The Environmental, Social, and Governance movement has wrapped itself in the garb of justice. It is just as much a moral crusade as it is an economic, social, or political one, with the unfortunate effect that those who criticize ESG can easily be sidelined and dismissed as reactionary, selfish, or worse. Be that as it […]
It has been said, that if you could place all the economists in the world end to end, that would be a good idea. In that position, they might have been more useful than they were in 2023. While it has been a wild ride, in 2023, in the end, it has been a good […]
https://pricklypear.news/wp-content/uploads/iStock-1304628896.jpg14142121Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2024-01-02 00:30:312024-01-03 11:29:31A Tough Year For Economists, A Great Year For Investors
Arizona’s minimum wage was $13.85 in 2023, up from $12.80 per hour in 2022. On January 1, 2024, minimum wage in State 48 will be raised another 50 cents to $14.35 per hour. This increase will happen despite the fact that Arizona’s inflation rate in 2023 was lower than the national average. That’s because Arizona is […]
https://pricklypear.news/wp-content/uploads/iStock-672973502.jpg15321956Carson Carpenterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngCarson Carpenter2024-01-02 00:26:302024-01-01 06:57:59Arizona’s Minimum Wage Could Be $18 Per Hour Soon
Francis Collins was head of the National Institutes of Health – Anthony Fauci’s parent bureaucracy – during the wreckage caused by the Covid response. Ultimately, Dr. Collins bears a huge measure of the responsibility for the disaster, even if he played the role of the stooge. It was he who wrote Fauci with the demand […]
I have had the great privilege of knowing folks who worked in the Reagan White House. Their recollections of that speech-making process help to illustrate the completely revolutionary approach to public communication that President Javier Milei is using in Argentina. Milei is facing far worse economic problems than Reagan did as he enters office. The […]
https://pricklypear.news/wp-content/uploads/chef.jpg480640G. Patrick Lynchhttps://pricklypear.news/wp-content/uploads/logo_2023.pngG. Patrick Lynch2023-12-31 00:26:092023-12-30 07:15:47Can New Chef Melei Change Argentina’s Recipe?
Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros. Today’s S&P CoreLogic Case-Shiller Home Price Index for “October” is a three-month moving average of home prices whose sales were entered into public records in August, September, […]
https://pricklypear.news/wp-content/uploads/fallinghome.jpg339509Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-12-29 00:30:492023-12-28 06:07:08The Most Splendid Housing Bubbles in America, December 2023 Update
And start taking policy seriously In the aftermath of Oct. 7, the assault on American Jewish liberal reality has come from all sides: from universities, favored media outlets, Hollywood, and the political leaders for whom many American Jews had voted and donated large sums of money. The day following the attack, the Biden White House […]
https://pricklypear.news/wp-content/uploads/hamasupporters-scaled.jpg17072560Julia Hahnhttps://pricklypear.news/wp-content/uploads/logo_2023.pngJulia Hahn2023-12-21 00:30:382023-12-19 06:40:25American Jews Need to Stop Being Stupid About Politics
Last time we wrote on the markets we continued to advocate a cautiously bullish market stance. We have felt that the technical turn that the market had taken since October (a turn upward in the moving averages, breadth thrusts, and liquidity flows) coupled with the seasonal strength one typically sees this time of year, justified […]
https://pricklypear.news/wp-content/uploads/iStock-1340307981-modified-43b59304-634a-469c-8eb5-9820e1dde899.jpg14262536Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2023-12-20 00:30:172023-12-20 16:15:46Ladies and Gentleman: It Is Time For Caution
So far, vice chair Williams, Mester, Bostic twice already, and even Goolsbee who accused markets of wishful thinking. All heck re-broke loose in the markets last Wednesday after the Fed announced that it would keep its five interest rates steady, with the top at 5.5%, and with the “dot plot” in its Summary of Economic Projections […]
https://pricklypear.news/wp-content/uploads/iStock-1308151210-1.jpg8871183Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-12-20 00:28:152023-12-19 12:22:34Fed Members Fan Out to Douse Raging Rate-Cut Fires
We like to call this the “peculiar math of corrections” because at first, it does not make sense. Suppose you buy a stock and it falls by 50%. If the stock comes back 50%, you will break even, right? No, if an investment falls 50%, it must come back 100%. Could that happen? Well, yes […]
https://pricklypear.news/wp-content/uploads/iStock-1024555126.jpg13692190Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2023-12-12 00:30:532023-12-12 11:02:56The Peculiar Math of Market Corrections
A Short ESG Guide: Economic Problems
/in Culture War, Economy, Environment, Featured, Latest News, Liberty, Personal Finance/by Paul MuellerThe Environmental, Social, and Governance movement has wrapped itself in the garb of justice. It is just as much a moral crusade as it is an economic, social, or political one, with the unfortunate effect that those who criticize ESG can easily be sidelined and dismissed as reactionary, selfish, or worse. Be that as it […]
A Tough Year For Economists, A Great Year For Investors
/in Economy, Featured, Latest News, Personal Finance, Politics/by Neland NobelIt has been said, that if you could place all the economists in the world end to end, that would be a good idea. In that position, they might have been more useful than they were in 2023. While it has been a wild ride, in 2023, in the end, it has been a good […]
Arizona’s Minimum Wage Could Be $18 Per Hour Soon
/in Arizona News, Economy, Featured, Latest News, Personal Finance/by Carson CarpenterArizona’s minimum wage was $13.85 in 2023, up from $12.80 per hour in 2022. On January 1, 2024, minimum wage in State 48 will be raised another 50 cents to $14.35 per hour. This increase will happen despite the fact that Arizona’s inflation rate in 2023 was lower than the national average. That’s because Arizona is […]
Grand Inquisitor Says Oops [A Covid Story]
/in Culture War, Economy, Education, Featured, Healthcare, Latest News, Liberty, Personal Finance, Politics/by Jeffrey TuckerFrancis Collins was head of the National Institutes of Health – Anthony Fauci’s parent bureaucracy – during the wreckage caused by the Covid response. Ultimately, Dr. Collins bears a huge measure of the responsibility for the disaster, even if he played the role of the stooge. It was he who wrote Fauci with the demand […]
Can New Chef Melei Change Argentina’s Recipe?
/in Economy, Featured, Latest News, Liberty, Personal Finance, Politics/by G. Patrick LynchI have had the great privilege of knowing folks who worked in the Reagan White House. Their recollections of that speech-making process help to illustrate the completely revolutionary approach to public communication that President Javier Milei is using in Argentina. Milei is facing far worse economic problems than Reagan did as he enters office. The […]
The Most Splendid Housing Bubbles in America, December 2023 Update
/in Arizona News, Economy, Featured, Healthcare, Latest News, Personal Finance/by Wolf RichterDown from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros. Today’s S&P CoreLogic Case-Shiller Home Price Index for “October” is a three-month moving average of home prices whose sales were entered into public records in August, September, […]
American Jews Need to Stop Being Stupid About Politics
/in Culture War, Education, Featured, Latest News, Liberty, National Security, Personal Finance, Politics/by Julia HahnAnd start taking policy seriously In the aftermath of Oct. 7, the assault on American Jewish liberal reality has come from all sides: from universities, favored media outlets, Hollywood, and the political leaders for whom many American Jews had voted and donated large sums of money. The day following the attack, the Biden White House […]
Ladies and Gentleman: It Is Time For Caution
/in Economy, Featured, Latest News, Personal Finance/by Neland NobelLast time we wrote on the markets we continued to advocate a cautiously bullish market stance. We have felt that the technical turn that the market had taken since October (a turn upward in the moving averages, breadth thrusts, and liquidity flows) coupled with the seasonal strength one typically sees this time of year, justified […]
Fed Members Fan Out to Douse Raging Rate-Cut Fires
/in Economy, Featured, Latest News, Personal Finance/by Wolf RichterSo far, vice chair Williams, Mester, Bostic twice already, and even Goolsbee who accused markets of wishful thinking. All heck re-broke loose in the markets last Wednesday after the Fed announced that it would keep its five interest rates steady, with the top at 5.5%, and with the “dot plot” in its Summary of Economic Projections […]
The Peculiar Math of Market Corrections
/in Featured, Latest News, Liberty, Personal Finance/by Neland NobelWe like to call this the “peculiar math of corrections” because at first, it does not make sense. Suppose you buy a stock and it falls by 50%. If the stock comes back 50%, you will break even, right? No, if an investment falls 50%, it must come back 100%. Could that happen? Well, yes […]