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Consumer Inflation Expectations Fell Sharply in December
“Consumer sentiment improved in December but remains at recessionary levels. Inflation expectations fell sharply, and long-run expectations remain well anchored.” ~ Robert Hughes
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New Home Sales Rose Again in November, But the Outlook Remains Cautious
“New-home sales rose in November but remain below its long-term average. High prices, bloated inventory, and elevated mortgage rates suggest a poor outlook.” ~ Robert Hughes
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Durable-Goods Orders Declined in November
“Durable-goods orders fell in November while growth in real durable-goods orders and real core capital goods orders remains modest.” ~ Robert Hughes
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What if New Coke Had Been a Government Program?
“Would our lives be better were land, labor, and capital still tied up making New Coke and Crystal Pepsi? People have voted pretty overwhelmingly and answered ‘no.'” ~ Art Carden
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The Greatest Threat to World Peace: North Korea’s Kim Jong-un?
“The best way to enhance America’s security is for its defense-dependents to graduate and take care of themselves and their own regions. With the US off the peninsula, Pyongyang wouldn’t much care about affairs in Washington.” ~ Doug Bandow
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