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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 ... more

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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.
The Ever Given And A Wee Bit Of History
In 1967, 68, 69 & 70 there were still the freighters owned by big shipping lines, the cruise lines, and a lot of the old Victory ships coming and going from SF.
Summers Ignores Politics, Unfairly Blames Progressives
Democrats used the pandemic relief bill to advance social policy goals unrelated to macroeconomic stabilization, notably increased subsidies for health insurance, and the creation of a child allowance.
The Long Term Consequences Of Economic Downturns
Chairman Powell, Secretary Yellen, and President Biden have recently spoken about the long term consequences for many of economic downturns. More should, more often. Congress should put this front and center in all discussions about economic policy.
Texas Freeze; Oil Refining And Distillate Exports Drop Most Since Harvey . . .
Data from the USEIA for the week ending February 19, indicated that the big drops in our oil exports and our oil refining associated with last week’s freeze off were greater than the big drops in our oil production and oil imports.
Economic Insecurity, Redux
Whatever character flaws the (U.S. Capitol) insurrectionists have, they or others like them will have the same flaws next year, and the year after that, and on and on. The crooked timber of humanity is . . . crooked. Politics is not a morality play.
Is Bitcoin Really Real Money?
The movement to make Bitcoin into a de facto form of money has taken a step forward when Elon Musk declared that he would be purchasing over $1.5 billion in bitcoin.
Half Of The $1.9 Tn Dem COVID-19 Relief Package
Giving working families an additional direct payment of $1,400 per person and bringing their total relief to $2,000 per person.
Debt And Summers II
Larry Summers has responded to his critics. My first thought is, yes he is still really smart.
Debt And Taxes: This Time It’s Personal
It seems that many people have concerns about Larry Summers’s concerns about overdoing the COVID 19 Relief bill.
Status Quo Bias And Vaccine Supplies
Suppose that we had tested the Pfizer/Moderna vaccines with one dose per person and discovered that they were 85% effective at preventing COVID-19.
Bubble Bubble Toil And Trouble?
So recently there has been a lot of buzz that we may be seeing a variety of speculative bubbles in the US.
Why Did AMLO Wait So Long To Recognize Biden Victory?
AMLO is the nickname of Andres Manuel Lopez Obrador, the President of Mexico. Only yesterday, along with Mitch McConnell, President Putin of Russia and President Bolsonaro of Brazil, AMLO congratulated Joe Biden on his victory over Donald Trump.
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