Debt doesn’t matter. Until it does. And now it does. The U.S. national debt spiked by $572 billion since the debt ceiling was suspended two weeks ago after the sarcastically named “Fiscal Responsibility Act of 2023” was signed into law, the Treasury Department reported Friday evening. The total government debt now exceeds $32.0 trillion […]
A large portion of the national debt limit bill negotiations involved reestablishing work requirements to receive payments from the various government handout programs. President Biden objected to what was in the House bill and a compromise was struck. Why are we discussing this now? There is definitely a difference of opinion even though a bipartisan […]
https://pricklypear.news/wp-content/uploads/hiring-2575036_640.jpg360640Bruce Bialoskyhttps://pricklypear.news/wp-content/uploads/logo_2023.pngBruce Bialosky2023-06-22 00:28:242023-06-20 06:27:53To Work or Not to Work, That is The Question
Editors’ Note:Â The accounting mechanics are complicated. The bottom line, however, is the FED is pursuing a contradictory policy. If the FED has any function, it was supposed to back up the banking system in the event of a liquidity crisis and maintain a stable currency. Yet, banking failure has been quite prevalent in recent […]
The American economy is far weaker than it should be. Unemployment is low, but this overstates our economic strength given troubling long-term trends in labor force participation. Inflation is still more than twice as high as the Federal Reserve’s target. Real output growth is anemic. We have lots of workers, plenty of capital, and abundant […]
https://pricklypear.news/wp-content/uploads/iStock-1197865054-scaled.jpg17072560Alexander William Salterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngAlexander William Salter2023-06-19 00:31:572023-06-18 06:28:03American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity
Years ago, a colleague in money management displayed a book in his office that he authored called “Everything I Know About the Stock Market.” As I recall, it was a hefty book, attractively bound with a feel of quality. However, after opening up the tome, every page was blank. For financial types, this was quite […]
https://pricklypear.news/wp-content/uploads/wall-street-5772393_640.jpg360640Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2023-06-14 00:30:242023-06-12 06:55:15Here Come The Bulls
Editors’ Note: Dr. Patrick Moore, one of the original environmentalists and a founder of Greenpeace, talks about the theory of global warming and the role of science. We wonder if this “existential crisis” was brought to you by the same people that claimed WMD in Iraq, Russian collusion, that Covid vaccines work, and that men […]
https://pricklypear.news/wp-content/uploads/CO2-Green.jpg250468The Editorshttps://pricklypear.news/wp-content/uploads/logo_2023.pngThe Editors2023-06-14 00:29:552023-06-10 09:53:14Best of Twitter: Carbon Dioxide and the Climate Hoax
A cleansing process, long overdue, to whittle down the corporate debt overhang and clear out deadwood, at the expense of investors. It’s turning into a banner year for corporate bankruptcy filings, after years of Easy Money that caused all kinds of excesses, fueled by yield-chasing investors, in an environment where the Fed had repressed […]
https://pricklypear.news/wp-content/uploads/no-money-2070384_1280.jpg7201280Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-06-13 00:30:412023-06-10 09:39:23The End of Easy Money: Bankruptcy Filings Pile Up at Fastest Rate since 2010
In the old Soviet Union, citizens were not required to be a member of the Communist Party. But if you were not, you could never expect to rise far professionally or socially. You would never be the head of a department in the university, a factory manager, much less the General Secretary. They were always […]
https://pricklypear.news/wp-content/uploads/stay-home-5032307_1280.jpg7201280Jeffrey Tuckerhttps://pricklypear.news/wp-content/uploads/logo_2023.pngJeffrey Tucker2023-06-10 00:28:522023-06-08 14:57:47New CDC Director Is Another Lockdowner
Only an actual border can stop illegal immigration — preferably a border with a really high wall. Whatever your view of immigration, there can be no doubt that the Biden administration’s border policies have been an abject failure. This is especially true of Title 42, the pandemic-era public health order that for the last three […]
https://pricklypear.news/wp-content/uploads/iStock-178965148-scaled.jpg17142560John Daniel Davidsonhttps://pricklypear.news/wp-content/uploads/logo_2023.pngJohn Daniel Davidson2023-06-08 00:26:492023-06-06 06:57:15Title 42 Was Never Going To Fix Illegal Immigration
The debt ceiling agreement brings to mind the famous Stanford marshmallow experiment in deferred gratification. In 1972, an experiment in deferred gratification was conducted at Stanford Univ. Children were given the choice of eating one marshmallow immediately or waiting a period of time for two marshmallows. When the test subjects were followed later in […]
https://pricklypear.news/wp-content/uploads/marshmallow-g1e99eb603_1280.jpg9601280Craig J. Cantonihttps://pricklypear.news/wp-content/uploads/logo_2023.pngCraig J. Cantoni2023-06-07 00:30:552023-06-05 07:27:52A Debt Ceiling Saga: Americans Devour Their Marshmallows
US National Debt Hits $32 Trillion, Up $572 Billion Since Debt Ceiling Suspended. TGA Starts Refilling, Drains Liquidity From Markets
/in Economy, Featured, Latest News, Personal Finance/by Wolf RichterDebt doesn’t matter. Until it does. And now it does. The U.S. national debt spiked by $572 billion since the debt ceiling was suspended two weeks ago after the sarcastically named “Fiscal Responsibility Act of 2023” was signed into law, the Treasury Department reported Friday evening. The total government debt now exceeds $32.0 trillion […]
To Work or Not to Work, That is The Question
/in Culture War, Economy, Featured, Latest News, Politics/by Bruce BialoskyA large portion of the national debt limit bill negotiations involved reestablishing work requirements to receive payments from the various government handout programs. President Biden objected to what was in the House bill and a compromise was struck. Why are we discussing this now? There is definitely a difference of opinion even though a bipartisan […]
Some Unpleasant Federal Reserve Arithmetic
/in Economy, Featured, Latest News, Personal Finance/by Paul MuellerEditors’ Note:Â The accounting mechanics are complicated. The bottom line, however, is the FED is pursuing a contradictory policy. If the FED has any function, it was supposed to back up the banking system in the event of a liquidity crisis and maintain a stable currency. Yet, banking failure has been quite prevalent in recent […]
American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity
/in Economy, Featured, Latest News, National Security, Politics/by Alexander William SalterThe American economy is far weaker than it should be. Unemployment is low, but this overstates our economic strength given troubling long-term trends in labor force participation. Inflation is still more than twice as high as the Federal Reserve’s target. Real output growth is anemic. We have lots of workers, plenty of capital, and abundant […]
Here Come The Bulls
/in Economy, Featured, Latest News, Personal Finance/by Neland NobelYears ago, a colleague in money management displayed a book in his office that he authored called “Everything I Know About the Stock Market.” As I recall, it was a hefty book, attractively bound with a feel of quality. However, after opening up the tome, every page was blank. For financial types, this was quite […]
Best of Twitter: Carbon Dioxide and the Climate Hoax
/in Culture War, Economy, Environment, Featured, Latest News, Liberty, Politics/by The EditorsEditors’ Note: Dr. Patrick Moore, one of the original environmentalists and a founder of Greenpeace, talks about the theory of global warming and the role of science. We wonder if this “existential crisis” was brought to you by the same people that claimed WMD in Iraq, Russian collusion, that Covid vaccines work, and that men […]
The End of Easy Money: Bankruptcy Filings Pile Up at Fastest Rate since 2010
/in Economy, Featured, Latest News, Personal Finance/by Wolf RichterA cleansing process, long overdue, to whittle down the corporate debt overhang and clear out deadwood, at the expense of investors. It’s turning into a banner year for corporate bankruptcy filings, after years of Easy Money that caused all kinds of excesses, fueled by yield-chasing investors, in an environment where the Fed had repressed […]
New CDC Director Is Another Lockdowner
/in Economy, Education, Featured, Healthcare, Latest News, Liberty, Politics/by Jeffrey TuckerIn the old Soviet Union, citizens were not required to be a member of the Communist Party. But if you were not, you could never expect to rise far professionally or socially. You would never be the head of a department in the university, a factory manager, much less the General Secretary. They were always […]
Title 42 Was Never Going To Fix Illegal Immigration
/in Arizona News, Economy, Featured, Latest News, National Security, Politics/by John Daniel DavidsonOnly an actual border can stop illegal immigration — preferably a border with a really high wall. Whatever your view of immigration, there can be no doubt that the Biden administration’s border policies have been an abject failure. This is especially true of Title 42, the pandemic-era public health order that for the last three […]
A Debt Ceiling Saga: Americans Devour Their Marshmallows
/in Culture War, Economy, Featured, Latest News, Politics/by Craig J. CantoniThe debt ceiling agreement brings to mind the famous Stanford marshmallow experiment in deferred gratification. In 1972, an experiment in deferred gratification was conducted at Stanford Univ. Children were given the choice of eating one marshmallow immediately or waiting a period of time for two marshmallows. When the test subjects were followed later in […]