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Housing Construction Performed Well in November
“Housing permits rose in November, offering some evidence that demand for housing may remain elevated. Rising home prices and potentially higher mortgage rates may be headwinds for demand while elevated commodity costs remain a challenge for homebuilder profits.” ~ Robert Hughes
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A Conflict of Visions within Conservatism
“The real lesson from this conference was how conservatives cannot hope to reconsider their views on political economy while held hostage to a possible Trump 2024 candidacy.” ~ James M. Patterson
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Weekly Initial Claims for Unemployment Benefits Ticked Up but Remain Very Low
“Weekly initial claims for unemployment benefits rose slightly from a multidecade low though the four-week average continued to trend lower. Combined with a near-record number of open jobs, the data show the labor market remains extremely tight. Labor shortages are likely to continue to hamper production across the economy, sustaining upward pressure on prices.” ~ Robert Hughes
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Supply and Demand Is Not Just for Microeconomics
“The usefulness of supply and demand is most obvious in the case of microeconomics, which focuses on households and firms. But it’s just as handy for macroeconomics in studying economy-wide phenomena like growth and business cycles.” ~ Alexander William Salter
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Disrupting the Five Temples of Power
“Yes, there will be setbacks. And things are likely to get worse before they get better. But the Decentralist revolution is a djinn, and Satoshi Nakamoto opened the bottle back in 2009.” ~ Max Borders
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