Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Phoenix, Dallas, Las Vegas 20-City Index drops for 3rd month in a row, forming Double Top. Only Washington DC sets a new all-time high. The home price index for the 20 metros that the S&P CoreLogic Case-Shiller Home Price Index covers declined by 0.1% from […]
https://thepricklypear.org/wp-content/uploads/dalle_housing_bubble.webp10241792Wolf Richterhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWolf Richter2024-03-28 00:30:012024-03-28 08:17:38The Most Splendid Housing Bubbles in America (March 2024 Update)
Young people sometimes seem to wake up in the morning in search of something to be outraged about. We are among the wealthiest and most educated humans in history. But we’re increasingly convinced that we’re worse off than our parents were, that the planet is in crisis, and that it’s probably not worth having kids. […]
https://thepricklypear.org/wp-content/uploads/shutterstock_556308208-scaled.jpg17072560Laura Williamshttps://thepricklypear.org/wp-content/uploads/logo_2023.pngLaura Williams2024-03-25 00:30:082024-03-22 06:49:30Young People Aren’t Nearly Angry Enough About Government Debt
President Joe Biden recently released his budget proposal for fiscal year 2025, which, if approved, could add even more fuel to sky-high inflation, according to federal government budget experts who spoke to the Daily Caller News Foundation. The president’s proposal lays out a slew of new targeted spending measures and tax increases that, in total, […]
https://thepricklypear.org/wp-content/uploads/iStock-1409735832-scaled.jpg17072560Will Kesslerhttps://thepricklypear.org/wp-content/uploads/logo_2023.pngWill Kessler2024-03-22 00:32:482024-03-20 19:38:49‘Economic Disaster’: Biden’s Budget Dreams Would Add Even More Fuel To Sky-High Inflation, Experts Say
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.
The Most Splendid Housing Bubbles in America (March 2024 Update)
/in Arizona News, Economy, Featured, Latest News, Personal Finance/by Wolf RichterBiggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Phoenix, Dallas, Las Vegas 20-City Index drops for 3rd month in a row, forming Double Top. Only Washington DC sets a new all-time high. The home price index for the 20 metros that the S&P CoreLogic Case-Shiller Home Price Index covers declined by 0.1% from […]
Young People Aren’t Nearly Angry Enough About Government Debt
/in Culture War, Economy, Education, Featured, Latest News, Liberty, National Debt, Personal Finance, Politics/by Laura WilliamsYoung people sometimes seem to wake up in the morning in search of something to be outraged about. We are among the wealthiest and most educated humans in history. But we’re increasingly convinced that we’re worse off than our parents were, that the planet is in crisis, and that it’s probably not worth having kids. […]
‘Economic Disaster’: Biden’s Budget Dreams Would Add Even More Fuel To Sky-High Inflation, Experts Say
/in 2024 Election, Economy, Featured, Latest News, National Debt, Personal Finance, Politics/by Will KesslerPresident Joe Biden recently released his budget proposal for fiscal year 2025, which, if approved, could add even more fuel to sky-high inflation, according to federal government budget experts who spoke to the Daily Caller News Foundation. The president’s proposal lays out a slew of new targeted spending measures and tax increases that, in total, […]
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 […]