Tag Archives: economics

We’re all fine, here, now. How are you?

We’re all fine, here, now. How are you? Germany slashes 2024 growth forecast to just 0.2% as economy in ‘tricky waters,’ minister says And closer to home: First-time buyers ‘rate-locked’ out of housing market: NAHB CEO. LUKE, WE’RE GONNA HAVE … Continue reading

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Depression is when you lose our job, recession is when your neighbor loses his

Depression is when you lose our job, recession is when your neighbor loses his: Nike to cut about 2% jobs to lower costs as demand weakens. And recovery begins when Biden loses his.

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“Complicates” here is a weasel word

“Complicates” here is a weasel word. Those who have been paying attention understand there’s nothing complicated about prices rising because of excess dollars flowing through the system: January’s Surprising PPI Hike Complicates Inflation Outlook. Stripping out food and energy costs, … Continue reading

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Everything’s under control, situation normal

Everything’s under control, situation normal: US retail sales fall sharply in January; weekly jobless claims decline First comments from the Biden (mal)administration on the situation:

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Damnit, he did the thing that’s entirely predictable given our tax policy!

Damnit, he did the thing that’s entirely predictable given our tax policy! Jeff Bezos’ move to Miami shows just how hard it is to tax the rich. That is the physique of a man who sells whatever the fsck he … Continue reading

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Economics Shot, Chaser, Hangover, Hair of the Dog

Shot: Fed’s Goolsbee: Don’t get amped up over a single hot inflation print Since Goolsbee isn’t an Austrian schooler, it should come as no surprise that he doesn’t understand the relation between interest rates and inflation in a fiat-based system … Continue reading

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Surprising exactly zero Austrian-school economists

Surprising exactly zero Austrian-school economists: Inflation: Consumer prices rise 3.1% in January, defying forecasts for a faster slowdown. The Consumer Price Index (CPI) rose 0.3% over last month and 3.1% over the prior year in January, slightly higher than December’s … Continue reading

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Trending badly: Interest on national debt to become second largest government expenditure in ’24: Watchdog says

Trending badly: Interest on national debt to become second largest government expenditure in ’24: Watchdog says. Only a fool would think our political class has the self-control to reverse this trend.

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