Sunday , 21 July 2019

Finance

First-Time Homebuyers Share Of The Market Plummets To 33% Even As Prices Slump

It’s no secret that younger Americans, particularly those who are members of the millennial generation who are weighed down by debt (not to mention their affinity for expensive Starbucks’ beverages and avocado toast), are in no shape to buy a home  – at least not yet. And in a recent study by Point2Homes, the researchers lay out all of the ... Read More »

The Burden Of Government Debt And James Buchanan’s Corrective

Authored by Donald Boudreaux via The American Institute for Economic Research, Who bears the burden of government indebtedness? Prior to the Keynesian revolution in the mid-20th century, most economists understood that the burden of government (or “public”) debt falls on those citizens who, in the future, must repay the debt. The funds for such repayment can come in the future ... Read More »

Goldman Read 4,000 Conference Call Transcripts… Here’s What It Found

US corporate profits hit an all time high in the first quarter of 2019, but contrary to conventional wisdom, this did not inspire American companies with confidence; on the contrary, business sentiment has been steadily declining over the past year according to business activity surveys and the ISMs. In an attempt to figure out what has changed, Goldman analysts constructed ... Read More »

What Would A Free Society Actually Look Like?

Authored by Laurence Vance via The Future of Freedom Foundationm, It is a common occurrence at sporting events. Someone is singing the U.S. national anthem — “The Star-Spangled Banner” — and when he gets to the last line of the first verse (although the song has four verses, the first verse is the only one that is ever sung), the ... Read More »

San Francisco’s Hidden Homeless

Via Political Calculations blog, We came across a news story in the Los Angeles Times about San Francisco’s 2019 Point-In-Time count of its homeless population that caught our attention because it indicated that the total number of homeless counted in San Francisco in January 2019 wasn’t 8,011 as previously reported, but 9,784 after more accurately accounting for the “hidden homeless”. Here’s an excerpt: ... Read More »

‘Activist’ Ackman’s Pershing Square Holdings Now Has An Activist Problem Of Its Own

It’s a story of “activist” versus activist. The publicly traded arm of Pershing Square, Bill Ackman’s Pershing Square Holdings Ltd. in London, is now facing pressure from an activist investor of its own, according to Bloomberg.  Asset Value Investors owns a 3% stake in the London firm and is pushing back against Pershing’s decision to issue $400 million of 20 ... Read More »

Congress To Boost The Minimum Wage (And Teen Joblessness)

Authored by Richard Salsman via The American Institute for Economic Research, Economics 101 teaches us that whenever government policy mandates that a price be paid above the uncoerced, market-clearing (equilibrium) level, the result is a surplus. The labor market is no exception.  A mandatory minimum wage rate, to the extent it’s set above the market-clearing wage rate, causes unemployment. Studies show that ... Read More »

An Unprecedented Market Divergence: Robots Are All In As Humans Flee

Last week, we observed that for stocks, it was once again a return to the most important question of 2019, namely “Why Do Stocks Keep Going Up”, at a time when tumbling bond yields continue to scream a recession is imminent… … when outflows from equity funds have never been greater… … and when inflow to bond funds are the ... Read More »

Allies Resist US Call For Anti-Iran Naval Force, Fearing It Would Worsen Tensions

Authored by Jason Ditz via AntiWar.com, As tensions have continued to rise between the US and Iran, American officials continue to try to court allies to join a naval force to safeguard key shipping lanes off the coast of Iran. So far, they don’t have any takers.  The Trump Administration has been keen to have other nations pay for the defense ... Read More »

El Chapo Arrives At Supermax Prison After ‘Disappearing’ For Two Days

Joaquín “El Chapo” Guzmán, leader of the Sinaloa drug cartel, has arrived at the federal supermax prison in Florence, Colorado to serve out a sentence of life plus 30 years handed down on Wednesday. He was also ordered to pay $12.6 billion in restitution.  For two days, the 62-year-old Guzmán’s whereabouts remained unknown – even to his lawyers, after federal authorities removed him from ... Read More »