Existing Home Sales Drop Slightly But Median Price Hits New Record
Tyler Mitchell Existing-home sales declined 0.7 percent in May. It was the 22nd decline in 28 months. But the median…
Trump’s Plan to Replace the Income Tax with Tariffs is Economic Nonsense
Trump and Biden are each their own worst enemy. This post is about Trump’s latest tariff gaffe. But…
Debt Brakes and Treaty Requirements About to Smash the EU
The EU has launched an Excessive Debt Proceeding against France. It won’t stop there. Debt Proceedings Please note…
Housing Starts and Permits Drop to the Lowest Level in Four Years
Hoot of the day: The Bloomberg Econoday consensus had housing starts and permits both rising. Several charts show…
Are We Building Enough Housing, In the Right Places? Too Much?
If we are not building enough units to handle population growth including illegal immigrants, we are going to…
Breadsticks at Olive Garden Highlight Financial Strain on America’s Middle Class
A friend emailed a link regarding Olive Garden traffic and sales. I created a new chart that agrees.…
Why Angry Renters Will Decide the Election, Take II
Economists say wages are now rising faster than the CPI. That’s not true for those who rent or…
NAHB Wells Fargo Housing Market Index (HMI) Continues to Slide
The National Association of Homebuilders HMI index struggles to gain any lasting positive momentum. Traffic from potential buyers…
A New High-Rise Building Will House the LA Homeless in $600,000 Units
A grand opening of Weingart Tower will have 278 units to shelter the homeless. Hooray!? Image courtesy of…
Retail Sales Were Very Weak in May Counting Negative Revisions
If someone tell you the consumer is strong, please have them read this post. The strong consumer is…