Headlines

“Single-family housing starts and permits fell again in October as demand continued to weaken. Plunging homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes

“Weekly initial claims fell, and the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes

For absolute monarchs, John Locke was “the most dangerous man in the world,” as I explained in a recent article.

"Income, corporation, and capital-gains taxes are taxes on the general welfare. Also harmful to the public welfare are protective tariffs and similar restrictions on how people may peacefully spend their own money."…

"Workers compete with one another for jobs, but firms compete with one another for workers. When people are allowed to compete, one’s folly becomes another’s opportunity." ~ Art Carden

Although the results of the 2022 election are not yet fully in as of this writing, now that the Democratic Party has seemingly withstood the obliteration predicted for them by most prognosticators, it behooves us to ask…

“Industrial-sector output fell in October though motor vehicle production rose. Elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes

“Retail spending was strong in October, but the recent inflation-adjusted trend remains weak. Threats to the economy remain significant, and risks remain elevated. Caution is warranted.” ~ Robert Hughes

"Although some elections remain to be called, the overall picture is clear. American voters did not clearly repudiate the illiberal, progressive collectivist policies adopted at the state and national levels since March…

"The stark reality is that 'forgiving student debt' really means forcing people who didn’t go to college to pay for those who did, and forcing people who scrimped and saved for college to pay for those who…