Several news stories caught attention in the last few days. One was that Moody, the bond rating agency, joined Standard and Poor’s and Fitch, in downgrading the bond rating of US government debt. It would seem the issuer of the reserve currency of the world, and the world’s largest economy no longer has a AAA […]
https://pricklypear.news/wp-content/uploads/iStock-664340822.jpg14142121Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2023-11-17 00:32:272023-11-17 14:30:07The Great Inflation Head Fake
The Great Depression was the most significant macroeconomic event of the past century, but don’t expect to find an accurate portrayal of its causes in your college history classroom. The most commonly assigned college-level US history textbooks contain obsolete and economically erroneous explanations of the 1929 stock market crash and its aftermath. In a new […]
https://pricklypear.news/wp-content/uploads/depression.jpg627640Phillip W. Magnesshttps://pricklypear.news/wp-content/uploads/logo_2023.pngPhillip W. Magness2023-11-17 00:28:562023-11-16 06:26:59College History Textbooks Spread Misinformation About the Great Depression
Sometime during the mid-afternoon of July 17, 1967, a band of six mountaineers set off from Camp VII at 17,900 feet on Mount McKinley in their quest to reach the summit. Four others of their party had summited the mountain two days earlier after an eight-hour climb from Camp VII with nearly perfect weather. The […]
https://pricklypear.news/wp-content/uploads/Mt._McKinley_-_a_Closeup.jpg13662048Mark Wallacehttps://pricklypear.news/wp-content/uploads/logo_2023.pngMark Wallace2023-11-15 00:30:562023-11-13 06:20:14Commercial Real Estate Debt: Calm Before the Storm or the Pause That Refreshes?
The 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (colloquially referred to as the Nobel Prize in Economics) was awarded to economist Claudia Goldin. To preface this article, I don’t believe there should be a Nobel Prize in economics, as I’ve pointed out before. My reasoning on this is in line […]
https://pricklypear.news/wp-content/uploads/nobel-peace-center-oslo-norway-26240088.webp597768Peter Jacobsenhttps://pricklypear.news/wp-content/uploads/logo_2023.pngPeter Jacobsen2023-11-14 00:26:442023-11-12 08:18:31A Nobel for a Student of Civilization
The real Covid scandal is emerging right in front of the inquiry’s nose, writes Fraser Nelson in the Telegraph: Britain could have escaped the horrors of lockdown, but nobody pulled apart the doom models driving it. Here’s an excerpt. Let’s go back to when much of the world had copied the Wuhan lockdown, with two major […]
Something most people don’t think about when they see an 18-wheeler rolling down the road? Corporate welfare. Something many people do think about when they see that 18-wheeler, especially when following one down the interstate and staring at the ubiquitous ads that indicate that many companies are hiring, is the “truck driver shortage.” You’ve all seen them […]
https://pricklypear.news/wp-content/uploads/trucks.jpg339508Gord Magillhttps://pricklypear.news/wp-content/uploads/logo_2023.pngGord Magill2023-11-12 00:28:372023-11-11 11:09:09Driver Shortage? Not So Fast
Higher for how much longer? “The extent of additional policy firming that may be appropriate… The FOMC voted unanimously to keep its five policy rates unchanged today, with the top of its policy rates at 5.50%, as had been broadly messaged in recent weeks in speeches by Fed governors. It was the second meeting in a […]
https://pricklypear.news/wp-content/uploads/fed.jpg339508Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-11-07 00:26:482023-11-06 06:46:25Another “Hawkish Hold” with Tightening Bias: Fed Keeps Rates at 5.50% Top of Range, Rate Hike Still on the Table. QT Continues
The much-awaited and hoped-for slowdown in the second half turned into a drunken party in Q3. This was Fed Chair Jerome Powell’s reaction this morning when he saw the Q3 GDP report, as captured by cartoonist Marco Ricolli for WOLF STREET: In Q3, all our drunken sailors were at it together in one huge party – consumers, […]
https://pricklypear.news/wp-content/uploads/money-3.jpg8541280Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-11-06 00:30:052023-11-04 07:10:49Our Drunken Sailors – Consumers, Governments, Businesses – Have Blast, GDP Spikes in Q3, Powell Seen Tearing out his Hair
Editors’ Note: The following essay is the third of three by Theresa Marcroft published in The Prickly Pear. This series is an important contribution addressing the crisis of unplanned pregnancies in America. The first essay, Weekend Read: How Abortion Hurts Women, presents the very real long-term physical and mental health dangers prior abortion causes, largely […]
House Republican opposition to Ukraine funding – a large part of why Kevin McCarthy was ousted by the Freedom Caucus – is solidifying under newly crowned Speaker Mike Johnson, who hand-delivered a report to President Biden with a list of demands. In particular, the list – written by Rep. Mike Garcia (R-CA), informs Biden that Congress won’t […]
https://pricklypear.news/wp-content/uploads/32685200407_d4115b6dc4_c.jpg533799Tyler Durdenhttps://pricklypear.news/wp-content/uploads/logo_2023.pngTyler Durden2023-11-02 00:28:172023-11-02 08:09:21Congress Headed For Showdown Over Ukraine, Israel Funds As Massie And Greene Say ‘NO’ To All
The Great Inflation Head Fake
/in Economy, Featured, Latest News, Personal Finance, Politics/by Neland NobelSeveral news stories caught attention in the last few days. One was that Moody, the bond rating agency, joined Standard and Poor’s and Fitch, in downgrading the bond rating of US government debt. It would seem the issuer of the reserve currency of the world, and the world’s largest economy no longer has a AAA […]
College History Textbooks Spread Misinformation About the Great Depression
/in Culture War, Economy, Education, Featured, Latest News, Politics/by Phillip W. MagnessThe Great Depression was the most significant macroeconomic event of the past century, but don’t expect to find an accurate portrayal of its causes in your college history classroom. The most commonly assigned college-level US history textbooks contain obsolete and economically erroneous explanations of the 1929 stock market crash and its aftermath. In a new […]
Commercial Real Estate Debt: Calm Before the Storm or the Pause That Refreshes?
/in Economy, Featured, Latest News, Liberty, Personal Finance, Politics/by Mark WallaceSometime during the mid-afternoon of July 17, 1967, a band of six mountaineers set off from Camp VII at 17,900 feet on Mount McKinley in their quest to reach the summit. Four others of their party had summited the mountain two days earlier after an eight-hour climb from Camp VII with nearly perfect weather. The […]
A Nobel for a Student of Civilization
/in Culture War, Economy, Education, Featured, Latest News, Liberty, Politics/by Peter JacobsenThe 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (colloquially referred to as the Nobel Prize in Economics) was awarded to economist Claudia Goldin. To preface this article, I don’t believe there should be a Nobel Prize in economics, as I’ve pointed out before. My reasoning on this is in line […]
The Real Scandal: Covid Inquiry’s Failure
/in Culture War, Economy, Education, Featured, Healthcare, Latest News, Liberty/by Will JonesThe real Covid scandal is emerging right in front of the inquiry’s nose, writes Fraser Nelson in the Telegraph: Britain could have escaped the horrors of lockdown, but nobody pulled apart the doom models driving it. Here’s an excerpt. Let’s go back to when much of the world had copied the Wuhan lockdown, with two major […]
Driver Shortage? Not So Fast
/in Economy, Featured, Latest News, Liberty, Politics/by Gord MagillSomething most people don’t think about when they see an 18-wheeler rolling down the road? Corporate welfare. Something many people do think about when they see that 18-wheeler, especially when following one down the interstate and staring at the ubiquitous ads that indicate that many companies are hiring, is the “truck driver shortage.” You’ve all seen them […]
Another “Hawkish Hold” with Tightening Bias: Fed Keeps Rates at 5.50% Top of Range, Rate Hike Still on the Table. QT Continues
/in Economy, Featured, Latest News, Personal Finance, Politics/by Wolf RichterHigher for how much longer? “The extent of additional policy firming that may be appropriate… The FOMC voted unanimously to keep its five policy rates unchanged today, with the top of its policy rates at 5.50%, as had been broadly messaged in recent weeks in speeches by Fed governors. It was the second meeting in a […]
Our Drunken Sailors – Consumers, Governments, Businesses – Have Blast, GDP Spikes in Q3, Powell Seen Tearing out his Hair
/in Economy, Personal Finance, Politics/by Wolf RichterThe much-awaited and hoped-for slowdown in the second half turned into a drunken party in Q3. This was Fed Chair Jerome Powell’s reaction this morning when he saw the Q3 GDP report, as captured by cartoonist Marco Ricolli for WOLF STREET: In Q3, all our drunken sailors were at it together in one huge party – consumers, […]
Weekend Read – The Gem of Unplanned Pregnancy Options: ‘Open’ Adoption
/in Culture War, Economy, Education, Featured, Latest News, Life Advocacy/by Terri MarcroftEditors’ Note: The following essay is the third of three by Theresa Marcroft published in The Prickly Pear. This series is an important contribution addressing the crisis of unplanned pregnancies in America. The first essay, Weekend Read: How Abortion Hurts Women, presents the very real long-term physical and mental health dangers prior abortion causes, largely […]
Congress Headed For Showdown Over Ukraine, Israel Funds As Massie And Greene Say ‘NO’ To All
/in Economy, Featured, Latest News, Liberty, National Security, Politics/by Tyler DurdenHouse Republican opposition to Ukraine funding – a large part of why Kevin McCarthy was ousted by the Freedom Caucus – is solidifying under newly crowned Speaker Mike Johnson, who hand-delivered a report to President Biden with a list of demands. In particular, the list – written by Rep. Mike Garcia (R-CA), informs Biden that Congress won’t […]