'Carpe Diem, Quam Minimum Credula Postero'

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


Recent Stories
Review & Outlook: How Inflation Taxes the Poor

05/18/22 06:32PM - A lesson for Americans from Britain’s dismal price data. The United Kingdom on Wednesday reported its highest inflation rate since 1982, and welcome to the 40-Year Club alongside the U.S. A new generation on both sides of the Atlantic is …more…

Richard Epstein: All The Wrong Moves On Energy Markets

05/18/22 12:56PM - In a world of sane energy policy, the following three precepts would take pride of place: (1) the forces of supply and demand would allocate scarce energy resources to their best possible use; (2) constant competitive pressures should lead …more…

Marc Joffe: The true depths of our debt crisis

05/18/22 12:30PM - For over 50 years, both political parties have run up the national debt while ignoring warnings about the long-term unsustainability of federal budgets. Now, the Federal Reserve has quietly turned to inflation to lighten the nation's debt …more…

Michael Strain: Will US Inflation Lead to Recession?

05/18/22 09:50AM - WASHINGTON, DC – While some economic indicators suggest that the recovery remains on track, others show that consumers may be stalling out, and that households and businesses are becoming increasingly pessimistic. The US Federal Reserve will …more…

Conor Sen: Remote Working Boom Is Huge for College Towns Like Knoxville

05/18/22 06:30AM - With the home becoming an increasingly acceptable office for white-collar employees, new graduates won't have to make a beeline for the big city to find high-paying jobs. It's now been two years since the rise of remote work enabled people to …more…

Peter Morici: Biden needs some Republicans on his foreign policy team

05/18/22 06:00AM - The White House is too much a hot house of economic isolationism and left-wing statism to champion a strong defense and free markets in a dangerous world. Since World War II, U.S. foreign policy has promoted human rights and democracy by …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…

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…

NAHB Builder Confidence fell 8 points to 69 in May 2022

05/17/22 10:00AM - In a sign that the housing market is now slowing, builder confidence took a steep drop in May as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases for material costs and ongoing home …more…