimists. Those who are expecting...
View ArticleIs this Short Covering, or Are the Suckers Flooding the Market?
Via ElNuevoDia at LG&M, “Gamblers are now betting that Kavanaugh will not be confirmed.” The market in question, at PredictIt, seems rather straightforward. Note, though, that the contract only...
View ArticleIn the New Gilded Age, Capital is not for Investment
Many years ago, Goldman Sachs published research showing that, from about 1995 to 2004, more money had been taken out of S&P 500 companies in dividends and share buybacks than the companies had...
View ArticleThe Bank is the Colour of Malpasspractice, not Dead Televisions
If you want to understand why Mark Thoma’s 12-year daily-and-then-some blogging effort has become intermittent, consider that President Shit-for-Brains has made his nomination for the person to ru(i)n...
View ArticleWhat a Difference Three Days Makes?
March 27: TEGUCIGALPA (Reuters) – The United States said on Wednesday it had reached an agreement with three Central American countries to carry out joint police operations in the region, as the Trump...
View ArticleProjection is an Art, not a Science, especially for the SSA
The scary headlines of the past few days have been well-discussed below by Dale Coberly and Barkley Rosser. Data, however, is only as good as its assumptions, and the overall trend is well worth a...
View ArticleF**king Old Enough to Vote
It’s That Day again. I mostly stayed off Facebook (except for birthday greetings) and Twitter, but even LinkedIn has posts of now-yellowed newspaper articles of survivors–and probably some of those who...
View ArticleTHE Important Graphic from April’s Unemployment Report
What happens when you downsize a large number of people? Well, it depends on the cohort downsized. In this case, Figure 1 That’s correct; Average Hourly Earnings skyrocketed from $28.67 to $30.01: up...
View ArticleThe Comic Stylings of FRED, Employment Edition
I’m back to playing with data, so there will probably be more posts coming soon. (Sorry.) Meanwhile, this one was irresistible. FRED® has a “Natural Rate of Unemployment” data series. Apparently, the...
View ArticleThe Cass County, Indiana, Easter Effect
As noted in my last post, I have been looking at data. This usually causes trouble, and today is no exception. As anyone who was paying attention predicted, the “Easter Effect”–a large gathering of...
View ArticlePure Coincidence
Shot: Protecting Your Business From Legal Liability During Reopening May 15 @ 11:00 am – 12:00 pm In this brief 30-minute webinar, we will step business owners through the liability concerns when...
View ArticleRandom Acts of Counties, and Some Malice
Chattahoochee County, Georgia, had a significant increase in cases from a relatively high (ca. 50) base. Fort Benning’s new cases appear to be the source, even as those are not fully reported in the...
View ArticleWisconsin ex-Dane and Milwaukee Counties
In comments to NDD’s post, Terry says: Wisconsin—except for Milwaukee and Madison —basically opened up with no restrictions as a result of the Wisconsin Supreme Court ruling 4 weeks ago and much to the...
View ArticleTrade Incentives and Whoppers: A Finger Exercise
Nick Rowe was looking for the role of money in the Heuristic Macro Model, which is often used to introduce students to Trade economics. The problem he discovered is that there is only a role for money...
View ArticleDavid Reilly, 28 Feb 1956 – 22 April 2021
Dave Reilly died peacefully in his sleep, of “natural causes,” last Thursday morning. At least, I hope it will still be last Thursday morning by the time I finish this post. Better known in the...
View ArticleOne Thousand Words,Version 1
The post One Thousand Words,Version 1 appeared first on Angry Bear.
View ArticleOne Thousand Words, Version 2
Click on image to enlarge . . . The post One Thousand Words, Version 2 appeared first on Angry Bear.
View ArticleA Thousand Words, Version 3
A Thousand Words, Version 3 The post A Thousand Words, Version 3 appeared first on Angry Bear.
View Article2021’s Final Insult
RIP Betty White. One of her finest moments: The post 2021’s Final Insult appeared first on Angry Bear.
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