With exquisite timing, the United Nations Intergovernmental Panel on Climate Change (IPCC) has seized the opportunity of Vladimir Putin’s invasion of Ukraine to warn of impending doom – not from Putin’s putting Russia’s nuclear forces on high alert, but from countries failing to reduce their carbon emissions. “Climate change is killing people,” said Helen Adams […]
https://thepricklypear.org/wp-content/uploads/Russian-tank-Ukraine-800x531-1.jpg531800Bonner Cohenhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngBonner Cohen2022-03-07 01:55:022022-03-05 07:42:35UN doubles down on climate as Putin’s tanks roll
Personal Income and Spending under Red-Hot Inflation and Omicron. Not adjusted for inflation, the personal income of all Americans combined, from all sources – from wages, salaries, interest, dividends, rental income, unemployment compensation, stimulus checks, Social Security benefits, etc. but not including capital gains – was essentially flat (seasonally adjusted) in January from December, fell […]
https://thepricklypear.org/wp-content/uploads/costs-rising.jpg339509Wolf Richterhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWolf Richter2022-03-03 01:58:512022-03-01 15:12:18Inflation Ate their Lunch, But Americans Made Heroic Efforts to Spend
The U.S. Centers for Disease Control and Prevention (CDC) announced new guidance Friday that eases up their recommendations for wearing masks indoors for the majority of Americans. The CDC held a press briefing Friday explaining the updated guidance. Notably, CDC officials said masks are no longer necessary unless someone lives in an area where hospitals […]
https://thepricklypear.org/wp-content/uploads/CDC.jpg337508Casey Harperhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngCasey Harper2022-03-03 01:50:562022-03-02 08:49:19CDC: No Masks Needed Indoors for Most Americans
President Biden, no economic expert, wants to blame the high rate of inflation on the pandemic created shortages like computer chips stopping cars from being built. While supply chains were altered for a time and some products still have backlogs there are two major reasons that the inflation rate has accelerated to the highest it has […]
In a move that has angered crypto investors, companies and enthusiasts all over the world, the Canadian government is considering permanently extending the emergency measures that allow it to monitor and seize cryptocurrency. Finance Minister Chrystia Freeland announced sweeping new rules on Feb. 14 which empowered the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) […]
https://thepricklypear.org/wp-content/uploads/blockchain-3446557__340.webp340495Chris Brunethttps://thepricklypear.org/wp-content/uploads/logo_2023.pngChris Brunet2022-03-02 01:50:522022-02-28 09:25:53Trudeau’s Emergency Act Sent A Shockwave Through The Cryptocurrency World
We don’t write that often about markets because The Prickly Pear is not a financial publication. However, we appreciate that our readers, like the public generally, are being squeezed by the worst inflation in a generation and are being buffeted by very uncertain financial markets. Our main concern remains the country and the future of […]
https://thepricklypear.org/wp-content/uploads/big-bear.jpg339509Neland Nobelhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngNeland Nobel2022-03-01 07:01:462022-03-01 08:17:07War and Bad Energy Policy Makes a Difficult Situation Even Worse
The Canadian government is now freezing the bank accounts and personal assets of those who donated to support the Freedom Convoy, which is an organized political protest of the vaccine mandates. The deputy prime minister announced that they will retain these so-called emergency powers permanently going forward and will also seek to implement additional measures to further restrict […]
https://thepricklypear.org/wp-content/uploads/iStock-487689989-scaled.jpg17072560Robert Fellnerhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngRobert Fellner2022-02-28 01:55:272022-02-28 12:17:15Canada’s Freezing of Protesters’ Finances Shows How the “War on Cash” Ends.
Editors’ Note: We ourselves have suggested that governments would not permit the full operation of cryptocurrencies because it challenges their entrenched power to manipulate money. This manipulation in the past was limited to inflation of the currency, redistribution of wealth, and supposed countercyclical measures to modulate the business cycle. Then that power morphed in several […]
https://thepricklypear.org/wp-content/uploads/cryptocurrency-3423262__340.jpg340509Kyle Samminhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngKyle Sammin2022-02-28 01:50:302022-02-26 15:12:12Leftists Want To Control Your Money So They Can Control You
As an economist, my job is not to help you make health decisions about Covid vaccines. Your health history, age, subjective evaluation of risk, and many other factors make recommendations from me meaningless. I can, however, increase your awareness of distortions that lead to poor decision-making. I’m not talking about the most apparent distortion—mandates. Mandates […]
The Magic Number in 2018 was around 4.8%. In 2006, it was around 6%. But with today’s super-inflated home prices? Here are the signs. The average weekly contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to 4.06 percent for the week ended February 18, the second week in a row above […]
https://thepricklypear.org/wp-content/uploads/percent-homes.jpg333518Wolf Richterhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWolf Richter2022-02-24 21:14:412022-02-24 21:18:56Is 4% the “Magic Number” for Mortgage Rates to Prick the Housing Market (and Stocks)?
UN doubles down on climate as Putin’s tanks roll
/in Culture War, Economy, Environment, Featured, National Security, Politics/by Bonner CohenWith exquisite timing, the United Nations Intergovernmental Panel on Climate Change (IPCC) has seized the opportunity of Vladimir Putin’s invasion of Ukraine to warn of impending doom – not from Putin’s putting Russia’s nuclear forces on high alert, but from countries failing to reduce their carbon emissions. “Climate change is killing people,” said Helen Adams […]
Inflation Ate their Lunch, But Americans Made Heroic Efforts to Spend
/in Economy, Featured, Politics/by Wolf RichterPersonal Income and Spending under Red-Hot Inflation and Omicron. Not adjusted for inflation, the personal income of all Americans combined, from all sources – from wages, salaries, interest, dividends, rental income, unemployment compensation, stimulus checks, Social Security benefits, etc. but not including capital gains – was essentially flat (seasonally adjusted) in January from December, fell […]
CDC: No Masks Needed Indoors for Most Americans
/in Economy, Education, Featured, Healthcare, Liberty, Politics/by Casey HarperThe U.S. Centers for Disease Control and Prevention (CDC) announced new guidance Friday that eases up their recommendations for wearing masks indoors for the majority of Americans. The CDC held a press briefing Friday explaining the updated guidance. Notably, CDC officials said masks are no longer necessary unless someone lives in an area where hospitals […]
The Big Inflation Lie
/in Economy, Featured, Politics/by Bruce BialoskyPresident Biden, no economic expert, wants to blame the high rate of inflation on the pandemic created shortages like computer chips stopping cars from being built. While supply chains were altered for a time and some products still have backlogs there are two major reasons that the inflation rate has accelerated to the highest it has […]
Trudeau’s Emergency Act Sent A Shockwave Through The Cryptocurrency World
/in Economy, Featured, Liberty, Politics/by Chris BrunetIn a move that has angered crypto investors, companies and enthusiasts all over the world, the Canadian government is considering permanently extending the emergency measures that allow it to monitor and seize cryptocurrency. Finance Minister Chrystia Freeland announced sweeping new rules on Feb. 14 which empowered the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) […]
War and Bad Energy Policy Makes a Difficult Situation Even Worse
/in Economy, Featured, Liberty, National Security, Politics/by Neland NobelWe don’t write that often about markets because The Prickly Pear is not a financial publication. However, we appreciate that our readers, like the public generally, are being squeezed by the worst inflation in a generation and are being buffeted by very uncertain financial markets. Our main concern remains the country and the future of […]
Canada’s Freezing of Protesters’ Finances Shows How the “War on Cash” Ends.
/in Economy, Featured, Liberty, Politics/by Robert FellnerThe Canadian government is now freezing the bank accounts and personal assets of those who donated to support the Freedom Convoy, which is an organized political protest of the vaccine mandates. The deputy prime minister announced that they will retain these so-called emergency powers permanently going forward and will also seek to implement additional measures to further restrict […]
Leftists Want To Control Your Money So They Can Control You
/in Culture War, Economy, Environment, Featured, Gun Rights, Healthcare, Liberty, National Security, Politics/by Kyle SamminEditors’ Note: We ourselves have suggested that governments would not permit the full operation of cryptocurrencies because it challenges their entrenched power to manipulate money. This manipulation in the past was limited to inflation of the currency, redistribution of wealth, and supposed countercyclical measures to modulate the business cycle. Then that power morphed in several […]
What An Economist Knows About Crony Vaccines
/in Economy, Featured, Liberty, Politics/by Barry BrownsteinAs an economist, my job is not to help you make health decisions about Covid vaccines. Your health history, age, subjective evaluation of risk, and many other factors make recommendations from me meaningless. I can, however, increase your awareness of distortions that lead to poor decision-making. I’m not talking about the most apparent distortion—mandates. Mandates […]
Is 4% the “Magic Number” for Mortgage Rates to Prick the Housing Market (and Stocks)?
/in Economy, Featured, Politics/by Wolf RichterThe Magic Number in 2018 was around 4.8%. In 2006, it was around 6%. But with today’s super-inflated home prices? Here are the signs. The average weekly contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to 4.06 percent for the week ended February 18, the second week in a row above […]