“I am feeling very good about that prediction,” Treasury Secretary Janet Yellen told Bloomberg when asked whether the U.S. would avoid a recession while still containing inflation. “I think you’d have to say we’re on a path that looks exactly like that.” Tell that to the 39,000 Americans who filed bankruptcy in August. That number is an 18%
Sam Bankman-Fried (SBF) took a chance by taking the witness stand. Just like he has continually taken chances his entire life thus far. By all accounts he didn’t come off well as normal people would judge him. He is anything but normal on his best day, under cross examination he didn’t have a chance. “He came up with a tale that was conveniently
Federal Reserve Chairman Jerome Powell and his open market committee left the only interest rate they control unchanged on November 1st. Everything is okey dokey, soft landing in process. After the announcement and brief remarks by Mr. Powell the Q & A began with a room full of Fed following financial journalists, er leakers. Beyond the usual
Meredith Whitney told CNBC , “30 percent of young men said they have not had sex in over a year and don’t seem to care.” Half of the young man population isn’t interested in dating and according to Pew Research 63% of young men are single, the highest percentage ever. The “Oracle of Wall Street” didn’t mention this but, according to the
Formula 1 week has finally arrived this week in Las Vegas. After months and months of traffic annoyance for workers commuting to their jobs on the Strip and tourists attempting to walk or Uber from one property to another the end is finally in sight. Once the racing begins, cars will roar down Las Vegas Blvd. (the Strip) weave over to Koval which
Nowhere are memories shorter than in finance and speculation. Yield farming is back in the crypto market, meaning the “ lending of cryptocurrency which gets you interest and sometimes fees, with the kicker being new cryptocurrency is paid on top of the interest. “The real payoff comes if that coin appreciates rapidly. It’s as if banks were luring
The Formula One Heineken Silver Las Vegas Grand Prix is on for next year and scheduled for November 21-23. This despite reporting from SFGate’s screaming headline , “Las Vegas’ biggest event in years was a disaster.” According to The Messenger’s Arash Markazi, “Tickets for Thursday’s practice sessions were selling for around $100 on Wednesday
“That’s not cool. That’s not cool. They’re just being greedy pigs.” The Chiefs-Dolphins wild card playoff game is only being shown on Peacock, NBCUniversal Media Corp’s streaming service, and that was the reaction of the former Round Mound of Rebound and current professional pontificator Charles Barkley when he called in to @Balltalksource. “They”
David Rosenberg tweeted a graph of the plunging Baltic Dry Index with the comment, “Is there a more deflationary chart than the Baltic Dry Index of global freight rates?” Perhaps, or there is the New York Times business headline, “ Some Central Banks Have Gold Fever, and It Might Be Sensible .” However, central banks are notoriously bad in timing
Sales of Class 8 trucks (18-wheelers) hit the ditch in January, with orders down 58 percent from a year ago hitting a level not seen since October 2016, near the end of the transportation recession, “when Class-8 truck orders had plunged to the lowest levels since 2009, and truck and engine manufacturers responded with layoffs,” writes Wolf
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.