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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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Two Banks In Trouble, Some History, And Four Opinions
It is important to start thinking about how we can address the underlying causes of recurring financial crises.
Two Basic Problems Of A Declining Population
A declining population creates two major problems for economic management. These problems aren’t insoluble, given intellectual clarity and political will. But will China rise to the challenge? That’s far from clear.
Not One Inch
Just finished “Not One Inch: America, Russia, and the making of a postwar stalemate” by Mary Sarotte. It is an excellent insight into current events in Ukraine today.
Reviewing Healthcare Costs As Driven By Pharma, Hospitals, And Doctors
Another blast from the past before I get into some newer information. It is still very relevant. It lays a foundation for other work I intend to do.
Repurchase Of Oil For The Strategic Petroleum Reserves
President Biden announced a plan to replenish the SPR using updated authorities allowing for fixed-price purchases of crude oil. I wonder whether the oil companies can be forced to maintain such base prices when they sell gasoline publicly.
Nancy Altman Wants To Turn Social Security Into Welfare For All
Nancy Altman wrote the following piece, which appeared in PROGRESS AMERICA on December 16, 2022. I thought it needed a response because I regard it as dangerous to Social Security. I have inserted my responses interlinear below embolden.
A Victory For Social Security?
It is a shame that now, after 80 years of working very well, reducing poverty, and disproving the lies told about it, Social Security should be in danger of being ruined by people who don’t understand it, but think they are “saving” it for the poor.
A Tale Of Two Recoveries
A Tale of Two Recoveries podcast from the Roosevelt Institute compares the recoveries between now and the Great Recession. What’s Changed since the Great Recession?
Understanding Inflation Using Gasoline Prices
Seems that gas, fuel, and gasoline is being used as a marker to understand just how horrible we have it as a result of the current inflation.
Long Beach And Los Angeles Shipping Backlog Ends
The backup of container ships off Southern California’s coast that was at the heart of U.S. supply chain congestion during the Covid-19 pandemic has effectively disappeared.
A Stale Beveridge Debate
We have reached the stage in the business cycle when normally sensible economists are alarmed that the Beveridge curve has shifted up.
Are You Better Off Now Than During The 2008 Recession?
With all the inflation occurring from oil, supply chain issues, etc.; the question to ask is whether we are worse off than the 2008 collapse of Wall Street and the resulting recession.
World Crop Quick Update
Yields we’re in the dump, shipping is a challenge, fertilizer is a huge issue, but current supply has been binned or sold on contract to processors, crush operators, or ethanol producers.
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.
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