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How Much Worse Can the Economy Get?

How Much Worse Can the Economy Get?

The most important question for asset prices right now, from stocks to houses to Bitcoin, is whether we’re due for a recession. Last week we got confirmation that according to the traditional definition of a recession—two quarters of negative growth—we are already in...

Inflation Hits 40-Year High at 9.1%

Inflation Hits 40-Year High at 9.1%

The U.S. Bureau of Labor statistics released new Consumer Price Index inflation estimates this morning, and the official numbers for June 2022 show that price inflation has risen to 9.1 percent year over year. That's the biggest number since November 1981, when the...

Top Gun: Maverick and Participatory Propaganda

Top Gun: Maverick and Participatory Propaganda

Top Gun: Maverick is a brilliant film. Any film that can elicit the praise of Ben Shapiro, Willie Geist and Russell Brand, receive a five-minute standing ovation at the Cannes Film Festival and make over $1 billion is, as the Stalinists would say, “objectively”...

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