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 […]

Congratulations! BLS says you make 2.33% more than last year: Does that cover the bills?

Congratulations! BLS says you make 2.33% more than last year: Does that cover the bills?

By Mike “Mish” Shedlock Economists keep expecting a big boom in consumer spending. They also expect a huge wage-price spiral. I expect neither. Let’s investigate. Bright Outlook for Consumers? Following the May 5 job’s report, Econoday commented on wages and tight labor conditions. Tight conditions haven’t yet sparked much pressure in average hourly earnings which did […]

Three big red flags for auto sales

Three big red flags for auto sales

By Mike “Mish” Shedlock In March, auto sales unexpectedly declined  5.7%.  Forecasts now suggest April will mark the fourth straight monthly decline in U.S. vehicle sales. Not to worry, Detroit Auto Makers Are Upbeat as Sales Volumes Stall. Industry observers say they don’t expect a collapse in sales, even if demand drifts below record levels […]

If Trump gets his NAFTA review right, it could define his presidency

If Trump gets his NAFTA review right, it could define his presidency

By Sam Rolley / Personal Liberty Digest During a recent interview with the Associated Press, President Donald Trump declared that his administration is working on a plan to renegotiate NAFTA. If the president isn’t satisfied with the new terms of the so-far “disastrous” trade deal, he says its termination is still very much on the […]

Spotlight on Fed’s balance sheet plans

Spotlight on Fed’s balance sheet plans

The Fed has had ample time to reduce its massive $4.5 trillion balance sheet. At the very minimum, the Fed long ago could have stopped reinvesting interest. Instead, the Fed is just now coming to term with a balance sheet strategy. Federal Reserve officials are zeroing in on a strategy to begin winding down their […]