We all know about new highs in the Dow Jones Industrials, the NASDAQ, and the S&P 500. The market has been driven higher by a mere handful of very large tech companies. Some of the indices are already up 8% or so, just in the first two months of the year. The equally weighted S&P […]
https://pricklypear.news/wp-content/uploads/chinagold-scaled.jpg17072560Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2024-03-11 00:30:172024-03-10 06:26:20What If A Market Roared And Nobody Heard It?
Writing in The American Conservative, Rep. Josh Brecheen (R-OK) recently blamed inflation on irresponsible fiscal policy. He cites a barrage of statistics on the magnitude of the national debt, the looming insolvency of Social Security and Medicare, and the burdens high prices create for American households. Rep. Brecheen is partly right: perpetual deficits are bad for the economy, […]
https://pricklypear.news/wp-content/uploads/dolloars-being-printed.jpg339509Alexander William Salterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngAlexander William Salter2024-03-09 00:28:082024-03-07 06:09:56Congress Overspends, but the Fed Inflates
Editors’ Note: Without discussing the wisdom of Ukraine’s military aid, the author is correct in taking on the persistent myth that defense spending is always good for the economy. Instead, it diverts resources that would have been spent by consumers and businesses and directs resources into things that are either blown up or that blow […]
https://pricklypear.news/wp-content/uploads/iStock-506891633-1.jpg12282442David Brady,Jr.https://pricklypear.news/wp-content/uploads/logo_2023.pngDavid Brady,Jr.2024-03-07 00:28:452024-03-07 09:03:17The Myth of National Defense Spending
Core services inflation dished up bad head fakes last time we had this mess in 1966-1982. Mention of a rate hike crops up in a Fed speech. Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation […]
https://pricklypear.news/wp-content/uploads/iStock-1391025961-scaled.jpg17072560Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2024-03-06 00:26:372024-03-01 17:02:29Worst Monthly Spike of “Core Services” PCE Inflation in 22 Years, and Not Just Housing: Powell’s Gonna Have Another Cow
These double-tops are weird. Prices coming off the second top. Only Miami home prices hit a new high. The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers declined by 0.6% from the prior month, the second month in a row of declines. The index formed a double-top […]
https://pricklypear.news/wp-content/uploads/iStock-1398758283.jpg14142121Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2024-03-05 00:28:002024-03-05 12:10:36The Most Splendid Housing Bubbles in America, Feb 2024 Update: 20-City Index Drops for 2nd Month from Double-Top.
Christianity Today magazine, founded by Billy Graham, chose Christopher Watkin’s book, Biblical Critical Theory: How the Bible’s Unfolding Story Makes Sense of Modern Life and Culture, as one of its 2024 Book Awards and the book most likely “to shape evangelical life, thought, and culture.” Other Christian organizations promote the book too. Nonreligious readers won’t care, but they need […]
https://pricklypear.news/wp-content/uploads/bible.jpg427640Roger McKinneyhttps://pricklypear.news/wp-content/uploads/logo_2023.pngRoger McKinney2024-03-03 00:26:502024-03-01 09:09:55Biblical Critical Theory Is Not Biblical. It’s Watered-Down Marxism
The elephant in the room that no one wants to discuss is that crude oil is the foundation of our materialistic society as it is the basis of all products and fuels demanded by the 8 billion on this planet. World leaders are not cognizant enough to know that wind turbines and solar panels only generate occasional electricity […]
https://pricklypear.news/wp-content/uploads/oil-wells.jpg340504Ronald Steinhttps://pricklypear.news/wp-content/uploads/logo_2023.pngRonald Stein2024-03-01 00:28:282024-02-28 08:18:22Are Policymakers Oblivious to the Importance of Crude Oil, or Are They Intentionally Sending Us Back to the 18th Century?
Editors Note: If you travel much by car, you likely have noticed that gasoline is often cheaper in rural communities, in New Mexico, and Colorado. That is because “special blends” are required for urban areas in Arizona. This is strange because Denver is a large metropolitan area situated in a bowl surrounded by mountains, and […]
Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around. The average conforming 30-year fixed mortgage rate rose to 7.0% in the latest week, according to the Mortgage Bankers Association today. The daily measure by Mortgage News Daily has been over 7% for days. These […]
https://pricklypear.news/wp-content/uploads/iStock-1400765650.jpg14222107Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2024-02-26 00:30:242024-02-24 05:46:16Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High
Editors’ Note: Either by accident or design (your choice), the environmental movement and its subsidiary the ESG movement, always seems to tilt the scales towards benefiting China and hurting the US. Whether making us dependent on Chinese-dominated solar panels and windmills, weakening our electrical grid, willfully overlooking the massive use of coal in China, or […]
https://pricklypear.news/wp-content/uploads/iStock-1427006172.jpg12992309Chuck Devorehttps://pricklypear.news/wp-content/uploads/logo_2023.pngChuck Devore2024-02-24 00:26:322024-02-23 06:22:43Bogus ‘ESG’ Group Rates China’s Slave-Fueled Energy Firms Better Than U.S. Oil And Gas Companies
What If A Market Roared And Nobody Heard It?
/in Economy, Featured, Latest News, Personal Finance/by Neland NobelWe all know about new highs in the Dow Jones Industrials, the NASDAQ, and the S&P 500. The market has been driven higher by a mere handful of very large tech companies. Some of the indices are already up 8% or so, just in the first two months of the year. The equally weighted S&P […]
Congress Overspends, but the Fed Inflates
/in Economy, Featured, Latest News, National Debt, Personal Finance, Politics/by Alexander William SalterWriting in The American Conservative, Rep. Josh Brecheen (R-OK) recently blamed inflation on irresponsible fiscal policy. He cites a barrage of statistics on the magnitude of the national debt, the looming insolvency of Social Security and Medicare, and the burdens high prices create for American households. Rep. Brecheen is partly right: perpetual deficits are bad for the economy, […]
The Myth of National Defense Spending
/in Economy, Featured, Foreign Policy, Latest News, Liberty, National Debt, National Security, Politics/by David Brady,Jr.Editors’ Note: Without discussing the wisdom of Ukraine’s military aid, the author is correct in taking on the persistent myth that defense spending is always good for the economy. Instead, it diverts resources that would have been spent by consumers and businesses and directs resources into things that are either blown up or that blow […]
Worst Monthly Spike of “Core Services” PCE Inflation in 22 Years, and Not Just Housing: Powell’s Gonna Have Another Cow
/in Economy, Featured, Latest News, Personal Finance, Politics/by Wolf RichterCore services inflation dished up bad head fakes last time we had this mess in 1966-1982. Mention of a rate hike crops up in a Fed speech. Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation […]
The Most Splendid Housing Bubbles in America, Feb 2024 Update: 20-City Index Drops for 2nd Month from Double-Top.
/in Arizona News, Economy, Featured, Latest News, Maricopa, Personal Finance/by Wolf RichterThese double-tops are weird. Prices coming off the second top. Only Miami home prices hit a new high. The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers declined by 0.6% from the prior month, the second month in a row of declines. The index formed a double-top […]
Biblical Critical Theory Is Not Biblical. It’s Watered-Down Marxism
/in Culture War, Economy, Featured, Latest News, Liberty, Politics/by Roger McKinneyChristianity Today magazine, founded by Billy Graham, chose Christopher Watkin’s book, Biblical Critical Theory: How the Bible’s Unfolding Story Makes Sense of Modern Life and Culture, as one of its 2024 Book Awards and the book most likely “to shape evangelical life, thought, and culture.” Other Christian organizations promote the book too. Nonreligious readers won’t care, but they need […]
Are Policymakers Oblivious to the Importance of Crude Oil, or Are They Intentionally Sending Us Back to the 18th Century?
/in Culture War, Economy, Environment, Featured, Latest News, Liberty, Politics/by Ronald SteinThe elephant in the room that no one wants to discuss is that crude oil is the foundation of our materialistic society as it is the basis of all products and fuels demanded by the 8 billion on this planet. World leaders are not cognizant enough to know that wind turbines and solar panels only generate occasional electricity […]
Bill Allowing Cheaper Blends Of Gasoline Passes Arizona Senate
/in Arizona News, Economy, Environment, Featured, Latest News, Maricopa, Politics/by Cameron ArcandEditors Note: If you travel much by car, you likely have noticed that gasoline is often cheaper in rural communities, in New Mexico, and Colorado. That is because “special blends” are required for urban areas in Arizona. This is strange because Denver is a large metropolitan area situated in a bowl surrounded by mountains, and […]
Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High
/in Economy, Featured, Latest News, Personal Finance/by Wolf RichterInflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around. The average conforming 30-year fixed mortgage rate rose to 7.0% in the latest week, according to the Mortgage Bankers Association today. The daily measure by Mortgage News Daily has been over 7% for days. These […]
Bogus ‘ESG’ Group Rates China’s Slave-Fueled Energy Firms Better Than U.S. Oil And Gas Companies
/in Culture War, Economy, Environment, Featured, Foreign Policy, Latest News, National Security, Politics/by Chuck DevoreEditors’ Note: Either by accident or design (your choice), the environmental movement and its subsidiary the ESG movement, always seems to tilt the scales towards benefiting China and hurting the US. Whether making us dependent on Chinese-dominated solar panels and windmills, weakening our electrical grid, willfully overlooking the massive use of coal in China, or […]