The National Association of Realtors (NAR) settled a series of lawsuits that are being trumpeted as “a radical change” in commissions paid to real estate agents for the purchase and/or sale of a home. There is so much misinformation being spread on this issue it boggles the mind. Let’s clear up some things. First, the […]
The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation. U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March of 3.5% year-over-year. The combination of […]
https://pricklypear.news/wp-content/uploads/iStock-1492853553-scaled.jpg14882560Will Kesslerhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWill Kessler2024-05-07 00:30:542024-05-07 07:15:51Mounting Evidence Is Pointing To A Nightmare Scenario For The US Economy
A new report is sounding the alarm on Arizona’s housing market. The report from the Common Sense Institute, a conservative-leaning think tank, says that Arizona is losing its competitiveness that it once had. In addition, the report says that there is a “housing deficit of over 129,000 units” and found that the cost of a home in the Phoenix metropolitan area has gone up by 60% since 2020. “Arizona’s housing market is standing on a cliff,” Glenn Farley, director of policy and research at the Common Sense Institute, said in a news release on the report. “Without acknowledging our supply issues and making needed policy changes, we risk worsening housing affordability and losing our competitive edge in attracting a skilled workforce.”
The release of 1st quarter 2024 Gross Domestic Product (GDP) on April 25th surprised virtually all forecasters. The first three months of 2024 were characterized by a notable deceleration in US economic growth, marking an almost two-year low. The same data release revealed that inflation, as measured by US GDP Personal Consumption Core Price Index […]
https://pricklypear.news/wp-content/uploads/iStock-1409735832-scaled.jpg17072560Peter C. Earlehttps://pricklypear.news/wp-content/uploads/logo_2023.pngPeter C. Earle2024-05-01 00:30:072024-04-29 06:28:31US Economic Growth Plunges in First Quarter 2024
Joe Biden loves to give away money, especially if it’s not his own. He has spent trillions of dollars for political benefit that didn’t need otherwise to be spent. The recipients laud his compassion and generosity. Common Americans though are trapped in an inflationary spiral while our grandchildren face an unpayable bill. Thus, in a recent presentation about his second attempt to forgive student loan debt, he bragged about the hundreds of billions it would cost. He twice mentioned the fact that many blacks would receive benefits. He became so consumed in self-congratulation, he apparently lost awareness of how blatant was his political pandering. We know black voters are a key demographic in play in the upcoming election.
https://pricklypear.news/wp-content/uploads/iStock-1467591826.jpg14152120Thomas C. Pattersonhttps://pricklypear.news/wp-content/uploads/logo_2023.pngThomas C. Patterson2024-04-30 00:30:232024-04-30 07:59:36Mounting Debt Accumulation Won’t Go On Forever
We have suggested since late December that equities would start having some difficulty as we were seeing disturbing signs in the credit markets, commercial real estate, and housing markets. The stock market, however, did not seem as worried as we were and went on to have a stellar quarter. Corporate earnings remain decent and liquidity […]
Housing inflation refuses to cool for the eighth month, and five of the remaining seven core services accelerated further. This is not good. The core PCE price index, which excludes the volatile components of food and energy and is the inflation index the Fed is focused on, jumped by 3.9% annualized in March from February, […]
If the economy is so good, why do small business leaders feel so bad? The latest Small Business Optimism Index from the National Federation of Independent Business could hardly be more depressing. The survey finds that the men and women who run our 33 million small businesses and hire more than half of American workers are in […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Stephen Moorehttps://pricklypear.news/wp-content/uploads/logo_2023.pngStephen Moore2024-04-26 00:28:142024-04-26 09:52:53Why Small Businesses Hate Bidenomics
The Federal Reserve is an unelected board of bureaucratic experts that holds great sway over the US economy, the world economy, and the standard of living of the people of the United States. Because of the arcane nature of its work, its responsibilities are not something we would want under the sway of political operatives. […]
A recent Wall Street Journal column on the scam of the federal student-loan program brought to mind the financial, governance, and ethical mess at the University of Arizona (UA). The Arizona Daily Star’s coverage of the UA mess has been commendable, thanks to reporter Ellie Wolfe. A Pulitzer Prize awaits her if she ties UA’s […]
https://pricklypear.news/wp-content/uploads/university-of-arizona-739561__340-1.jpg340477Craig J. Cantonihttps://pricklypear.news/wp-content/uploads/logo_2023.pngCraig J. Cantoni2024-04-24 00:26:472024-04-23 06:47:31A Pulitzer Awaits the Arizona Daily Star
Is a Residential Real Estate Revolution Coming?
/in Economy, Featured, Latest News, Personal Finance/by Bruce BialoskyThe National Association of Realtors (NAR) settled a series of lawsuits that are being trumpeted as “a radical change” in commissions paid to real estate agents for the purchase and/or sale of a home. There is so much misinformation being spread on this issue it boggles the mind. Let’s clear up some things. First, the […]
Mounting Evidence Is Pointing To A Nightmare Scenario For The US Economy
/in 2024 Election, Economy, Featured, Latest News, National Debt, Personal Finance/by Will KesslerThe U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation. U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March of 3.5% year-over-year. The combination of […]
Arizona’s Housing Market Is In Rough Shape
/in Arizona News, Economy, Featured, Latest News, Personal Finance, Politics/by Cameron ArcandA new report is sounding the alarm on Arizona’s housing market. The report from the Common Sense Institute, a conservative-leaning think tank, says that Arizona is losing its competitiveness that it once had. In addition, the report says that there is a “housing deficit of over 129,000 units” and found that the cost of a home in the Phoenix metropolitan area has gone up by 60% since 2020. “Arizona’s housing market is standing on a cliff,” Glenn Farley, director of policy and research at the Common Sense Institute, said in a news release on the report. “Without acknowledging our supply issues and making needed policy changes, we risk worsening housing affordability and losing our competitive edge in attracting a skilled workforce.”
US Economic Growth Plunges in First Quarter 2024
/in Economy, Featured, Latest News, Liberty, National Debt, Personal Finance/by Peter C. EarleThe release of 1st quarter 2024 Gross Domestic Product (GDP) on April 25th surprised virtually all forecasters. The first three months of 2024 were characterized by a notable deceleration in US economic growth, marking an almost two-year low. The same data release revealed that inflation, as measured by US GDP Personal Consumption Core Price Index […]
Mounting Debt Accumulation Won’t Go On Forever
/in 2024 Election, Economy, Featured, Healthcare, Latest News, National Debt, Personal Finance, Politics/by Thomas C. PattersonJoe Biden loves to give away money, especially if it’s not his own. He has spent trillions of dollars for political benefit that didn’t need otherwise to be spent. The recipients laud his compassion and generosity. Common Americans though are trapped in an inflationary spiral while our grandchildren face an unpayable bill. Thus, in a recent presentation about his second attempt to forgive student loan debt, he bragged about the hundreds of billions it would cost. He twice mentioned the fact that many blacks would receive benefits. He became so consumed in self-congratulation, he apparently lost awareness of how blatant was his political pandering. We know black voters are a key demographic in play in the upcoming election.
Mild Correction In Stocks Amidst Growing Background Problems In Bidenonmics
/in /by Neland NobelWe have suggested since late December that equities would start having some difficulty as we were seeing disturbing signs in the credit markets, commercial real estate, and housing markets. The stock market, however, did not seem as worried as we were and went on to have a stellar quarter. Corporate earnings remain decent and liquidity […]
Fed’s Wait-and-See on Rate Cuts Further Supported by Extra-Hot “Core Services” PCE Inflation & Hot “Core” PCE Inflation
/in /by Wolf RichterHousing inflation refuses to cool for the eighth month, and five of the remaining seven core services accelerated further. This is not good. The core PCE price index, which excludes the volatile components of food and energy and is the inflation index the Fed is focused on, jumped by 3.9% annualized in March from February, […]
Why Small Businesses Hate Bidenomics
/in /by Stephen MooreIf the economy is so good, why do small business leaders feel so bad? The latest Small Business Optimism Index from the National Federation of Independent Business could hardly be more depressing. The survey finds that the men and women who run our 33 million small businesses and hire more than half of American workers are in […]
The FED’s Dilemmas
/in /by Neland NobelThe Federal Reserve is an unelected board of bureaucratic experts that holds great sway over the US economy, the world economy, and the standard of living of the people of the United States. Because of the arcane nature of its work, its responsibilities are not something we would want under the sway of political operatives. […]
A Pulitzer Awaits the Arizona Daily Star
/in Arizona News, Economy, Education, Featured, Latest News, Personal Finance, Politics/by Craig J. CantoniA recent Wall Street Journal column on the scam of the federal student-loan program brought to mind the financial, governance, and ethical mess at the University of Arizona (UA). The Arizona Daily Star’s coverage of the UA mess has been commendable, thanks to reporter Ellie Wolfe. A Pulitzer Prize awaits her if she ties UA’s […]