'Carpe Diem, Quam Minimum Credula Postero'

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


Recent Stories
John Tamny: Donald Trump Can Survive Many Policy Errors, But Not a Weak Dollar

07/21/24 10:00AM - Economic growth is driven by investment, period. We all intuitively know this. Businesses and individuals routinely go into market in pursuit of capital so that they can introduce an all-new market good or service that will either exceed what …more…

Komal Sri-Kumar: Why Does Fed Want To Lower Rates?

07/20/24 09:07AM - More Signs of Economic Strength Over Past Week. SriKonomics has previously discussed the path that Federal Reserve Chairman Jerome Powell and his senior colleagues have followed in providing "Forward Guidance" to markets. The Chairman, …more…

Matthew Skrod: New Jersey’s Trains Are Late, and NJ Transit Billions Short

07/19/24 05:14PM - Fares rise as service gets worse, and Covid aid from Washington only delayed the inevitable reckoning. For the thousands of New Jerseyans who commute daily into New York City on the trains of NJ Transit, a recent spate of major disruptions …more…

George Leef: Once Again, ‘Experts’ Ride to Biden’s Rescue

07/19/24 09:09AM - Remember the 51 "national-security experts" who declared without any hesitation that the Hunter Biden laptop had to be Russian disinformation meant to hurt poor Joe Biden? We now have a replay of that, but with 16 Nobel Prize winning …more…

Mickey Levy: A Comparison of the Biden and Trump Economic Platforms

07/19/24 06:00AM - This brief provides a side-by-side comparison of the economic platforms of President Biden and former President Trump. It considers policy proposals on taxes and spending, tariffs, regulations, immigration, climate, energy, and considers …more…

Paul Vallas: Chicago Needs a Public Safety Act

07/18/24 03:03PM - How the crime-plagued city could use a local ordinance to bypass radical state officials and reclaim its streets. Chicago is once again breaking its own records, reaching a six-year high in violent crime in 2023. The city also led the nation …more…

Economic Results
Treasury International Capital Data for May 2024

07/18/24 04:00PM - The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2024. The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net …more…

U.S. Leading Economic Index decreased by 0.2% in June 2024

07/18/24 10:00AM - The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.2 percent in June 2024 to 101.1 (2016=100), following a decline of 0.4 percent (upwardly revised) in May. Over the first half of 2024, the LEI fell by 1.9 percent, …more…

Weekly Initial Unemployment Claims Increase 20,000 to 243,000

07/18/24 08:30AM - In the week ending July 13, the advance figure for seasonally adjusted initial claims was 243,000, an increase of 20,000
from the previous week's revised level. The previous week's level was revised up by 1,000 from 222,000 to 223,000. …more…

Philadelphia Fed Mfg Outlook Activity expanded overall in July 2024

07/18/24 08:30AM - Manufacturing activity in the region expanded overall, according to the firms responding to the July Manufacturing Business Outlook Survey. The survey's indicator for general activity rose, and the indexes for shipments and new orders …more…

Beige Book: Economic Activity maintained a slight to modest pace of growth

07/17/24 02:00PM - Overall Economic Activity

Economic activity maintained a slight to modest pace of growth in a majority of Districts this reporting cycle. However, while seven Districts reported some level of increase …more…

May 2024 Industrial Production rose 0.6%, Capacity Utilization moved up to 78.8%

07/17/24 09:15AM - Industrial production rose 0.6 percent in June after advancing 0.9 percent in May. For the second quarter as a whole, industrial production increased at an annual rate of 4.3 percent. Manufacturing output moved up 0.4 percent in June and rose …more…

June 2024 Housing Starts Increased 3.0%, Permits up 3.4%

07/17/24 08:30AM - Building Permits
Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,446,000. This is 3.4 percent above the revised May rate of 1,399,000, but is 3.1 percent below the June 2023 rate …more…