Headlines

"The question of whether the government could tax the defendants' unrealized gains — a common device in what are often called 'wealth taxes' — seemed to be teed up. But Justice Brett Kavanaugh, who wrote…

"People have continued to move away from California and to Idaho, but the main drivers have probably been less the affordability of housing and more the higher quality of life and better economic opportunities in…

"Interest rates tell us monetary policy is very tight. The money supply tells us monetary policy is somewhat tight. Will the Fed interpret recent data as a signal it’s time to pivot?" ~Alexander W. Salter

"Politicians in 2024, however, embrace a very different principle: the necessity of government intervention in private affairs. Regardless of the party or the candidates, the automatic answer seems to be bigger and, most…

"Not that long ago, the real rate on Treasury bills was negative. The real rate on Treasury securities is temporarily high due to the Federal Reserve’s policy goal of lowering the inflation rate." ~Gerald P. Dwyer

"In June, US inflation slowed to its lowest rate since 2021 primarily due to a significant deceleration in housing costs. June data bolsters the likelihood of rate cuts, potentially beginning in September." ~Peter C. Earle