Daily Economy
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ISM Services Index Remained Strong in December
“The services sector expanded again in December, but renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes
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Light-Vehicle Sales Ticked Up in December
“Light-vehicle sales rose in December but stayed at the lower end of the historical range.” – Robert Hughes
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Initial Claims for Unemployment Benefits Are Trending Flat at a High Level
“Initial claims for unemployment benefits remain stubbornly high and renewed government restrictions remain a threat to recovery.” – Robert Hughes
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Dry Tinder at the Fed
“A more significant stash of dry tinder lurks in the Federal Reserve computers (hat tip: Cathie Wood). I refer to the reserves that commercial banks hold in their accounts at the Fed. At one time, they were required to hold balances equal to 10% of their demand deposit liabilities and were free to hold more—excess…
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New Study Links Lockdowns to Potential Long-Term Increases In Excess Deaths
“Regardless of your position on lockdowns, addressing the economic damage these policies have created is just as important to preventing excess death as containing the virus. Failing to heed this lesson will simply be fighting one disease by creating another.” ~ Ethan Yang
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The Charge of Treason and the Danger to Democracy
“The surest recipe for curtailing political vitriol is to reduce political power so elections will no longer be demolition derbies that doom losing sides. And if presidents and members of Congress choose to openly scorn their oaths of office and constitutional constraints on their power – well, many Americans would consider that to be treason.”…
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What’s Up with the Great Reset?
“At some point, it’s not unreasonable to observe that this is no longer about public health. It’s about a new political vision, one hatched by a private few in order to rule over the many. It is unlikely to be shared by most people, thus setting up what is likely to be an epic battle…
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Bitcoin’s Impressive Year in Perspective
“No matter what your opinion is on bitcoin, its financial returns are no longer astronomical. Plenty of upstarts, small caps, established companies and even other cryptocurrencies posted that kind of return in the strange financial year that was 2020. Welcome back to the lower troposphere, bitcoiners ‒ or as the rest of us call it:…
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The West Is Responsible for Its Self-Destruction
“If we want to maintain our republic, and Western society as a whole, we need to remember the principles that we stand for, and reject the dictates coming down from maniacal politicians and bureaucrats who seek to slowly chip away at our individual liberties.” ~ Jordan Schachtel
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•
Manufacturing Sector Ends Year on a Strong Note
“The ISM Manufacturing survey strengthened in December, suggesting continuing recovery from government lockdowns, though Covid-19 and labor shortages remain challenges.” – Robert Hughes
-
•
ISM Services Index Remained Strong in December
“The services sector expanded again in December, but renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes
-
•
Light-Vehicle Sales Ticked Up in December
“Light-vehicle sales rose in December but stayed at the lower end of the historical range.” – Robert Hughes
-
•
Initial Claims for Unemployment Benefits Are Trending Flat at a High Level
“Initial claims for unemployment benefits remain stubbornly high and renewed government restrictions remain a threat to recovery.” – Robert Hughes
-
•
Dry Tinder at the Fed
“A more significant stash of dry tinder lurks in the Federal Reserve computers (hat tip: Cathie Wood). I refer to the reserves that commercial banks hold in their accounts at the Fed. At one time, they were required to hold balances equal to 10% of their demand deposit liabilities and were free to hold more—excess…
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•
New Study Links Lockdowns to Potential Long-Term Increases In Excess Deaths
“Regardless of your position on lockdowns, addressing the economic damage these policies have created is just as important to preventing excess death as containing the virus. Failing to heed this lesson will simply be fighting one disease by creating another.” ~ Ethan Yang
-
•
The Charge of Treason and the Danger to Democracy
“The surest recipe for curtailing political vitriol is to reduce political power so elections will no longer be demolition derbies that doom losing sides. And if presidents and members of Congress choose to openly scorn their oaths of office and constitutional constraints on their power – well, many Americans would consider that to be treason.”…
-
•
What’s Up with the Great Reset?
“At some point, it’s not unreasonable to observe that this is no longer about public health. It’s about a new political vision, one hatched by a private few in order to rule over the many. It is unlikely to be shared by most people, thus setting up what is likely to be an epic battle…
-
•
Bitcoin’s Impressive Year in Perspective
“No matter what your opinion is on bitcoin, its financial returns are no longer astronomical. Plenty of upstarts, small caps, established companies and even other cryptocurrencies posted that kind of return in the strange financial year that was 2020. Welcome back to the lower troposphere, bitcoiners ‒ or as the rest of us call it:…
-
•
The West Is Responsible for Its Self-Destruction
“If we want to maintain our republic, and Western society as a whole, we need to remember the principles that we stand for, and reject the dictates coming down from maniacal politicians and bureaucrats who seek to slowly chip away at our individual liberties.” ~ Jordan Schachtel
-
•
Manufacturing Sector Ends Year on a Strong Note
“The ISM Manufacturing survey strengthened in December, suggesting continuing recovery from government lockdowns, though Covid-19 and labor shortages remain challenges.” – Robert Hughes