'Carpe Diem, Quam Minimum Credula Postero'

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


Recent Stories
Harold James: Crises of Uncertainty

03/30/23 08:55AM - PRINCETON – National governments’ responses to the latest banking crisis confirm once again that some countries play by different rules than others. This double standard is bad for long-term planning within those countries and represents …more…

Charles Cooke: Spare Me, Joe Manchin

03/30/23 07:14AM - In the Wall Street Journal, Senator Joe Manchin writes that he has a problem with the way in which the Biden administration is implementing the Inflation Reduction Act: Despite explicit direction from Congress to pay down our debt in the …more…

Conor Sen: What Makes This Economic Slowdown Different From the Others?

03/30/23 06:30AM - Past declines have been about unwinding excesses in investment, hiring or construction. This one is about unwinding excessive belief in low interest rates. We've been watching slumps ripple through various parts of the economy over the past …more…

Michael Spence: Destructive Decoupling

03/30/23 06:26AM - MILAN – Policymakers in both the United States and China seem to have fully accepted, and even embraced, the logic of economic decoupling. But what exactly will decoupling entail, and what will its consequences be? Over the last year, …more…

Veronique de Rugy: Progressive Politicians Are Regulating Their Own Projects Into Oblivion

03/30/23 12:01AM - Excessive government interference in the market hurts consumers and thwarts policy goals. It also gets in the way of the government itself. George McGovern, the Democratic Party's 1972 presidential nominee, was a liberal icon. During many years …more…

Larry Kudlow: Biden Ducking Compromise on 'Bernie Sanders’ Budget

03/29/23 06:35PM - It's no spending cuts and $5 trillion in tax hikes. Probably the most important fiscal negotiation that's going to take place this year is over the debt ceiling and the budget. So far, it's gone nowhere. Speaker McCarthy met with President …more…

Economic Results
4Q2022 GDP final estimate increased 2.6%

03/30/23 08:30AM - Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2022 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased …more…

Weekly Initial Unemployment Claims increase 7,000 to 198,000

03/30/23 08:30AM - In the week ending March 25, the advance figure for seasonally adjusted initial claims was 198,000, an increase of 7,000 from the previous week's unrevised level of 191,000. The 4-week moving average was 198,250, an increase of 2,000 from …more…

Pending Home Sales up 0.8% in February 2023

03/29/23 10:00AM - Pending home sales grew in February for the third consecutive month, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the West declined. All four regions saw year-over-year decreases …more…

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

03/29/23 07:00AM - Mortgage applications increased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 24, …more…

Consumer Confidence increased slightly in March 2023 to 104.2

03/28/23 10:00AM - The Conference Board Consumer Confidence Index® increased slightly in March to 104.2 (1985=100), up from 103.4 in February. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased to …more…

Richmond Fed's Current Activity Improved Modestly to -5 in March 2023

03/28/23 10:00AM - Fifth District manufacturing firms reported modest improvements in business conditions in March, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose from -16 in February to -5 …more…

S&P CoreLogic Case-Shiller Home Price Indices decrease 0.5% in January 2023

03/28/23 09:00AM - S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for January 2023 show that the trend of declining home price gains …more…