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Despite Record Surge In Subprime Car Loan Originations, US Household Debt Dropped In Q2: First Since COVID
Despite Record Surge In Subprime Car Loan Originations, US Household Debt Dropped In Q2: First Since COVID
Something unprecedented happened in the second quarter: aggregate household debt balances declined by $13 billion, a 0.1% decline from Q1. Balances stood at $18.8 trillion, up $4.6 trillion since the end of 2019, just before the pandemic recession. But the reason why we say it was unprecedented, is that the Q2 drop was the first quarterly decline in total household debt since the second quarter of 2020, when the US economy was gripped...
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Apr 19, 2026 / Kyle Anzalone
Trump: US Forces Attack, Seize Iranian Cargo Ship
President Donald Trump claimed an Iranian-flagged vessel attempted to break the US blockade. US forces attacked and boarded the cargo ship. “Today, an Iranian-flagged cargo ship named TOUSKA, nearly 900 feet long and weighing almost as much as an aircraft carrier, tried to get past our Naval Blockade, and it did not go well for […]
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Mar 2, 2026 / Thomas DiLorenzo
Rothbard at 100
Today, March 2, would have been Murray Rothbard’s 100th birthday. Rothbard’s intellectual heir, Hans-Hermann Hoppe, has published on his Property and Freedom Society Web sit a tribute to his mentor that includes twenty new essays and much more. Hans is widely regarded all over the world as Rothbard’s most important intellectual heir and his closest […]
The post Rothbard at 100 appeared first on LewRockwell.
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May 3, 2026 / Tyler Durden
Ukraine Flexes With Much Deeper Drone Reach Targeting Russia's Refineries
Ukraine Flexes With Much Deeper Drone Reach Targeting Russia's Refineries
Ukraine has been demonstrating deeper targeting reach inside Russia, as several key oil sites have come under direct drone attack this week, resulting in significant destruction.
This as President Volodymyr Zelenskyy on Wednesday announced "a new stage in the use of Ukrainian weapons to limit the potential of Russia's war."
Satellite image of Perm attack aftermath, via Reuters.
The massive Tuapse complex on Russia's Black Sea coast has been hit no less than three times in under a month, sparking a series of...
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