Articles

Following the cataclysmic drop in new home sales, notably weak PMIs, and ugly Richmond Fed data, reality is starting to bite this morning as 'real' economic data confirms the apparent collapse in ad-spend that Snap's warning signals. Read More.

The record-high national average for a gallon of regular gas is $4.56, and is much higher in some states Read More.

White House: Tapping diesel reserve may not reduce prices, but could help to prevent spot outages Read More.

Citing estimates from JPMorgan, over the weekend Bloomberg wrote that courtesy of a Biden administration terrified of what soaring inflation will mean for the Democrats in the midterms, and a Fed that is determine to do anything - even crash the market and spark a recession - to do Joe Biden's "kill inflation" bidding, the US faces a new scary threat: a plunge in wealth which JPM estimates at least $5 trillion, and could reach $9 trillion by year-end. Read More.

The Grassroots Corner - Week Beginning 5/23/22: “ HOSTILE ARGUMENT: THE FAIRTAX WILL HURT STATE AND LOCAL GOVERNMENTS THAT ISSUE BONDS” Read More.

Gas prices reached $4.59 on Friday. This was a new all-time record high for gas prices in America. It was the 11th straight day of all-time record high gas prices. Read More.

In this administration, it’s always someone else’s fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Trump’s tax cuts. Then Putin. Then meatpackers and the poultry industry, Big Oil, and pharmaceutical companies. Read More.

"The Tax Foundation Is Advocating Sales Tax!" - The Surprising Regressivity of Grocery Tax Exemptions is the title of a study written by Jared Walczak for the Tax Foundation.  Here are some of the findings: Read More.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.49% from 5.53% Read More.

Economists call for more aggressive stimulus; slowdown is worst since the initial Covid-19 outbreak in 2020 Read More.

Gas hit $4.47 per gallon, diesel $5.56 per AAA, record prices Read More.

The Grassroots Corner - Week Beginning 5/16/22: “Friendly Competition Revisited” Read More.

"Harris Poll On Taxation—Frustration And Distrust" - Unlike property taxes and sales taxes which are assessed by government, the federal income tax is calculated by American taxpayers.  Read More.

The typical US worker is worse off today than then they were a year ago due to inflation Read More.

Here’s a hint: No New York or California cities made the Penske list of ’10 Moving Destinations for 2021,’ but plenty of Southern cities did. Read More.