'Carpe Diem, Quam Minimum Credula Postero'
'Seize the day, Trusting as little as possible in the future'
06/25/21 05:35AM - MILAN – Both China and the West espouse some version of multilateralism. But unfettered strategic competition, together with relentlessly negative rhetoric, precludes effective multilateralism, not least by disrupting trade and technology transfer …more…
06/24/21 11:00PM - No one is paying much attention, but Washington is building up a vast, multitrillion-dollar welfare class: corporate America. Deep inside President Joe Biden's budget plans are hundreds of billions of dollars of handouts, loans, grants, and …more…
06/24/21 04:06PM - Who’s in charge of inflation these days? Or perhaps better stated: Who’s to blame? When Congress engages in deficit spending, it must issue debt to cover the difference between federal budget revenues and expenditures. When the Federal …more…
06/24/21 02:40PM - The Left wants to smear anyone who ever opposed the idea of putting the state in control of nearly everything. One of the most famous of those opponents was Milton Friedman, who argued strongly for a classical-liberal philosophy of …more…
06/24/21 01:39PM - President Biden met with financial regulators this week to discuss how climate change may adversely affect the financial sector. The meeting comes one month after Biden issued an Executive Order on Climate-Related Financial Risk directing …more…
06/24/21 12:15PM - For many elected Democrats, infrastructure is much more than roads, bridges, dams, and waterways. In the event that a group of U.S. senators cannot agree on committing enough money to a bipartisan infrastructure plan, Democrats are …more…
06/24/21 11:00AM - Tenth District manufacturing activity remained strong, and expectations for future activity increased to a survey record high. The index of prices paid for raw materials and prices received for finished goods compared with a month ago remained …more…
06/24/21 08:30AM - In the week ending June 19, the advance figure for seasonally adjusted initial claims was 411,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 412,000 to 418,000. The …more…
06/24/21 08:30AM - New Orders New orders for manufactured durable goods in May increased $5.7 billion or 2.3 percent to $253.3 billion, the U.S. Census Bureau announced today. This increase, up twelve of the last thirteen months, followed a 0.8 percent April …more…
06/24/21 08:30AM - Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased …more…
06/23/21 10:00AM - New Home Sales Sales of new single‐family houses in May 2021 were at a seasonally adjusted annual rate of 769,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This …more…
06/23/21 08:30AM - The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $20.7 billion, or 11.8 percent, to $195.7 billion in the …more…
06/23/21 07:00AM - Mortgage applications increased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June …more…