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Margin Debt Unwinds Further amid Massacre of High-Flying Stocks and Forced Selling
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter Margin debt issued warnings starting in early 2021 that the Big S would hit the fan. Folks blew it off. Editors” Note: Wolf Richter makes a brief point about “securities-based lending” (SBL) that deserves some additional commentary. This has been all the craze at major brokerage houses, which encourage both advisors and […]
Social Security’s Unfunded Obligations Getting Worse
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Rachel Greszler Our Social Security program is running dry. Policymakers have no plan to fix it, and generations of Americans have been duped into believing it’s a good deal. Social Security was established to prevent older Americans from living in poverty once they’re unable to work, but the program’s unchecked expansions have made that […]
Sorry Libs, You Can’t Replace Dads With Government
/in Economy, Education, Featured, Healthcare, Liberty, Life Advocacy, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Kevin Roberts It’s been said that America can always be counted on to do the right thing, once we have exhausted all the other alternatives. As of Father’s Day 2022, America has spent about 60 years exhausting the alternatives to fatherhood — and the collateral damage is all around us. Broken families. Gutted communities. […]
No, Putin Didn’t Cause Inflation
/in Economy, Featured, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Peter C. Earle The May 2022 Consumer Price Index (CPI) release was worse than virtually any forecast predicted. The year-over-year CPI came in at 8.6 percent, not only higher than expected but notching a new four-decade high. The month-over-month CPI (April to May) also came in higher than expected: 1 percent versus 0.7 percent surveyed. Today’s […]
Even When There Is Inflation, the Fed STILL Fights Falling Prices
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Brendan Brown Under any remotely sound money regime, the aftermath of war and/or pandemic is highly likely to feature a sharp decline in the prices of goods and services on average. Even under unsound money regimes, there are powerful forces operating towards lower prices once the war/pandemic recedes. Strong injections of monetary inflation, however, […]
Biden and Powell Are in Denial—A Recession Is Indeed ‘Inevitable’
/in DrRichSwier.com, Economy, Elections, Featured, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) And they are the ones who made it so. On Wednesday, the Federal Reserve announced that it will “raise” interest rates faster than previously planned in order to “fight” worsening inflation. In a press conference, Fed Chairman Jerome Powell tried to assure investors and the public that the Fed […]
Company Contrast: Pennington
/in DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy 2ndvote .com Each week 2ndVote takes a look at popular companies that either score well or score poorly and then try to provide alternatives that either better align with the 2ndVote values or should be avoided to the best of your ability. This series is called The Company Contrast, and the companies we will […]
And A Bear Came to Wall Street
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel The last time we provided you with market commentary was in late May. You might recall, that our position since last summer was that when the Fed took action to constrain inflation, all the markets that had been elevated by easy money policies and zero interest rates would face a challenge. The […]
Read This Book To Counter The Hopeless Lies Of ‘1619 Project’ Racial Determinists
/in Economy, Education, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Casey Chalk ‘The State of Black America’ offers a much needed corrective to the cynical (and false) thinking peddled by people like Nikole Hannah-Jones. In an op-ed for The Washington Post last month entitled “For African Americans tired of U.S. hostility, Ghana is still calling,” columnist Karen Attiah discusses the trend of African Americans moving to […]
Why the Fed Raising Rates Means the National Debt is Going to Become An Even Bigger Problem
/in DrRichSwier.com, Economy, Elections, Politics, Taxes /by DrRichSwier.comBy Foundation for Economic Education (FEE) The time bomb on our national debt will start counting down even faster. With price inflation continuing to surge unchecked, America’s central bank, the Federal Reserve, is trying to raise interest rates in hopes of stopping the bleeding. Fed Chair Jerome Powell just announced the most aggressive incremental rate increase seen […]
Here’s How Gas Prices Rank Around the Country
/in Economy, Environment, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Casey Harper Gas prices have hit record highs day after day in recent weeks, breaking the $5 mark over the weekend for the first time ever. Those higher prices have put many Americans in a bind as they also deal with the highest inflation in decades. The national average price for a gallon of […]
EXPOSED: 10 of Joe Biden’s LIES About U.S. Economy
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy The Geller Report Unchallenged by the corrupt and complicit media, here is a list debunking Joe’s latest bald faced lies. Debunking 10 of Joe Biden’s lies about the state of the US economy By: James Bovard, NY Post, June 15, 2022 “Inflation is the bane of our existence,” President Biden lamented last week to talk show […]
A House Divided – An Open Letter to a Democrat
/in Economy, Education, Featured, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Mark T. Cicero We are a nation divided today: split into political divisions, Democrat, Republican, Socialist, Progressive; into racial divisions: black, white, Asian, Hispanic; into cultural and sexual divisions: straight, gay, lesbian, transexual, etc. Our entire country’s fabric is being torn asunder as these separate ‘tribes’ are set against one another. In Chapter 3 of the […]
Davos Reminds: Other Countries Aren’t Committing Economic Suicide For Climate Change
/in Economy, Environment, Featured, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Seton Motley In very many WEFs past, lots of countries have made lots of climate change pledges and promises. They then moved on as if they never said anything – and kept doing what they had always been doing. “One-third of the roughly 270 WEF panel discussions in Davos will focus on climate change […]
Oil Companies Unload On Biden After His Thinly-Veiled Threats
/in Economy, Environment, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Thomas Catenacci Oil companies responded in force after President Joe Biden threatened executive action over U.S. refinery capacity declines. “Following on your campaign promise to ‘end fossil fuel,’ consider just some of the policy and investment signals being sent by various federal agencies and allied state governments to the market about our refining industry,” […]
Why Expand Your Business If the Government Will Soon Close It Down?
/in Economy, Environment, Featured, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel Progressives seem to be confused about inflation. Inflation is an increase in the supply of money and credit at a rate faster than the rise in the production of goods and services. It is monetary on the one hand and a supply issue on the other. Therefore, the solution lies in restricting […]
More Alarming Inflation Data Undercut the Progressive ‘Greedflation’ Narrative
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) Companies haven’t jacked up prices to even fully match the increase in their costs, let alone exceed them. Another day, another disturbing price inflation metric. The federal government just released the latest Producer Price Index (PPI), an index that tracks the prices of a basket of the typical inputs businesses rely on, like […]
19 Nuggets of Wisdom from the Best Economics Writer You’ve Never Heard Of
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) Americans would do well to make up the deficit in their knowledge of the works of Arthur Seldon and his “life for liberty.” May 29 marks the birth of Arthur Seldon. While too-little known to American readers, he was editorial director of the London-based Institute of Economic Affairs for […]
A Time for Reckoning
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Antony Davis Consumer prices are up almost nine percent from where they were a year ago. For the median U.S. household, that’s equivalent to an almost $6,000 pay cut. Politicians have blamed corporate greed, the Ukraine war, and the supply chain because they are keen to get voters to latch on to any explanation as long as it […]
There Ain’t No Such Thing as a Cost-Plus Lunch! Who’s really to blame for rising prices?
/in DrRichSwier.com, Economy, Politics, Taxes /by DrRichSwier.comBy Foundation for Economic Education (FEE) A group of friends had just finished a meal at Romano’s Macaroni Grill in Honolulu when one of them noticed something odd about the check. As a local television news station reported in April, a “Temporary Inflation Fee” of $2.00 was nestled inconspicuously between the $4.50 Flavored Tea and […]
FINANCIAL CRISIS: Dow Plunges Another 1,000 Points After Friday’s Bloodbath
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy The Geller Report On Friday, the stock market tanked 800 POINTS. Today 900 points. The media may ignore this catastrophe but wiping out the lifesavings of average Americans, impoverishing Americans won’t wash. Americans who haven’t been paying attention will become ….. activated and operative. Inflation Hits 40 Year High The average NASDAQ stock is down […]
AIER’s Everyday Price Index Rises a Record 12.8 Percent Over the Last 12 Months
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Robert Hughes Editors’ Note: There are different ways to calculate inflation. Unfortunately, the government tends to dominate the field with its CPI or Consumer Price Index. But the government is often not an unbiased observer. For one thing, the government changes its methodology from time to time, making historic comparisons challenging. Government historically causes […]
Backup Battery Cost Fantasies Abound
/in DrRichSwier.com, Economy, Energy, Environment, Politics, Science /by DrRichSwier.comBy Committee For A Constructive Tomorrow The only technologically feasible way to make renewables reliable at in the foreseeable future is with massive amounts of grid scale batteries. Whether this is even remotely feasible depends on the cost and here things get truly strange. On the one hand we have real utility reports of the […]
List of 95 U.S.-Based Food Manufacturing Plants Destroyed Under Biden Administration
/in DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy The Geller Report More bombshell news the media censors ….Food shortages planned …. so sinister. Here is the Updated List of US-Based Food Manufacturing Plants Destroyed Under Biden Administration By Jim Hoft The Gateway Pundit, June 11, 2022: Joe Biden’s ‘Build Back Better’ is not working as planned, or is it? Gas prices are at record […]
How “A Bug’s Life” Revealed the Immorality of Socialism
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) There is no ethical or moral reason why somebody should work tirelessly to support a bunch of bureaucrats, and the 1998 Pixar hit seems to grasp this. If you haven’t seen A Bug’s Life, I assure you that you have missed one of the best movies ever. Indeed, that animated […]
Could Chile Turn Its Back on Freedom?
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Ken Veit Editors’ Note: Chile is a beautiful country, as is the United States of America. This article is clearly about America as much as it is about the potential loss of liberty and a far leftist takeover in Chile. The parallels are stunning with actors like Elizabeth Warren, Bernie Sanders and the radical […]
Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter Refinance mortgage applications collapsed to the lowest since the year 2000 This just keeps getting worse: Applications for mortgages to purchase a home dropped 7% for the week, and were down 21% from a year ago, the Mortgage Bankers Association reported today. An indicator of future home sales: Potential homebuyers try to […]
Housing Bubble Ready to Pop
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter Mortgage applications to purchase a home drop to lockdown lows. “Bad Time to Buy” hits record amid sky-high prices, spiking mortgage rates. refinance mortgage applications collapsed to the lowest since the year 2000. This just keeps getting worse: Applications for mortgages to purchase a home dropped 7% for the week, and were […]
World Bank Sees Stagflation for Several Years
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel After both the Federal Reserve and the Biden Administration suggested that inflation, was “transitory”, inflation has gotten much worse and is now embedded in much of the price structure. The Biden Administration denies any role in causing inflation by spending hugely, gunning the money supply, and restricting energy output. Instead, it tends […]
What are ESG Scores?
/in Economy, Environment, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel And why are so many advocates of liberty deeply concerned about them? Klaus Schwab and a growing list of powerful global economic and political elites, including BlackRock CEO Larry Fink and President Joe Biden, have recently committed to a global “reset” of the prevailing school of economic thought. They seek to supplant […]