Authored by Doug French via The Mises Institute, The character Mike Campbell in Ernest Hemingway’s 1926 novel The Sun Also Rises was asked about his money troubles and responded with a vivid description embracing self-contradiction: […]
Late last week, we were the first to correctly summarize what the bottom line of the so-called “debt ceiling deal” meant for the US, for future generations of Americans, and for the ridiculous melodrama gripping […]
Over 2,000 stores across all retail sectors have closed in the past 12 months according to a recent report from UBS retail analyst Michael Lasser (available to pro subs in the usual place), and that […]
The debt-ceiling deal between President Joe Biden and House Speaker Kevin McCarthy would suspend the United States’ debt limit through 2025 to avoid a federal default while limiting government spending, but its details are unlikely […]
International Man: In practically every country, the allowable limit for cash withdrawals and transactions continues to be lowered. Further, rampant currency debasement is lowering the real value of these ridiculous limits. Why are governments so intent […]
President Joe Biden and House Republicans reached a tentative agreement Saturday night to raise the government’s debt limit. The debt-ceiling deal would head off a looming default on U.S. sovereign debt, good news for the […]
May 24, 2023 Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. LNG=liquefied […]
Luxury-home builder Toll Brothers (TOL) reported better-than expected second-quarter profits and revenue late Tuesday, buoyed by increased home deliveries and surging unit prices compared to 2022. Toll Brothers stock jumped late Tuesday after falling lower […]
The Philly Fed’s Services index was in contractionary territory for the 9th month of the last 10 in May (-16.0), but very slightly higher from April’s two-year lows. Source: Bloomberg More problematically, the survey […]
After several years during the pandemic in which bonuses exploded higher, reality is once again bearing down on the Wall Street gravy train, as regulators target banker paydays in the wake of Silicon Valley Bank’s […]
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