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A Bounce in Expectations Pushed Consumer Sentiment Up in Early April
“Consumer sentiment bounced higher in early April but remains consistent with prior recessions. Expectations jumped on a decline in gas prices, but economic risks remain elevated. The outlook is highly uncertain.” ~ Robert Hughes
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Washington Blob Wreaks Death and Destruction Abroad, Avoids Accountability and Responsibility at Home
“Washington policymakers need to put America—its people, territory, liberties, prosperity, and security—first. To retake its claimed role of global leader Washington paradoxically will have to relearn the value of humility.” ~ Doug Bandow
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Real Retail Sales Are Trending Flat
“Retail sales rose in March but fell after adjusting for price changes. Ongoing labor and materials shortages, turmoil from the Russian invasion of Ukraine, and a new Fed tightening cycle all raise risks for the outlook.” ~ Robert Hughes
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Weekly Initial Claims Tick Up but Remain Near Record Lows
“Weekly initial claims ticked up but remain near a multidecade low, indicating a very tight labor market. The Russian invasion of Ukraine, sustained elevated price increases, and a new Fed tightening cycle have boosted risks to the outlook.” ~ Robert Hughes
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Back in the USSR
“Beach Boy Mike Love said: ‘Back in the U.S.S.R.’ was a helluva song, and it’s lasted longer than the country.’ But, joking aside, Thies’s list is worth an hour of contemplation. The set of ten songs is a noble effort against tyranny.” ~ Daniel B. Klein
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Antitrust Crackdowns On Big Tech Won’t Help Consumers
“If antitrust actions go too far, it wouldn’t deliver us an era of perfect competition or vast choices. It would deny internet consumers of innovative options and stall the entrepreneurial forces that have allowed them to grow and provide value.” ~ Yaël Ossowski
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