As mortgage rates have risen this year, the demand for home purchases has fallen. That has spelled trouble for the home construction business. Homebuilder confidence dropped for the 10th straight month in October. The decline in builder sentiment reflects what...
Download Episode. Scott talks with Mike Swanson about the economic mess we find ourselves in. Swanson helps us understand how we got here and why all the traditional “experts” have been so confused. Swanson argues that what happened in the UK with Liz Truss may...
On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion. As the Anti-Federalist writer Brutus warned: “I can...
According to the establishment survey of employment, released last week by the Bureau of Labor Statistics, total employment increased, month-over-month by 263,000 jobs. The "job market stays strong" reads one CNBC headline, and the new jobs print was hailed as a great...
Download Episode. Scott is joined by Jeff Deist, the President of the Mises Institute, to discuss the bizarre economic moment we are living through. Deist puts into perspective the historic levels of economic stimulus that the Federal Reserve injected into the...
After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing”...
It’s hard not to fall into patterns. While some routines may be for the better, habits develop because they may be easier, comfortable. After weeks, months, or perhaps decades of neglect and self destructive behavior, a cycle can develop because of these bad...
The escalation of tension in Ukraine has reminded us of something many investors seemed to have forgotten: geopolitical risk. Sanctions and the inevitable drop in trade have proven to generate a significant negative impact on the different economies involved. We know...
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