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As Los Angeles Hits "Breaking Point" Population Exodus, Houston's GDP Rockets Higher
As Los Angeles Hits "Breaking Point" Population Exodus, Houston's GDP Rockets Higher
California - which spends nearly 40% of taxpayer revenue ($95.5 billion, not including federal funds) on social services that's rife with fraud - and which spends roughly 25% of its $95.5 billion Medi-Cal budget (free healthcare) on illegal immigrants, is in the midst of a massive population exodus due to housing affordability, crime, taxes, wildfires, parental rights, and homelessness.
And while San Francisco and Los Angeles compete for the biggest cesspool in the country, LA county just took the crown when it comes to population...
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Mar 17, 2026 / Tyler Durden
US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb
US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb
After reaching a record low last month - with the decline blamed on weather - pending home sales bounced modestly in February (up 1.8% MoM vs -0.6% MoM exp and -10.% MoM prior).
Year-over-year home sales continue to decline (down 0.6% YoY)...
Source: Bloomberg
...just barely off of all-time-record lows...
Source: Bloomberg
Pending home sales in the South, the biggest home-selling region in the country, increased 2.7%.
They rose 4.6% in the Midwest and edged up in the West.
Contract signings dropped in...
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Mar 21, 2026 / Robert P. Murphy
Visualizing The Boom-Bust Cycle with Roger Garrison
In memory of Roger Garrison, Bob walks through Garrison's famous capital-based macroeconomics diagrams, showing how they translate the Mises-Hayek theory of the boom-bust cycle into the language of modern macroeconomics.
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Mar 2, 2026 / Kyle Anzalone
Trump: I Don’t Have the Yips With Respect to Boots on the Ground in Iran
President Donald Trump suggested he would be willing to deploy US ground forces to Iran. “I don’t have the yips with respect to boots on the ground — like every president says, ‘There will be no boots on the ground.’ I don’t say it,” President Donald Trump told The New York Post on Monday. “I […]
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