The chorus of voices in opposition to the Internal Revenue Service’s taxation of a state rebate many Arizona families received last year continues to grow. On Wednesday, U.S. Reps. David Schweikert, Greg Stanton and Juan Ciscomani asked the IRS to change course on taxing the “Arizona Families Tax Rebate.” Taxpayers in Arizona have already begun to […]
https://thepricklypear.org/wp-content/uploads/iStock-174879501-scaled.jpg17072560Cameron Arcandhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngCameron Arcand2024-03-17 00:28:512024-03-16 05:41:56Arizona Congressmen Call On IRS To Not Tax State Rebate
You have probably seen a cop show where there is a company owned by an entity that is owned by another entity to hide the real owners. A perfect example of someone using what can be referred to as “shell companies” is Hunter Biden having more than 20 of them. Congress wants to stop these […]
https://thepricklypear.org/wp-content/uploads/handredtape.jpg508800Bruce Bialoskyhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngBruce Bialosky2024-03-15 00:26:142024-03-14 06:16:17Killing A Mosquito With A Bazooka [Corporate Transparency Act]
Germany’s gross domestic product has been falling since the third quarter of 2022, causing fears of the first 2-yearlong recession since the early 2000s. German farmers are openly protesting new climate regulations that would raise the price of diesel fuel, vital for tractors and farm machinery. This discontent is mirrored by the general public, which is opposed to […]
https://thepricklypear.org/wp-content/uploads/germanfarmers-scaled.jpg17072560Diana Furchtgott-Roth and Alexander Freihttps://thepricklypear.org/wp-content/uploads/logo_2023.pngDiana Furchtgott-Roth and Alexander Frei2024-03-12 00:26:442024-03-10 20:51:42A Lesson for America: Green Policies Crush German Economy
We all know about new highs in the Dow Jones Industrials, the NASDAQ, and the S&P 500. The market has been driven higher by a mere handful of very large tech companies. Some of the indices are already up 8% or so, just in the first two months of the year. The equally weighted S&P […]
https://thepricklypear.org/wp-content/uploads/chinagold-scaled.jpg17072560Neland Nobelhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngNeland Nobel2024-03-11 00:30:172024-03-10 06:26:20What If A Market Roared And Nobody Heard It?
Writing in The American Conservative, Rep. Josh Brecheen (R-OK) recently blamed inflation on irresponsible fiscal policy. He cites a barrage of statistics on the magnitude of the national debt, the looming insolvency of Social Security and Medicare, and the burdens high prices create for American households. Rep. Brecheen is partly right: perpetual deficits are bad for the economy, […]
https://thepricklypear.org/wp-content/uploads/dolloars-being-printed.jpg339509Alexander William Salterhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngAlexander William Salter2024-03-09 00:28:082024-03-07 06:09:56Congress Overspends, but the Fed Inflates
Core services inflation dished up bad head fakes last time we had this mess in 1966-1982. Mention of a rate hike crops up in a Fed speech. Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation […]
https://thepricklypear.org/wp-content/uploads/iStock-1391025961-scaled.jpg17072560Wolf Richterhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWolf Richter2024-03-06 00:26:372024-03-01 17:02:29Worst Monthly Spike of “Core Services” PCE Inflation in 22 Years, and Not Just Housing: Powell’s Gonna Have Another Cow
These double-tops are weird. Prices coming off the second top. Only Miami home prices hit a new high. The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers declined by 0.6% from the prior month, the second month in a row of declines. The index formed a double-top […]
https://thepricklypear.org/wp-content/uploads/iStock-1398758283.jpg14142121Wolf Richterhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWolf Richter2024-03-05 00:28:002024-03-05 12:10:36The Most Splendid Housing Bubbles in America, Feb 2024 Update: 20-City Index Drops for 2nd Month from Double-Top.
Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around. The average conforming 30-year fixed mortgage rate rose to 7.0% in the latest week, according to the Mortgage Bankers Association today. The daily measure by Mortgage News Daily has been over 7% for days. These […]
https://thepricklypear.org/wp-content/uploads/iStock-1400765650.jpg14222107Wolf Richterhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWolf Richter2024-02-26 00:30:242024-02-24 05:46:16Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High
It is difficult to find exact historical settings for the inflation set loose by the Biden Administration. However, the similarity with previous periods could be a guide. Among the conditions plaguing us today are: very turbulent domestic politics, large deficits caused by an expansion of the welfare state and 20 years of losing warfare, supply […]
https://thepricklypear.org/wp-content/uploads/iStock-1556146183.jpg56558841Neland Nobelhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngNeland Nobel2024-02-22 00:30:422024-02-23 15:36:47Inflation Can Be Difficult To Kill Off
Recent headlines for the January jobs report indicate a robust economy. But a more thorough look reveals challenges for Americans. One recent headline proclaimed “Voters are finally noticing that Bidenomics is working.” But just 30 percent of Americans think the economy is doing well. When asked who would handle the economy better, people give former president Donald Trump a 22-point advantage […]
Arizona Congressmen Call On IRS To Not Tax State Rebate
/in Arizona News, Economy, Featured, Latest News, Personal Finance, Politics/by Cameron ArcandThe chorus of voices in opposition to the Internal Revenue Service’s taxation of a state rebate many Arizona families received last year continues to grow. On Wednesday, U.S. Reps. David Schweikert, Greg Stanton and Juan Ciscomani asked the IRS to change course on taxing the “Arizona Families Tax Rebate.” Taxpayers in Arizona have already begun to […]
Killing A Mosquito With A Bazooka [Corporate Transparency Act]
/in Economy, Featured, Latest News, Liberty, Personal Finance, Politics/by Bruce BialoskyYou have probably seen a cop show where there is a company owned by an entity that is owned by another entity to hide the real owners. A perfect example of someone using what can be referred to as “shell companies” is Hunter Biden having more than 20 of them. Congress wants to stop these […]
A Lesson for America: Green Policies Crush German Economy
/in Culture War, Economy, Environment, Featured, Latest News, Liberty, National Security, Personal Finance, Politics/by Diana Furchtgott-Roth and Alexander FreiGermany’s gross domestic product has been falling since the third quarter of 2022, causing fears of the first 2-yearlong recession since the early 2000s. German farmers are openly protesting new climate regulations that would raise the price of diesel fuel, vital for tractors and farm machinery. This discontent is mirrored by the general public, which is opposed to […]
What If A Market Roared And Nobody Heard It?
/in Economy, Featured, Latest News, Personal Finance/by Neland NobelWe all know about new highs in the Dow Jones Industrials, the NASDAQ, and the S&P 500. The market has been driven higher by a mere handful of very large tech companies. Some of the indices are already up 8% or so, just in the first two months of the year. The equally weighted S&P […]
Congress Overspends, but the Fed Inflates
/in Economy, Featured, Latest News, National Debt, Personal Finance, Politics/by Alexander William SalterWriting in The American Conservative, Rep. Josh Brecheen (R-OK) recently blamed inflation on irresponsible fiscal policy. He cites a barrage of statistics on the magnitude of the national debt, the looming insolvency of Social Security and Medicare, and the burdens high prices create for American households. Rep. Brecheen is partly right: perpetual deficits are bad for the economy, […]
Worst Monthly Spike of “Core Services” PCE Inflation in 22 Years, and Not Just Housing: Powell’s Gonna Have Another Cow
/in Economy, Featured, Latest News, Personal Finance, Politics/by Wolf RichterCore services inflation dished up bad head fakes last time we had this mess in 1966-1982. Mention of a rate hike crops up in a Fed speech. Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation […]
The Most Splendid Housing Bubbles in America, Feb 2024 Update: 20-City Index Drops for 2nd Month from Double-Top.
/in Arizona News, Economy, Featured, Latest News, Maricopa, Personal Finance/by Wolf RichterThese double-tops are weird. Prices coming off the second top. Only Miami home prices hit a new high. The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers declined by 0.6% from the prior month, the second month in a row of declines. The index formed a double-top […]
Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High
/in Economy, Featured, Latest News, Personal Finance/by Wolf RichterInflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around. The average conforming 30-year fixed mortgage rate rose to 7.0% in the latest week, according to the Mortgage Bankers Association today. The daily measure by Mortgage News Daily has been over 7% for days. These […]
Inflation Can Be Difficult To Kill Off
/in Economy, Featured, Latest News, National Debt, Personal Finance, Politics/by Neland NobelIt is difficult to find exact historical settings for the inflation set loose by the Biden Administration. However, the similarity with previous periods could be a guide. Among the conditions plaguing us today are: very turbulent domestic politics, large deficits caused by an expansion of the welfare state and 20 years of losing warfare, supply […]
America Can’t Afford Bidenomics
/in Economy, Featured, Latest News, National Debt, Personal Finance, Politics/by Vance GinnRecent headlines for the January jobs report indicate a robust economy. But a more thorough look reveals challenges for Americans. One recent headline proclaimed “Voters are finally noticing that Bidenomics is working.” But just 30 percent of Americans think the economy is doing well. When asked who would handle the economy better, people give former president Donald Trump a 22-point advantage […]