Most politicians and activists have strong views on every political issue. Those views grow from their fundamental political philosophies and beliefs. The best politicians know how to balance their political ideals with a keen watch on how they affect the lives of everyday Americans — those who voted them into office. Go too far with […]
https://pricklypear.news/wp-content/uploads/GettyImages-1236275731-scaled-e1657828156954.jpg5491280Neil Patelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeil Patel2022-07-18 01:55:172022-07-16 16:35:05The Left Is About To Pay For Their Energy Insanity
Crowds of Chinese bank customers demonstrated outside a bank on Sunday over bank accounts that were frozen for months in the Chinese city of Zhengzhou, according to the Associated Press. Several hundred protesters shouting slogans gathered in the early morning at the entrance to a branch of the People’s Bank of China (PBOC) in Zhengzhou, […]
https://pricklypear.news/wp-content/uploads/chinesebankrun.png5491280Jack Mcevoyhttps://pricklypear.news/wp-content/uploads/logo_2023.pngJack Mcevoy2022-07-17 01:55:022022-07-14 09:47:45Protests Rage As Chinese Banks Won’t Let People Withdraw Their Funds
That’s what’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected. Crypto lender and broker Voyager Digital, which also took deposits and offered yield products with huge interest rates of up to 12%, said in a series of tweets today that it is, “actively pursuing […]
One week after the U.S. Supreme Court ruled that the Environmental Protection Agency could not regulate carbon dioxide emissions from power plants because the agency lacks congressional authorization to do so, the Biden Department of Transportation (DOT) proposed a rule targeting CO2 emissions from highway vehicles, for which DOT also has no legal authority. DOT’s […]
https://pricklypear.news/wp-content/uploads/California-highway-traffic-800x450-1.jpg450800Bonner Cohenhttps://pricklypear.news/wp-content/uploads/logo_2023.pngBonner Cohen2022-07-14 02:05:332022-07-12 13:31:54Biden’s Transportation Department Targets CO2 Emissions of Cars on Highways to Push EVs
What “stakeholder capitalism” really means for the world. Stakeholder capitalism has taken the global economy by storm in recent years. Its champions proclaim that it will save—and remake—the world. Will it live up to its hype or will it destroy capitalism in the name of reforming it? Proponents pitch stakeholder capitalism as an antidote […]
EPA is stuck. What they will now do is anybody’s guess. Enjoy their dilemma! There are lots of happy reports on the Supreme Court’s ruling throwing out EPA’s so-called Clean Power Plan. Some go so far as to suggest that EPA is barred from regulating power plant CO2 emissions. It is not quite that […]
https://pricklypear.news/wp-content/uploads/epa.jpg339509David Wojickhttps://pricklypear.news/wp-content/uploads/logo_2023.pngDavid Wojick2022-07-13 01:55:022022-07-11 09:30:09EPA Now Stuck Between A Rock and A Hard Place on CO2
We have experienced and witnessed a string of catastrophic government blunders in the past several years. A partial listing of these blunders by our elected leaders includes: The disastrous withdrawal from Afghanistan, intervention in Ukraine with no strategy to win, the introduction of wokeness into the military creating a recruitment crisis, and failure to stand […]
QE creates money. QT does the opposite: it destroys money. Total assets on the Fed’s weekly balance sheet as of July 6, released this afternoon, fell by $22 billion from the prior week, and by $74 billion from the peak in April, to $8.89 trillion, the lowest since February 9, as the Fed’s quantitative tightening (QT) […]
https://pricklypear.news/wp-content/uploads/fedtaper.jpg339509Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2022-07-11 01:58:452022-12-15 09:05:43Fed’s QT Kicks Off: Total Assets Drop by $74 Billion from Peak, New Era Begins
In the world of investing, there is a well-known concept referred to as the Rule of 72. It states that because of compound interest, 72 divided by your rate of return will always yield the number of years necessary to double your initial investment. The simplest math to do it with would be that it […]
https://pricklypear.news/wp-content/uploads/dollar-2387088__340.webp340510Connor Mortellhttps://pricklypear.news/wp-content/uploads/logo_2023.pngConnor Mortell2022-07-08 02:00:572022-07-06 06:27:30Inflation And The Rule of 72
Poorer markets can still clear. So why won’t they? All sorts of shortages are now popping up in our economy. At the head of the list is undoubtedly infant formula, but there are literally dozens of other items in short supply. There are so many of them that I feel constrained to mention them […]
The Left Is About To Pay For Their Energy Insanity
/in Culture War, Economy, Environment, Featured, Liberty, Politics/by Neil PatelMost politicians and activists have strong views on every political issue. Those views grow from their fundamental political philosophies and beliefs. The best politicians know how to balance their political ideals with a keen watch on how they affect the lives of everyday Americans — those who voted them into office. Go too far with […]
Protests Rage As Chinese Banks Won’t Let People Withdraw Their Funds
/in Economy, Featured, National Security, Politics/by Jack McevoyCrowds of Chinese bank customers demonstrated outside a bank on Sunday over bank accounts that were frozen for months in the Chinese city of Zhengzhou, according to the Associated Press. Several hundred protesters shouting slogans gathered in the early morning at the entrance to a branch of the People’s Bank of China (PBOC) in Zhengzhou, […]
Leverage & Interconnectedness Are Blowing Up Crypto & DeFi
/in Culture War, Economy, Featured, Personal Finance/by Wolf RichterThat’s what’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected. Crypto lender and broker Voyager Digital, which also took deposits and offered yield products with huge interest rates of up to 12%, said in a series of tweets today that it is, “actively pursuing […]
Biden’s Transportation Department Targets CO2 Emissions of Cars on Highways to Push EVs
/in Culture War, Economy, Environment, Featured, Liberty, Politics/by Bonner CohenOne week after the U.S. Supreme Court ruled that the Environmental Protection Agency could not regulate carbon dioxide emissions from power plants because the agency lacks congressional authorization to do so, the Biden Department of Transportation (DOT) proposed a rule targeting CO2 emissions from highway vehicles, for which DOT also has no legal authority. DOT’s […]
Will ESG Reform Capitalism—or Destroy It?
/in Culture War, Economy, Environment, Liberty, Politics/by Dan SanchezWhat “stakeholder capitalism” really means for the world. Stakeholder capitalism has taken the global economy by storm in recent years. Its champions proclaim that it will save—and remake—the world. Will it live up to its hype or will it destroy capitalism in the name of reforming it? Proponents pitch stakeholder capitalism as an antidote […]
EPA Now Stuck Between A Rock and A Hard Place on CO2
/in Economy, Environment, Featured, Liberty, Politics/by David WojickEPA is stuck. What they will now do is anybody’s guess. Enjoy their dilemma! There are lots of happy reports on the Supreme Court’s ruling throwing out EPA’s so-called Clean Power Plan. Some go so far as to suggest that EPA is barred from regulating power plant CO2 emissions. It is not quite that […]
Another Government Blunder
/in Culture War, Economy, Featured, Healthcare, Liberty, Politics/by Neland NobelWe have experienced and witnessed a string of catastrophic government blunders in the past several years. A partial listing of these blunders by our elected leaders includes: The disastrous withdrawal from Afghanistan, intervention in Ukraine with no strategy to win, the introduction of wokeness into the military creating a recruitment crisis, and failure to stand […]
Fed’s QT Kicks Off: Total Assets Drop by $74 Billion from Peak, New Era Begins
/in Economy, Featured, Personal Finance, Politics/by Wolf RichterQE creates money. QT does the opposite: it destroys money. Total assets on the Fed’s weekly balance sheet as of July 6, released this afternoon, fell by $22 billion from the prior week, and by $74 billion from the peak in April, to $8.89 trillion, the lowest since February 9, as the Fed’s quantitative tightening (QT) […]
Inflation And The Rule of 72
/in Culture War, Economy, Politics/by Connor MortellIn the world of investing, there is a well-known concept referred to as the Rule of 72. It states that because of compound interest, 72 divided by your rate of return will always yield the number of years necessary to double your initial investment. The simplest math to do it with would be that it […]
These Widespread Shortages Can’t Be Explained by Supply Constraints Alone
/in Culture War, Economy, Featured, Politics/by Walter BlockPoorer markets can still clear. So why won’t they? All sorts of shortages are now popping up in our economy. At the head of the list is undoubtedly infant formula, but there are literally dozens of other items in short supply. There are so many of them that I feel constrained to mention them […]