Americans’ purchasing power in the real estate market has been cut in half in less than three years as home prices and mortgage rates rise, pricing average Americans out of the market, according to NBC News. Housing affordability has been cut in half in less than three years since August 2023, when a median-income household […]
https://thepricklypear.org/wp-content/uploads/housing-inflation-scaled.jpg17092560Will Kesslerhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWill Kessler2023-10-25 00:28:412023-10-24 07:40:04Housing Market Half As Affordable Than Just Three Years Ago
U.S. Customs and Border Patrol (CBD) released statistics on Saturday showing that September recorded the most monthly border encounters ever, ending fiscal year 2023, which likewise reported the most yearly encounters on record. The number of encounters along the southern border in September totaled 269,735, far greater than the 232,963 and 183,479 encounters that were […]
https://thepricklypear.org/wp-content/uploads/border-1781182_1280.jpg9051280Will Kesslerhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWill Kessler2023-10-24 00:26:342023-10-23 06:55:59Southern Border Sees More Migrant Encounters In September Than Ever Before
NAR, the Realtor lobbying group, demands its easy-money heroin back that the Fed has confiscated. The national median price of previously owned houses, condos, and co-ops fell to $394,300 in September, down by 4.7% from the peak 18 months ago, in June 2022, according to data from the National Association of Realtors (NAR) today. June is […]
https://thepricklypear.org/wp-content/uploads/fallinghome.jpg339509Wolf Richterhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWolf Richter2023-10-23 00:28:542023-10-22 07:43:08Home Prices Fall Further. Peak was June 2022. Demand Crashes, Price Cuts Jump, Supply & Days on Market Rise
American schoolchildren are taught that they are being raised in a democracy, where elected officials pass the laws, bureaucrats administer the laws, and government workers dutifully carry them out. That’s a crock. Americans at this time are mostly governed under rules generated by an unelected bureaucracy, the so-called “dark state”. Worse, personnel and financial matters […]
https://thepricklypear.org/wp-content/uploads/teachersstriking.jpg427640Thomas C. Pattersonhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngThomas C. Patterson2023-10-22 00:30:472024-01-17 10:22:19Government Unions Call The Shots
Buried deeply in the bowels of a 56,342-page Federal Register Volume 88 — along with an environmental assessment accompanying the Department of Transportation’s newly proposed fuel standards — are some candid admissions that electric vehicle- (EV) promoting bureaucrats and subsidy beneficiaries aren’t anxious for any of us to know about. One is that “Net [social-economic] benefits for passenger cars […]
https://thepricklypear.org/wp-content/uploads/iStock-1393199281-scaled.jpg17072560Larry Bellhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngLarry Bell2023-10-22 00:28:062023-10-21 20:03:40Zero Net EV Economic Or Climate Benefits And Government Admits It
Editors’ Note: When we read statements like this, it requires us to fondle our US Gold Eagles just to calm down. There is no political force today or any institutional constraint to stop both parties from spending this nation into bankruptcy. Once a staple of our collective political discussion, controlling spending and deficits, and bringing […]
https://thepricklypear.org/wp-content/uploads/iStock-875327078-scaled.jpg14402560Brianna Lymanhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngBrianna Lyman2023-10-19 00:32:412023-10-19 11:28:19Yellen Says US “Can Certainly Afford Two Wars” At Once
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://thepricklypear.org/wp-content/uploads/crashed-car-2727666_1280.jpg8531280Wolf Richterhttps://thepricklypear.org/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
When you hear someone deep diving into a conspiracy theory, do you roll your eyes and then politely thank the person for sharing their paranoid thoughts with you? I do. The theory usually involves some form of complicated conjecture which is one speculation after another. Anyone who reads my columns or talks to me knows […]
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://thepricklypear.org/wp-content/uploads/Wile_E._Coyote_at_MIT_with_Acme_Instant_Tunnel_box.jpg1200800Mark Wallacehttps://thepricklypear.org/wp-content/uploads/logo_2023.pngMark Wallace2023-10-09 00:26:122023-10-08 08:07:25Welcome To The Wile E. Coyote Markets
World leaders continue experiencing a “dangerous delusion” of a global transition to “just electricity” that they believe will eliminate the use of the crude oil that made society achieve so much in a few centuries. Crude oil is the basis of our materialistic society, as discussed in an educational and entertaining 27-minute podcast interview between […]
https://thepricklypear.org/wp-content/uploads/High_tension_electric_power_line_towers_-_DPLA_-_25320bc1aa19646ad9a67894b8f2d2fa.jpg437640Ronald Steinhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngRonald Stein2023-10-08 00:28:472023-10-07 12:19:10The Dangerous Delusion Of A Global Transition To “just electricity”
Housing Market Half As Affordable Than Just Three Years Ago
/in Economy, Featured, Latest News, Personal Finance, Politics/by Will KesslerAmericans’ purchasing power in the real estate market has been cut in half in less than three years as home prices and mortgage rates rise, pricing average Americans out of the market, according to NBC News. Housing affordability has been cut in half in less than three years since August 2023, when a median-income household […]
Southern Border Sees More Migrant Encounters In September Than Ever Before
/in Arizona News, Economy, Featured, Latest News, National Security, Politics/by Will KesslerU.S. Customs and Border Patrol (CBD) released statistics on Saturday showing that September recorded the most monthly border encounters ever, ending fiscal year 2023, which likewise reported the most yearly encounters on record. The number of encounters along the southern border in September totaled 269,735, far greater than the 232,963 and 183,479 encounters that were […]
Home Prices Fall Further. Peak was June 2022. Demand Crashes, Price Cuts Jump, Supply & Days on Market Rise
/in Economy, Featured, Latest News, Personal Finance/by Wolf RichterNAR, the Realtor lobbying group, demands its easy-money heroin back that the Fed has confiscated. The national median price of previously owned houses, condos, and co-ops fell to $394,300 in September, down by 4.7% from the peak 18 months ago, in June 2022, according to data from the National Association of Realtors (NAR) today. June is […]
Government Unions Call The Shots
/in Economy, Education, Featured, Latest News, Liberty, Politics/by Thomas C. PattersonAmerican schoolchildren are taught that they are being raised in a democracy, where elected officials pass the laws, bureaucrats administer the laws, and government workers dutifully carry them out. That’s a crock. Americans at this time are mostly governed under rules generated by an unelected bureaucracy, the so-called “dark state”. Worse, personnel and financial matters […]
Zero Net EV Economic Or Climate Benefits And Government Admits It
/in Culture War, Economy, Environment, Featured, Latest News, Liberty, Personal Finance, Politics/by Larry BellBuried deeply in the bowels of a 56,342-page Federal Register Volume 88 — along with an environmental assessment accompanying the Department of Transportation’s newly proposed fuel standards — are some candid admissions that electric vehicle- (EV) promoting bureaucrats and subsidy beneficiaries aren’t anxious for any of us to know about. One is that “Net [social-economic] benefits for passenger cars […]
Yellen Says US “Can Certainly Afford Two Wars” At Once
/in Culture War, Economy, Featured, Latest News, National Security, Personal Finance, Politics/by Brianna LymanEditors’ Note: When we read statements like this, it requires us to fondle our US Gold Eagles just to calm down. There is no political force today or any institutional constraint to stop both parties from spending this nation into bankruptcy. Once a staple of our collective political discussion, controlling spending and deficits, and bringing […]
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 […]
A Conspiracy Theory
/in Economy, Featured, Latest News, Liberty, National Security, Politics/by Bruce BialoskyWhen you hear someone deep diving into a conspiracy theory, do you roll your eyes and then politely thank the person for sharing their paranoid thoughts with you? I do. The theory usually involves some form of complicated conjecture which is one speculation after another. Anyone who reads my columns or talks to me knows […]
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 Dangerous Delusion Of A Global Transition To “just electricity”
/in Culture War, Economy, Environment, Featured, Latest News, Liberty, National Security, Politics/by Ronald SteinWorld leaders continue experiencing a “dangerous delusion” of a global transition to “just electricity” that they believe will eliminate the use of the crude oil that made society achieve so much in a few centuries. Crude oil is the basis of our materialistic society, as discussed in an educational and entertaining 27-minute podcast interview between […]