Steeper cuts [to prices] will come later ...  “It’s going to be worse.” Wright said she fears the government might be forced to step in as “the buyer of last resort.”

I was asked in an interview the other day if I thought Nevadans had a libertarian attitude. Nevada lost its libertarian streak years ago, I pointed out. The state’s government budget has grown exponentially. Government giveaways are common: Elon Musk (Tesla, Boring Co.), Mark Davis (Allegiant Stadium), F1, and now possibly Hollywood studios. But, as long as California keeps being California, that state’s wealthiest will keep moving here I said.

The worst bubble in human history is the government spending bubble, up from about 8 percent of GDP in 1900 to about 40 percent of GDP today. Column by Christopher Chantrill.

Realtors seem to think that rage-quitting the market will somehow make prices go up. Things won’t go the way they hope. 

Last week’s surprise release of a draft Ukraine war peace plan has raised hopes that the nearly three-year bloody conflict may finally come to an end. Ukraine has suffered horrible losses that may change the demographics of that country for decades to come.

If this peace plan can be negotiated in a way that satisfies all sides and the guns finally go silent, I will be the first to cheer. However, the continued failure to understand the nature and origin of the current conflict leaves me skeptical that a real peace can be reached this way.

The research aligns with two other studies on the Gaza death toll, which have found the real number of violent deaths is likely around 40% higher than what the Gaza Health Ministry has reported. 

“The Ukrainians have agreed to the peace deal,” the U.S. official told CBS News. “There are some minor details to be sorted out but they have agreed to a peace deal.”

AI data centers are key: Data centers are expected to consume anywhere from 6.7% to 12% of total U.S. electricity by 2028, up from 4.4% in 2023.

Is the Federal Reserve an “inflation-monger,” as monetary economist Brendan Brown labels it in his new book, “Bad Money”? Of course it is. The Fed has stuck us with a constant depreciation of the purchasing power of the dollar. With its “inflation targeting” regime beginning in 2012, it promises to continue to depreciate the dollar forever, inflation without end.