“Japan’s largest banks and insurance companies have been buying domestic government bonds and selling foreign debt ... in moves that ... could be early signs of a wider repatriation of capital”
Today’s national average on a 30-year fixed-rate mortgage is 7.50%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.82%.
In the 1930s, during the formation of Saudi Arabia, three provinces were taken from Yemen. The Yemeni have always wanted them back.
Seven in 10 voters think the administration lacks a clear strategy for ending the conflict, including 95% of Democrats, 83% of independents and 43% of Republicans.
On Wednesday, the Bureau of Labor Statistics released its September CPI inflation report. The report showed multi-month highs in price inflation, and showed, yet again that price inflation is destroying wage growth, with real wages falling year over year, for six months in a row. The Fed’s arbitrary two-percent inflation goal has proved unreachable for Federal Reserve bureaucrats, with the Fed missing its target now for 66 months in a row.
On August 17, The Economist published a piece titled “The world’s most influential economist is oddly unconvincing,” examining Daron Acemoglu, the MIT economist who shared the 2024 Nobel Prize with Simon Johnson and James Robinson for work on how institutions shape prosperity.
Eighteen years ago this week, Paul Krugman was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Ostensibly, he won it “for his analysis of trade patterns and location of economic activity,” but most likely he received it because he had spent the previous eight years attacking the George W. Bush administration from his perch as a New York Times columnist, as Bush was rather unpopular with a majority of Europeans.
