'Carpe Diem, Quam Minimum Credula Postero'

'Seize the day, Trusting as little as possible in the future'


Recent Stories
John Tamny: If You Expected Bitcoin to Beat Gold As An Inflation Hedge, You Understand Neither Gold nor Inflation

05/20/22 04:00PM - The market speculation that is Bitcoin has risen to prominence for a variety of reasons, but it’s not unreasonable to say that the dollar, euro, yen, pound, yuan (or name your county’s currency) have served as the cryptocurrency’s …more…

Milton Ezrati: Can We Avoid a Recession?

05/20/22 10:29AM - Policymakers have squandered precious time. Perceptions of the American economy have changed dramatically. Not long ago, the country seemed to be enjoying a robust post-pandemic recovery. Supply-chain issues were causing some problems, …more…

Desmond Lachman: On our way to a hard economic landing | The Hill

05/20/22 09:30AM - Anyone who believes that the Federal Reserve will succeed in its efforts to reduce inflation without causing a hard economic landing has not been paying attention to the recent meltdown in the financial markets. Nor have they been paying …more…

Steve Rattner: The Stock Market Heads Toward Earth

05/20/22 09:00AM - On MSNBC's Morning Joe today, Steven Rattner charted the stock market's recent declines amid souring investor sentiment, economic headwinds, and rising interest rates. The stock market is off to its worst start since 1940 as it is beset by a …more…

Brian Riedl: The Democrats’ Cynical ‘Greedflation’ Narrative

05/20/22 06:30AM - Many of the Democrats who are scapegoating greedy businesses for inflation do not actually believe it. But they hope you will. President Biden and congressional Democrats spent a full year downplaying the inflation that buried families and …more…

Jeanna Smialek and Talmon Joseph Smith: Biden’s Curious Talking Point: Lower Deficits Offer Inflation Relief

05/20/22 05:00AM - The administration says federal spending trends are helping rein in price increases, but the economic calculus may be more complicated. As Americans deal with the highest inflation in decades, President Biden has declared that combating rising …more…

Economic Results
U.S. Leading Economic Index decreased by 0.3% in April 2022

05/19/22 10:00AM - The Conference Board Leading Economic Index® (LEI)for the U.S. decreased by 0.3 percent in March to 119.2 (2016 = 100), following a 0.1 percent increase in March. The LEI is now up 0.9 percent over the six-month period from October 2021 to …more…

Existing-Home Sales fell 2.4% in April 2022

05/19/22 10:00AM - Existing-home sales recorded a third straight month of declines, slipping slightly in April, according to the National Association of Realtors®. Month-over-month sales were split amongst the four major U.S. regions, with two areas posting gains …more…

Philadelphia Fed Outlook Activity declined in May 2022

05/19/22 08:30AM - Manufacturing activity in the region continued to expand overall this month, according to the firms responding to the May Manufacturing Business Outlook Survey. The survey's current general activity index declined, while the indicators for …more…

Weekly Initial Unemployment Claims increase 21,000 to 218,000

05/19/22 08:30AM - In the week ending May 14, the advance figure for seasonally adjusted initial claims was 218,000, an increase of 21,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 203,000 to 197,000. The …more…

April 2022 Housing Starts Decreased 0.2%, Permits down 3.2%

05/18/22 08:30AM - Building Permits
Privately‐owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,819,000. This is 3.2 percent below the revised March rate of 1,879,000, but is 3.1 percent above the April …more…

Purchase Apps down, Refi's Down in Latest MBA Weekly Survey

05/18/22 07:00AM - Mortgage applications decreased 11.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 13, …more…

Business Inventories up 2.0% in March 2022

05/17/22 10:00AM - The combined value of distributive trade sales and manufacturers’ shipments for March, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,832.1 billion, up 1.8 percent (±0.2 percent) from February …more…