Did Italy Really Elect the Most “Far-Right” Leader Since Mussolini?
Sunday’s vote hasn’t yet been confirmed and won’t be for several weeks, but it appears that Italy has elected their most “far-right” leader since Mussolini, at least according to the entire leftwing media. You can find this exact same claim everywhere from Politico to The Sun to NPR. It is a little hard to take […]
Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index while new home sales unexpectedly surged
Home prices rose 15.8% in July (year over year). In June prices were up by 18.1% (YoY). While prices are still up significantly from where they were a year ago, this marks the largest decrease in the S&P CoreLogic Case-Shiller Indices, which tracks home prices and home sales. “July’s report reflects a forceful deceleration,” wrote […]
2017 Politico Fact-Check Backs Up Trump Declassified Process Claims
There is a lot of controversy lately about these classified documents that President Trump allegedly stole from the White House and held in Mar-a-Lago and that is putting our national security at risk. We are told that there is an official process that the President needs to go through to declassify classified documents and that […]
PayPal Drops Gays Against Groomers While Keeping Pro-Pedophile Group
Gays Against Groomers was suspended last week from PayPal and Venmo for “violating” their user agreement while a a Pro-Pedophile Group continues to be in good standing with the organization. “They just said we violated their user agreements, [but] they didn’t say how,” said Gays Against Groomers founder Jaimee Michell. When The Federalist reached out […]
Fed’s Own Economist Warns of “Severe Recession” From Rate Hikes
In July an economist working for the Federal Reserve released a report warning that if the Federal Reserve hiked rates too quickly we could see a repeat of a situation similar to 1920. In 1920 we were just getting out of the pandemic of 1918 and inflation started to skyrocket. The Federal Reserve started to […]
Fed Hikes Rates by Another .75; Significantly Raises Rate Expectations for End of Year
Yesterday the Federal Reserve raised interest rates by another .75 basis points, to a range of 3.00-3.25. This was the third .75 hike in a row. This marks the most aggressive rate hike series since 1994, while inflation continues to run at a 40 year high. Fed Chairman Powell warned that more pain is coming […]
The Energy Crisis in Europe and What is Coming to the U.S. if We Don’t Change Course
The self made energy crisis in Europe continues to cause energy prices to skyrocket across the region after Russia cut off Gazprom and things are about to get much worse. The U.S. isn’t far behind on the current path so unless we change course quickly, we will be living it as well. Europe now needs […]
Home Builder Sentiment On Longest Losing Streak Since 1985
“Builder sentiment has declined every month in 2022, and the housing recession shows no signs of abating,” the National Association of Home Builders said Monday. Homebuilder sentiment fell further this month for the ninth month in a row, dropping to 46. This index goes from 0 to 100 and anything below 50 generally signals that […]
Interest Rates Likely Need to Go Much Higher Before We See Significant Decrease in Inflation
This week the Fed is expected to increase rates by another .75, bringing the current target to 3.0-3.25. But this is likely only the beginning of rate increases if we look historically at what interest rates would need to be to bring down inflation. So far interest rate hikes have had little effect on bringing […]
Energy, Transportation Secretaries Praise California’s Ban on Gas Powered Cars
Earlier this month Energy Secretary Jennifer Granholm praised California’s decision to ban gas powered cars starting in 2035. During an interview with Los Angeles reporter Elex Michaelson she commended California for “leaning in” on climate change and noted that the federal government has a goal of half of cars in the U.S. being electric vehicles […]