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BLS’ Housing Inflation Measure Is Hypothetical Bull***t Authored by Michael Lebowitz via RealInvestmentAdvice.com, There is a problem with the BLS’ housing inflation measure; it’s hypothetical “Bull****.” The Case, Shiller 20-city House Price Index, is up 19.1% year over year. The only period with a somewhat comparable increase was in 2005 when it rose 14.9%. Per Apartment List’s
Peter Schiff: Jerome Powell Rewrites Inflation History Via SchiffGold.com, During his Jackson Hole speech, Federal Reserve Chairman Jerome Powell rewrote the history of inflation. In this clip from his podcast, Peter Schiff unravels the yarn that Powell spun. In a nutshell, Powell claimed prior Fed policymakers mistakenly moved too fast to address inflation that turned out
Crowds cheered as a piece of history was dismantled in Richmond on Wednesday as a statue of Robert E. Lee was taken down.
The Democratic Party is rolling out its left-wing big guns to support Gov. Gavin Newsom in the recall election scheduled for Sept. 14.
It seems that so many people have moved on over the past 20 years, but we must never forget!
El Salvador’s conversion into the first Bitcoin economy in the world has seen a rocky first 48 hours. Over the weekend a number of protests took place. On September 7th, the day of the actual switch from the US dollar to Bitcoin, the government-selected wallet’s network crashed. And although not necessarily signifying anything, the optics
The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy rose to 10.934 million in July, up from 10.185 million in June, and another new record high. The number of open positions in the private sector increased to 9.881 million in
The headline numbers appear strong. The official unemployment rate fell to 5.2 percent. Another 225,000 new jobs were created, the 16th month of net increase in non-farm payrolls since the shutdown of the economy. But, the news is not as good as the headline figures suggest. There are some demographic imbalances that warrant attention. First,
To our 9/11 generation of veterans: Thank you for hearing your nation’s call to service and keeping us safe. We didn’t forget you.