Or why auto insurance has gotten so ridiculously expensive — after used vehicles have gotten so ridiculously expensive. I’m going to lay out some crazy shocking numbers relating to used car prices, cost of repairs, insurance, and rental cars. This isn’t data, but it’s one incident that illustrates what we’ve discussed here for the past […]
https://pricklypear.news/wp-content/uploads/crashed-car-2727666_1280.jpg8531280Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-10-17 00:28:022023-10-15 10:05:13Our Experience with the Collapse of the Dollar’s Purchasing Power for Used Cars, Auto Insurance, Repair Costs, Rental Cars
Those of us who grew up in the 1950s and 1960s watching television cartoons may remember a famous character from Looney Tunes: Wile E. Coyote, a cartoon character who was forever bested by The Road Runner. On occasion, Wile E. Coyote would be hanging suspended in midair over a chasm. Everything seemed fine for a […]
https://pricklypear.news/wp-content/uploads/Wile_E._Coyote_at_MIT_with_Acme_Instant_Tunnel_box.jpg1200800Mark Wallacehttps://pricklypear.news/wp-content/uploads/logo_2023.pngMark Wallace2023-10-09 00:26:122023-10-08 08:07:25Welcome To The Wile E. Coyote Markets
Unless one is familiar with portfolio theory, you may not be aware that for many discussions, and for many strategies, US Treasury Bonds are considered “risk-free”. Therefore their “risk-free” return is used as a lodestar to assist in comparing investment strategies. For example, in many decisions, investors must look at the trade-offs (what is the […]
https://pricklypear.news/wp-content/uploads/iStock-1217010787.jpg14142121Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2023-10-05 00:30:302023-10-05 08:39:52The Assumption is US Government Bonds Are “Risk Free”
September Update: Spring Bounce Fades. 20-City Index -0.6% from Peak in 2022, Flat Year-over-Year. San Francisco -11% from the peak, Seattle -10%, followed by Las Vegas, Phoenix, Portland, Denver, Dallas, San Diego, Los Angeles, and Tampa. The S&P CoreLogic Case-Shiller Home Price Index, released today, for the 20 metros it covers ticked up 0.6% in […]
https://pricklypear.news/wp-content/uploads/iStock-1066106810-scaled.jpg17072560Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-10-04 00:28:182023-10-04 08:35:29The Most Splendid Housing Bubbles in America
There is a battle brewing in Washington over our annual national budget which is supposed to be in place for the new fiscal year, beginning October 1st. The entire discussion is about whether the House Republicans will have the budget’s twelve elements ready by the deadline. The alternative is to once again invoke those favorite […]
https://pricklypear.news/wp-content/uploads/meony-flying-scaled.jpg18032560Bruce Bialoskyhttps://pricklypear.news/wp-content/uploads/logo_2023.pngBruce Bialosky2023-10-02 00:28:092023-10-01 08:18:42It Is Time for Hysteria
The notion of introducing a per-mile taxation system, as modeled by Oklahoma’s Fair Miles pilot project[1], has been touted as an alternative to traditional fuel taxes to generate revenue for road maintenance and infrastructure projects. While the aim to diversify and stabilize the revenue base is understandable, it is vital to examine the implications this […]
https://pricklypear.news/wp-content/uploads/rout66.jpg427640Michael Infanzonhttps://pricklypear.news/wp-content/uploads/logo_2023.pngMichael Infanzon2023-10-02 00:26:262023-10-01 08:14:26Policy Analysis: Opposition to Per-Mile Taxation Systems Considering the Implications for Motorcyclists in Arizona
It has become a running joke: the “strong” Bidenomics economy comes with an expiration date, as it is only “strong” for about a month, at which point the initial “strength” is downgraded, and the data is revised sharply lower. That has certainly been the case with US labor data, as we first reported last month, every […]
https://pricklypear.news/wp-content/uploads/iStock-595098606-scaled.jpg17922560Tyler Durdenhttps://pricklypear.news/wp-content/uploads/logo_2023.pngTyler Durden2023-10-01 00:28:492023-09-30 12:17:16You Will Never Guess What Happened to the “Strong US Consumer” After Today’s Huge GDP Revisions
Readers might recall on August 3, and subsequent to that, we suggested that the stock market had gotten “overbought” and was vulnerable to the weakness that typically is found (called seasonality) in the late summer. Whether we are just lucky or smart, the market has cooperated by declining about 7% since our word of caution, […]
https://pricklypear.news/wp-content/uploads/stock-market-2616931_1280.jpg8531280Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2023-09-28 00:30:142023-09-27 18:22:57Stocks Suffer For The Last Two Months And More Likely Ahead
Americans are justifiably unhappy with the state of the economy. The inflation figures for August took a turn for the worse—meaning, families have now lost $5,100 in purchasing power since President Joe Biden entered the White House. In addition to the burden of inflation, rising interest rates are making home mortgages unaffordable, pushing the American dream out of reach for […]
Month-to-month CPI spikes, core CPI and core services CPI accelerate, despite ongoing massive health insurance adjustments. The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a red-hot 7.8%. This jump comes despite the still ongoing ridiculous monthly adjustment to the health […]
https://pricklypear.news/wp-content/uploads/iStock-1409735832-scaled.jpg17072560Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-09-19 00:30:462023-09-19 07:54:51The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated
Our Experience with the Collapse of the Dollar’s Purchasing Power for Used Cars, Auto Insurance, Repair Costs, Rental Cars
/in Economy, Featured, Latest News, Personal Finance/by Wolf RichterOr why auto insurance has gotten so ridiculously expensive — after used vehicles have gotten so ridiculously expensive. I’m going to lay out some crazy shocking numbers relating to used car prices, cost of repairs, insurance, and rental cars. This isn’t data, but it’s one incident that illustrates what we’ve discussed here for the past […]
Welcome To The Wile E. Coyote Markets
/in Economy, Featured, Latest News, Personal Finance/by Mark WallaceThose of us who grew up in the 1950s and 1960s watching television cartoons may remember a famous character from Looney Tunes: Wile E. Coyote, a cartoon character who was forever bested by The Road Runner. On occasion, Wile E. Coyote would be hanging suspended in midair over a chasm. Everything seemed fine for a […]
The Assumption is US Government Bonds Are “Risk Free”
/in Economy, Featured, Latest News, Liberty, National Security, Personal Finance, Politics/by Neland NobelUnless one is familiar with portfolio theory, you may not be aware that for many discussions, and for many strategies, US Treasury Bonds are considered “risk-free”. Therefore their “risk-free” return is used as a lodestar to assist in comparing investment strategies. For example, in many decisions, investors must look at the trade-offs (what is the […]
The Most Splendid Housing Bubbles in America
/in Economy, Featured, Latest News, Personal Finance/by Wolf RichterSeptember Update: Spring Bounce Fades. 20-City Index -0.6% from Peak in 2022, Flat Year-over-Year. San Francisco -11% from the peak, Seattle -10%, followed by Las Vegas, Phoenix, Portland, Denver, Dallas, San Diego, Los Angeles, and Tampa. The S&P CoreLogic Case-Shiller Home Price Index, released today, for the 20 metros it covers ticked up 0.6% in […]
It Is Time for Hysteria
/in Culture War, Economy, Featured, Latest News, National Security, Personal Finance, Politics/by Bruce BialoskyThere is a battle brewing in Washington over our annual national budget which is supposed to be in place for the new fiscal year, beginning October 1st. The entire discussion is about whether the House Republicans will have the budget’s twelve elements ready by the deadline. The alternative is to once again invoke those favorite […]
Policy Analysis: Opposition to Per-Mile Taxation Systems Considering the Implications for Motorcyclists in Arizona
/in Arizona News, Economy, Featured, Latest News, Liberty, Personal Finance, Politics/by Michael InfanzonThe notion of introducing a per-mile taxation system, as modeled by Oklahoma’s Fair Miles pilot project[1], has been touted as an alternative to traditional fuel taxes to generate revenue for road maintenance and infrastructure projects. While the aim to diversify and stabilize the revenue base is understandable, it is vital to examine the implications this […]
You Will Never Guess What Happened to the “Strong US Consumer” After Today’s Huge GDP Revisions
/in Economy, Featured, Latest News, Personal Finance, Politics/by Tyler DurdenIt has become a running joke: the “strong” Bidenomics economy comes with an expiration date, as it is only “strong” for about a month, at which point the initial “strength” is downgraded, and the data is revised sharply lower. That has certainly been the case with US labor data, as we first reported last month, every […]
Stocks Suffer For The Last Two Months And More Likely Ahead
/in Economy, Featured, Latest News, Personal Finance/by Neland NobelReaders might recall on August 3, and subsequent to that, we suggested that the stock market had gotten “overbought” and was vulnerable to the weakness that typically is found (called seasonality) in the late summer. Whether we are just lucky or smart, the market has cooperated by declining about 7% since our word of caution, […]
4 Ways Washington’s Spending Spree Caused Inflation With Trillions in Waste, Fraud
/in Economy, Featured, Latest News, Liberty, National Security, Personal Finance, Politics/by David DitchAmericans are justifiably unhappy with the state of the economy. The inflation figures for August took a turn for the worse—meaning, families have now lost $5,100 in purchasing power since President Joe Biden entered the White House. In addition to the burden of inflation, rising interest rates are making home mortgages unaffordable, pushing the American dream out of reach for […]
The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated
/in Economy, Featured, Healthcare, Latest News, Personal Finance/by Wolf RichterMonth-to-month CPI spikes, core CPI and core services CPI accelerate, despite ongoing massive health insurance adjustments. The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a red-hot 7.8%. This jump comes despite the still ongoing ridiculous monthly adjustment to the health […]