Inflation is Back on Target
After more than two years of high inflation, the Federal Reserve finally has inflation back on target. The Personal Consumption Expenditures Price Index (PCEPI) has grown at a continuously compounding annual rate of 2.1 percent over the last three months, new data from the Bureau of Economic Analysis shows. Bond markets are pricing in roughly […]
Germany’s economic model is sputtering. So are its banks
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Germany’s economic model is known for close relations between bosses and unions; the Mittelstand, the country’s world-leading manufacturing firms; and the political system’s federalism, which spreads prosperity widely. Another ingredient is less renowned but no […]
Europe’s economy looks to be heading for trouble
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Europe’s summer was a strange mixture of heavy rainfall and wildfires. The continent’s economy was also plagued by extremes. Inflation remained hot: prices rose by 5.3% in August compared with a year earlier. And officials […]
How will politicians escape enormous public debts?
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. The world’s public finances look increasingly precarious. In the year to July America’s federal government borrowed $2.3trn, or 8.6% of GDP—the sort of deficit usually seen during economic catastrophes. By 2025 five of the G7 […]
Ukraine Desperate To Start World War III
The Ukrainians carried out a mass attack with 20 kamikaze drones against the Pskov air base 700 km from the border with Ukraine and 30 km from Estonia. The drones hit an airport near Russia’s border with Estonia and Latvia, causing a huge blaze and damaging four Il-76 military transport planes, which can carry heavy […]
Who really owns the United States?
Nowadays, it is common, when introducing an event, to say something along the lines of: “We are grateful to the XYZ Indian Tribe for allowing us to hold this gathering on what is really their land.” Universities, bastions of the left, have been particularly intent upon engaging in this practice. For example, Northwestern University offered […]
How can American house prices still be rising?
Homeownership regularly nears the top of surveys about what Americans most want in life. Alas, this part of the American dream has rarely been harder to attain. Those looking to enter the property market face a triple whammy of high prices, costly mortgages and limited choice. Together these factors have conspired to make housing deeply […]
