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Category Archives: Economics
Musings on the Nature of Technology
Musings on the Nature of Technology A picture taken during the trip (own photo) Recently I have been on a four-day hiking trip, completing another 80 km (~50 mile) stretch of the 1171 km National Blue Trail running across my tiny country. This gave me plenty of time to tune into and ponder on the many […]
How Powell Destroyed His Inflation War as he Eats the Poor
How Powell Destroyed His Inflation War as he Eats the Poor I’m going to save discussion of today’s CPI report for my Deeper Dive this weekend because it requires digging deep into the numbers involved in the report to show why it is not the game-changer for the new trend in inflation that the stock market made […]
Unsold Tesla’s Pile Up in Mall Parking Lots, Big Discounts Likely
Unsold Tesla’s Pile Up in Mall Parking Lots, Big Discounts Likely Tesla is renting parking lots to store thousands of vehicles. This helps explain the mass layoffs. Tesla Cranking Out Cars, But to Where? Please consider Tesla’s Storing Unsold Inventory In An Abandoned Mall Parking Lot Parking lots full of Tesla vehicles are becoming impossible to […]
VW The Latest Automaker To Step Back From All-Electric Plans To Embrace Hybrids
VW The Latest Automaker To Step Back From All-Electric Plans To Embrace Hybrids Not to be left behind by the rest of the industry, Volkswagen is the latest auto manufacturer to walk back its plans to go all-electric. The move should come as no surprise to Zero Hedge readers, as we have been writing non-stop […]
Electric Vehicle Subsidies as Complex and Costly as Ever
Electric Vehicle Subsidies as Complex and Costly as Ever Electric vehicles (EVs) may be the most subsidized product in America. Federal taxpayers shell out $7,500 every time a new eligible electric vehicle is purchased (usually by wealthy buyers). State and local taxpayers chip in an additional $1,500 for each EV purchase. Then, there’s the tens of billions of dollars “invested” by […]
Producer Price Inflation Has Bottomed and Is Now Heading Back Up
Producer Price Inflation Has Bottomed and Is Now Heading Back Up Producer prices were a bit higher than expected today but negative revisions take that away. Importantly, prices appear to have bottomed. Producer Price Index data from the BLS, chart by Mish The BLS reports the month-over-month PPI for April was 0.5 percent vs the Bloomberg Econoday […]
I’ve Got A Bad Feeling About This
I’ve Got A Bad Feeling About This Ideally, I would have written this on May 4th not 14th, but I am going to talk Star Wars. I was a fan in 1977, kept the flame alive when only battered VHS cassettes of the original trilogy existed, and was delighted to get prequels. Until the opening […]
New Schiff Interview: All Inflation Has One Source
New Schiff Interview: All Inflation Has One Source On Wednesday, Peter appeared on This Week in Mining with Jay Martin. Jay and Peter discuss the state of the economy, the government’s assault on sound money, and why the mining sector constitutes a good investment. Early on in the interview, Peter lays out the dilemma the […]
From Climate Crisis to Polycrisis
From Climate Crisis to Polycrisis Climate change, resource depletion, extreme weapons, AI, and more: Richard Heinberg looks at the individual threats composing the unprecedented convergence of risk leading us to a global polycrisis. Though he finds no easy answers, he concludes that humanity’s collective survival will require setting aside our hubris and coming to terms […]
Money’s Grim Future
Money’s Grim Future Prepare for total control of your economic life. That is the message from Brownstone Fellow Aaron Day at his 4-hour workshop in San Jose, California last Saturday, May 11th. Day has written the excellent book The Final Countdown, which carefully describes the increasingly aggressive assaults on our freedoms by our government and by the global elites. […]
Peter Schiff: Biden Lies Again on Inflation
Peter Schiff: Biden Lies Again on Inflation This week on the Peter Schiff Show, Peter covers a week of dismal economic reports. Both jobless claims and consumer sentiment came in worse than expected last week, with both figures missing predictions by a wide margin. Peter also discusses public statements made by both Joe Biden and Donald Trump on the […]
Walking Away From The Marketplace
Walking Away From The Marketplace The recent sequence of posts here on lenocracy (from Latin leno, a pimp)—that is, the form of political economy in which productive economic activity gets squeezed dry by various kinds of legally mandated pimping—has fielded a response I find interesting. Next to nobody has tried to argue that lenocracy is […]
CPI Up 0.3 Percent With Rent Still Rising Steeply, Food a Bright Spot
CPI Up 0.3 Percent With Rent Still Rising Steeply, Food a Bright Spot Rent rose another 0.4 percent in April. Food and beverages were flat with food at home declining but food away from home rising. CPI data from the BLS, chart by Mish Bloomberg Econoday economists were correct across the board on the April CPI […]
Links of the Month: May 2024
Links of the Month: May 2024 Public Service Announcement: If reading my links of the month is unbearably depressing for you, just skip down to the very bottom of this post and at least read Lyz Lenz’s little story on Mothering. Everything else here will probably be the same next month, anyway. cartoon by Michael Leunig No, […]
Diesel takes another hit and may be driving down broader oil market
Diesel takes another hit and may be driving down broader oil market One analyst sees renewable diesel as beginning to have a major impact on world oil markets Tne benchmark diesel price dropped for the fifth straight week. (Photo: Jim Allen/FreightWaves) With the benchmark diesel price used for most fuel surcharges down for the fifth […]
