'Carpe Diem, Quam Minimum Credula Postero'

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


Recent Stories
Joshua Hendrickson: Inflation We Can Feel But Don’t Measure

04/16/24 06:00AM - In the aftermath of the pandemic, the United States experienced the highest rates of inflation of the last four decades. More recently, inflation rates have been trending lower. Nonetheless, a number of economists have been surprised to observe …more…

Sally Pipes: Biden And Harris Are Wrong About Healthcare "Rights"

04/15/24 08:00AM - Speaking to supporters in North Carolina late last month, Vice President Kamala Harris said, "We here agree that access to healthcare should be a right and not just a privilege of those who can afford it." President Biden picked up the thread …more…

Lawrence Summers and N.K. Singh: The World Is Still on Fire

04/15/24 06:46AM - CAMBRIDGE/DELHI – For the last several years, world leaders have made big promises and laid out bold plans to mitigate the climate crisis and help the neediest countries adapt. At this year's World Bank/IMF Spring Meetings, they must …more…

John Tamny: No, Inflation Is Not 'Too Much Money Chasing Too Few Goods’

04/14/24 10:00AM - Former budget director Mick Mulvaney recently wrote that inflation "is too much money chasing too few goods." That he was incorrect about inflation doesn't indict him as much as it places him in a crowded room with countless other …more…

Komal Sri-Kumar: Fed: Clueless on Inflation!

04/13/24 06:47AM - Officials' Reassurance Means Little. We have heard it all from US Federal Reserve Chairman Jerome Powell in recent months – inflation will come down to the central bank's 2% target, we are likely at the peak of interest rates for this cycle, …more…

Veronique de Rugy: Say No to This: America's Fiscal Norms Are in Decline

04/11/24 03:30PM - Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding. Washington Post columnist Megan McArdle recently wrote that the best argument made in favor of limiting the size of the stimulus …more…

Economic Results
March 2024 Industrial Production rose 0.4%, Capacity Utilization moved up to 78.4%

04/16/24 09:15AM - Industrial production rose 0.4 percent in March but declined at an annual rate of 1.8 percent in the first quarter. Manufacturing output increased 0.5 percent in March, boosted in part by a gain of 3.1 percent in motor vehicles and parts; …more…

March 2024 Housing Starts Decreased 14.7%, Permits down 4.3%

04/16/24 08:30AM - Building Permits
Privately‐owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,458,000. This is 4.3 percent below the revised February rate of 1,523,000, but is 1.5 percent above the March …more…

Business Inventories up 0.4% in February 2024

04/15/24 10:00AM - Sales
The combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,866.5 billion, up 1.6 percent (±0.2 percent) …more…

NAHB Builder Confidence unch% at 51 in April 2024

04/15/24 10:00AM - Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter …more…

U.S. Retail Sales for March 2024 up 0.7%, Ex-Auto up 1.1%

04/15/24 08:30AM - Advance estimates of U.S. retail and food services sales for March 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $709.6 billion, up 0.7 percent (±0.5 percent) from the previous …more…

Empire State Manufacturing Survey Conditions continued to decline in April 2024

04/15/24 08:30AM - Business activity continued to decline in New York State, according to firms responding to the April 2024 Empire State Manufacturing Survey. The headline general business conditions index rose seven points but remained below zero at -14.3. …more…

University of Michigan Consumer Confidence Preliminary March 2024 Results down to 77.9

04/12/24 10:00AM - Sentiment moved sideways for the fourth straight month, as consumers perceived few meaningful developments in the economy. Since January, sentiment has remained remarkably steady within a very narrow 2.5 index point range, well under the 5 …more…