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Economy

If you make a conscious choice to ignore all long-term consequences, managing your personal finances can be a lot of fun.  For example, instead of rationally evaluating what sort of mortgage payment you can actually afford, why not take a plunge and buy a $600,000 house?  You only live once, …

It is the beginning of August, and a day of reckoning has finally arrived for renters all over the nation.  Since last September, a moratorium that was issued by the Centers for Disease Control and Prevention has been protecting millions of renters that have been unable or unwilling to make …

Someone please make the madness stop.  Many years ago, when Saturday Night Live was still actually funny, comedian Will Ferrell starred in a skit that was entitled “More Cowbell”.  To this day, it remains one of the most famous skits in comedy history, and that is because it was absolutely …

Throughout the first half of 2021, there was a tremendous amount of optimism about the U.S. economy. Many believed that the pandemic would soon be behind us and that a new era of great prosperity would soon be upon us. But now the optimism that we witnessed is fading as …

After decades of living in a relatively low inflation environment, it is hard for most Americans to believe that things have gotten so bad so quickly.  In fact, even though I write about this stuff almost every day, it is hard for me to believe it.  We are watching prices …

For a few months a lot of people were convinced that humanity’s efforts to defeat COVID were being successful, and many believed that the pandemic would soon be behind us for good.  But now the “Delta variant” is spreading like wildfire all over the globe, and this is prompting national …

Is time finally running out for “the bubble to end all bubbles”?  Over the past year, we have seen stock prices rise to levels that are completely and utterly absurd, and many have pointed out that we are currently in the largest stock market bubble in the entire history of …

How does it feel to live in a country with double-digit inflation?  On Tuesday, the Bureau of Labor Statistics told us that the consumer price index has risen 5.4 percent over the past 12 months, and such a high number shocked a lot of people.  But in order to make …

There are more job openings in the United States than ever before, but the vast majority of the available “jobs” pay so little that most Americans don’t want them.  If working extremely long hours for some employer is not even going to lift you out of poverty, then you are …

Everyone knew that home prices were going crazy, and now we have some solid numbers that are simply incredible.  Home prices are rising faster than they ever have before, and so if you are shopping for a home in this environment I truly feel sorry for you.  In many parts …