Finance
by Calculated Risk on 6/29/2022 10:00:00 AM Today, in the Calculated Risk Real Estate Newsletter: Worst Housing Affordability" since 1991 excluding BubbleExcerpt: I’ve put together my own affordability index -…
Authored by Dave DeCamp via AntiWar.com,According to a report from CNN, White House officials are "losing confidence" that Ukraine will be able to retake all the territory Russia has captured since it…
Yves here. Biomass sounds like a scam and this article intimates that it may be one, particularly since the subsidies are ginormous. Readers? And if you are in California, I’d…
Cathie Wood finally offered up somewhat of a mea culpa - at least for her previous calls on inflation, though not quite so much for the underperformance of her flagship…
Authored by Katabella Roberts via The Epoch Times (emphasis ours)Optimism among business leaders regarding the outlook of the U.S. economy has drastically declined in the past year, according to JPMorgan’s 2022 Business…
Today's main event, the ECB Forum panel featuring Fed Chair Powell, ECB President Lagarde, BoE Governor Bailey as well as BIS head Agustin Carstens, has started in Sintra Portugal.As Academy…
German inflation unexpectedly slowed in June, with harmonized CPI slowing from +8.7% YoY to +8.2% YoY, dramatically below expectations of a rise to +8.8% YoY. Notably, we have seen these…
A month ago, I asked: Has Inflation Peaked? There were persuasive indications that at least in terms of three major drivers of inflation — Automobiles, Homes & Wages — we…
High hopes had been placed on the indirect talks set to be held in Qatar starting Tuesday between Iran and the United States, which involved the European Union mediating between…
The third look at Q1 GDP appears to confirm the worsening picture of the US economy that is now evident in sentiment surveys nationwide.Growth was revised even lower to -1.6%…
by Calculated Risk on 6/29/2022 08:35:00 AM From the BEA: Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), First Quarter 2022 Real gross domestic product (GDP)…
It looks as though not quite everything may be copacetic in the world of Tesla's Autopilot feature. That's because yesterday, in the midst of a now weeks-long period of silence for…
Bitcoin prices dipped back below $20,000 this morning for the first time in a week, thanks to pressure on Asian stocks overnight, as the reprieve from the mid-month puke appears…
One day after futures ramped overnight (if only to crater during the regular session) on hopes China was easing its highly politicized Zero Covid policy after it cut the time…
Jill Cataldo is a master of coupons.She began cutting them out to save a dollar here and 50 cents there in the Great Recession, when she had two children in…
In recent years formerly proud universities such as Georgetown, Princeton, and MIT have cravenly failed to defend liberal principles. Justice, however, is about more than punishing and condemning evil. It…
Authored by Paul Joseph Watson via Summit News,The January 6 Committee’s credibility has plummeted after claims by former White House aide Cassidy Hutchinson that President Trump “lunged” for the steering…
Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…
As we’ve described at length over the years, pension funds like CalPERS are violating their fiduciary duties when they invest in private equity. Remember that a basic requirement is to…
Yves here. The headline is overheated, but it is highlighting that oil markets, and hence the global economy, could be in for a nasty surprise. Recall how Joe Biden has…
Yves here. This post points out that small-scale farmers produce more of the world’s food than big ag, and on less acreage. Global warming plus short-sighted, profit-driven practices have a…
The top 1 percent of earners, who make more than $804,000 a year, contributed 41 percent of the city’s personal income taxes in 2019. About one-third of the people who…
That is the topic of my latest Bloomberg column, here is one excerpt: The Yale proposal is about how to make a Mars settlement democratic, as is an earlier proposal published in…
Authored by Pepe Escobar via The Cradle,The west is nostalgically caught up with outdated 'containment' policies, this time against Global South integration. Unfortunately for them, the rest of the world…
Just months before secretive Israeli spyware company NSO Group required an emergency bailout and its equity was declared worthless, Big Four accounting firm EY valued the privacy-invading enterprise at $2.3…
Authored by John Ransom via The Epoch Times (emphasis ours),An analysis of social media posts shared with The Epoch Times shows growing momentum for Florida’s Republican Gov. Ron DeSantis as…
Residents across San Diego on Monday night reported mysterious lights in the night sky. The unidentifiable lights were spotted south of downtown San Diego. A flood of Twitter users posted pictures…
As we approach the end of the first half, it’s safe to say that how the second progresses will likely be determined by whether the US moves into recession or…
Bank of American has accused struggling retailer Bed Bath & Beyond of cutting off air conditioning in stores in order to quickly lower expenses amid a slump in sales.Bed Bath…
Authored by Matthew Vadum via The Epoch Times,The Supreme Court granted an emergency Republican application to reinstate a disputed election map in Louisiana late in the day on June 28, a move…
South African state power utility Eskom has been hit with labor unrest contributing to widespread blackouts after ten generation units went offline.Reuters says Eskom is facing "Stage 6" power cuts that…
Mr. Steven Kopits writes: Another is vehicle miles traveled, which is either very short term leading (ie, failing one month or so prior to the official onset of recession), coincident,…
By Lydia Saad of GallupTwo-thirds of Americans say recent increases in the price of gas are causing them hardship, which is up from 52% feeling this financial pinch in April.…
Hollywood is dying, their various partners are dying, and they brought it on themselves. The entertainment and corporate news industry has long had a cringe inducing leftist bias, but for…
Authored by Frank Fang via The Epoch Times (emphasis ours),A total of 102 sheriffs in Georgia have joined Gov. Brian Kemp, a Republican who is seeking a second term, in…
by Calculated Risk on 6/28/2022 08:41:00 PM Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• 8:30 AM,…
Lake Mead's water levels are plunging so fast that houseboats on the nation's largest reservoir are getting stuck because there's not enough water in some parts. One houseboat was stranded for…
Authored by Darlene McCormick Sanchez via The Epoch Times (emphasis ours),A retired Texas couple said FBI agents busted through the gate of their rural home, threw flashbangs, handcuffed them, and…
Some people point to initial claims for unemployment insurance. Atkinson and Wei today point out seasonal adjustment issues are probably behind the apparent rise in seasonally adjusted initial claims. Looking…
Who hasn't gone all out for the random Tuesday night bender and hit the sake a little too hard after a tough start to the work week? Plenty of us.When narrowing down that field…
Some additional notes for my students: Why I try to understand where the data come from before accusing people of distorting or hiding data Why I don’t a priori accuse…
Authored by Anne Bradbury via RealClear Energy (emphasis ours),Methane Fee, Windfall Profits Taxes, Repealing IDCs, calls for FTC investigations into price gouging, and now a federal gasoline tax suspension. The…
The key question is when supply chain congestion eases in the US. The question to that answer is not yet, as a new Bloomberg report shows the US' largest containerized seaport in…
Authored by Rowdy Yates via BitcoinMagazine.com,Traditionally, hard money has the two main qualities of autonomy and correlated-redeemability, but bitcoin has the former without the latter...WHAT’S IT BACKED BY?One of the…
We found out last week that Citadel Securities' headquarters was moving from the hellhole of Chicago to the beautiful tropics of Miami. Bloomberg reports a more precise location where billionaire Ken Griffin plans to…
Authored by Paul Joseph Watson via Summit News,China has suggested it will maintain its controversial ‘zero COVID’ policy for at least 5 years, eschewing natural immunity and guaranteeing repeated rounds…
There are two schools of thought when it comes to the stagflation crisis: Those that think inflation in necessities is part of a deliberate agenda of national sabotage, and those…
Authored by Frank Shostak via The Epoch Times,Currently the world is on a fiat money standard - a government-issued currency that is not backed by a commodity such as gold.…
One of the best-selling novels of the 19th century was a work of what we’d now call speculative fiction: Edward Bellamy’s “Looking Backward: 2000-1887.” Bellamy was one of the first…
Economists have claimed that the invisible hand of competition is behind the historical episodes of outstanding artistic achievement, from Shakespearean theater to musical composition in Mozart’s Vienna. Competition, the argument…