'Carpe Diem, Quam Minimum Credula Postero'

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


Recent Stories
Michael Spence: How Great Powers Should Compete

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…

Stephen Moore: The return of the corporate welfare state

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…

Judy Shelton: Who You Gonna Believe on Monetary Policy?

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…

George Leef: A Reasoned Response to a Vicious Screed Against Milton Friedman

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…

Norbert Michel: Exec Order On Climate-Related Financial Risk Exposes Flawed Regulatory Structure

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…

Veronique de Rugy: Democrats Are Considering a $6 Trillion Infrastructure Plan That Has Little to Do With Infrastructure

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…

Economic Results
Kansas City Fed Manufacturing Activity remained at a strong pace in June 2021

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…

Weekly Initial Unemployment Claims decrease 7,000 to 411,000

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…

May 2021 New Orders for Durable Goods Increased 2.3%, Ex-Trans up 0.3%

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…

1Q2021 GDP final estimate increased 6.4%

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…

New Home Sales in May 2021 at annual rate of 769,000

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…

1Q2021 Current Account Deficit Increased

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…

Purchase Apps up, Refi's up in Latest MBA Weekly Survey

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…