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Robert Hughes

Housing Permits Remained Hot in January but Mortgage Rates Also Continued to Rise

“Housing permits were solid again in January. However, rising home prices and higher mortgage rates may be headwinds for demand while elevated commodity costs remain a challenge for homebuilder profits.” ~ Robert Hughes

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John Tamny

Book Review: Chris Herring’s ‘Blood In the Garden’

“Hopefully Chris Herring follows up his book with one that covers the Knicks teams that came after the ones of the 1990s; that, or Herring’s book inspires a look by someone else into what became of what was once so great, and such a joy to watch.” ~ John Tamny

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Robert Hughes

Weekly Initial Claims for Unemployment Benefits Rise Slightly

“Weekly initial claims for unemployment benefits ticked up and are slightly above the pre-pandemic level. Overall, claims remain at a very low level by historical comparison. Most data suggest the labor market remains very tight.” ~ Robert Hughes

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William J. Luther

Inflation Exceeds Fed’s Projection

“I chalk it up to wishful thinking. Fed officials were not yet willing to tighten monetary policy. They hoped inflation would get better on its own. It didn’t, and their projections underestimated inflation as a result.” ~ William J. Luther

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Laura Williams

It’s Always about Fear.

“Government endangers us, and does not deserve our trust. But now, just pointing out that danger…makes us terrorists. This is only possible because of the decades-long sacrifice of liberty to fear.” ~ Laura Williams

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