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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 ...more

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Heirloom Crops And Global Warming
The biggest near-term threat from global warming is loss of fresh water and arable land for crops. It turns out that nature has confronted the challenges of increased temperature, increased salinity, disease resistance and violent weather.
State Taxes Are Driving People To Moving To Other States?
The implication? The ongoing culture war and economic policies of northeastern states had facilitated the migration of wealth and economic power to the South. California has the highest marginal tax rate in the nation.
Mao With Money
The reality of China is that it is retreating into the rigid, sclerotic political dogmatism that characterized the Mao era and that brought down the Soviet Union.
The Current Economic “Big Picture”: By No Means Are We Out Of The Woods
There is no particularly important economic news out today, so let me take this opportunity to step back and give you more of a “big picture” view of my current thinking.
F-35 Maintenance Costs
$42,000 per flight hour that’s 7 switchblade drones per hour. It raises the question of whether the F35 would be cost effective if we got the planes for free (not $80,000,000 each ).
Gasoline Pricing During My Lifetime
Will gasoline ever get down to $2 again? Probably not. OPEC countries need a higher price than that to avoid bankruptcy. But it will probably recede to $3 one of these days.
Sunday Funnies: Stop Drinking Alcohol And Save A Lot Money!
When does a smoked burger by a reputable restaurant cost $78? When you add 4 drinks to the bill along with the $17 burger.
Ignoring Social Security’s Timely Cheap Fix Now Just Costs More Later
There is still time for a still painless and almost a cheap fix. The long-range Social Security deficit can still be closed entirely as far as the eye can see by raising the payroll tax one tenth of one percent per year for a number of years.
How Big Is A Burger King Whopper?
Burger King Whopper is 4 ounces. A Wendy's single is 4 ounces. The real question is, can you misrepresent a product in advertising? Everyone may know the product is not what it is claimed to be.
Chicken, Eggs, And Krugman
Economists understood that with imperfect competition anything could happen, so admitting competition is imperfect implies admitting that economic theory is useless.
Soaring Structure Investment Makes Up For Slowing Consumption As GDP Grows At 2.4 Percent In Q2
The economy grew at a 2.4 percent annual rate in the second quarter, as strong investment growth offset slower consumption growth. Consumption spending grew at just a 1.6 percent annual rate, down from a 4.6 percent rate in the first quarter.
U.S. Recession Fears Ease: Surprisingly Strong Data On Housing, Consumer Confidence, Labor Market
Purchases of new homes climbed to the fastest annual rate in more than a year, durable goods orders topped estimates and consumer confidence reached the highest level since the start of 2022.
Replenishing The Strategic Petroleum Reserve
The U.S. Department of Energy’s Office of Petroleum Reserves announced the awarding of contracts for the acquisition of 3 million barrels of U.S. produced crude oil for the Strategic Petroleum Reserve.
The Bank Crisis Is The Latest Argument To Expand Postal Service Banking
With approximately “10 million households, a disproportionate number of whom being people of color, needing banking in the United States;” there exists a need for a less costly and convenient banking service to be put in place.
Ending The False Debate Over The Debt Ceiling
The current threat of default on the US debt is built on an absurdity, almost a kind of mathematical error. While debate has centered on the level of government spending, the debt ceiling has nothing to do with the level of government spending.
Bankrupt Bed Bath & Beyond Goes After Container And Shipping Companies
The Bed, Bath, and Beyond allegations mirror those of numerous other cargo shippers in the wake of the pandemic that caused supply chain crisis. For bankrupt BBBY, it may just be an attempt to maximize value returned to debtors.
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