Let’s fully deregulate the airline industry

Let’s fully deregulate the airline industry

By Stephan F. Gohmann / Mises Wire While flying recently I decided to look at the price of plane tickets in Europe compared to the United States. For example, a non-stop flight of about 900 miles from Dusseldorf to Madrid costs on Expedia $125 and takes 2 hours and 45 minutes. A similar distance in the […]

More solar jobs is a curse, not a blessing

More solar jobs is a curse, not a blessing

By Paul Driessen / Mises Wire Citing U.S. Department of Energy data, the New York Times recently reported that the solar industry employs far more Americans than wind or coal: 374,000 in solar versus 100,000 in wind and 160,000 in coal mining and coal-fired power generation. Only the natural gas sector employs more people: 398,000 workers […]

Investigating curious anomalies in GDPNow and Nowcast GDP estimates

Investigating curious anomalies in GDPNow and Nowcast GDP estimates

By Mike “Mish” Shedlock As of last Friday, the Atlanta Fed GDFPNow model for the second-quarter GDP stood at 3.4%. In contrast, the FRBNY Nowcast report was 2.2%. This is yet another large gap, albeit smaller than the ones we saw for the first quarter. What’s more interesting is some of the recent gyrations. What’s […]

Chicago cabbies say industry is teetering toward collapse

Chicago cabbies say industry is teetering toward collapse

From Freedom’s Phoenix Operators of the nation’s second-biggest taxi fleet are now accelerating toward their long-rumored extinction, edging towards becoming virtual dinosaurs in the era of ride-sharing monsters Uber and Lyft. Cabbies have long grumbled that the sky is falling as they lose ground to ride-sharing companies. Now, cabbies in Chicago are pointing to new […]

HHS: Arizona health insurance premiums almost tripled since 2013

HHS: Arizona health insurance premiums almost tripled since 2013

By Joe Gilmore / Cronkite News WASHINGTON – Health insurance premiums nearly tripled in Arizona between 2013 and 2017, the fourth-biggest increase among the 39 states that participated in healthcare.gov, according to new data from the Department of Health and Human Services. Arizona’s 190 percent increase meant a monthly premium increase of about $400 to a […]

Robert Shiller is shilling for the state

Robert Shiller is shilling for the state

By Mark Thornton / Mises Wire Nobel prize winning economist Robert Shiller recently revisited the Housing Bubble in an article published in the New York Times (“How Tales of ‘Flippers’ Led to a Housing Bubble,” May 18, 2017). He is troubled by the lack of consensus on what caused the bubble-bust that left the world […]

Spring housing flop: Existing home sales decline 2.3 percent, inventory issues persist

Spring housing flop: Existing home sales decline 2.3 percent, inventory issues persist

By Mike “Mish” Shedlock The widely expected Spring housing acceleration has turned into a big flop. Yesterday, the Census Bureau reported new home sales declined 11.4% in April. Today, the National  Association of Realtors (NAR) reports existing home sales declined 2.3%. The Econoday consensus estimate for existing home sales was 5.650 million seasonally adjusted annualized […]

Wine, art, and Ferraris: The bubble in luxury goods

Wine, art, and Ferraris: The bubble in luxury goods

By Mark Thornton / Mises Wire The Bernanke-Yellen bubble is impacting many sectors of the economy. Agriculture land, motor vehicles and auto loans, banking, bonds, contemporary art, corporate stocks, higher education and student loans, mergers and acquisitions, ocean shipping and cruise lines, social media, technology, housing, real estate, and land markets have been noticeably affected. […]

Fed Reports Unexpected Collapse In Credit Card, Auto Loan Demand

Fed Reports Unexpected Collapse In Credit Card, Auto Loan Demand

From Freedom’s Phoenix … we were looking forward to the latest Fed Senior Loan officer survey for more details about changing loan dynamics within US society. What the report revealed was troubling: while on the surface, the Loan Officer Survey characterized loans to businesses as “basically unchanged” from the previous survey, it did remark that standards for […]