'Carpe Diem, Quam Minimum Credula Postero'
'Seize the day, Trusting as little as possible in the future'
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…