New Home Sales Soared In August, Prices Plunged As Mortgage Rates Spiked

US Debt Matters, But The Euro Area May Create The Next Crisis Authored by Daniel Lacalle via dlacalle.com, The US $40 trillion debt has dominated global headlines. However, although the US fiscal challenges are relevant, we must remember an important lesson. Fiscal policy is not about who wins but who loses first. According to official 2026 estimates, the present value of U.S. Social Security and Medicare financing gaps is about $95 trillion over 75 years, roughly 5% of the cumulative present value of projected GDP over that period, on top of federal...

Mises Editor-in-Chief Ryan McMaken explains how the new Fed chairman faces a political problem with rising prices and the fact the Fed keeps fueling the inflation fire.

McDonald's Sinks To Four-Year Low As Deutsche Bank Sours On Turnaround Hopes McDonald's shares tumbled as much as 5.9% on Wednesday, the sharpest intraday decline since the early-2020 Covid selloff, before closing down 4.8% at their lowest level since 2022.  The Big Mac quick-service restaurant chain's investor day heightened Wall Street concerns that softening US sales, coupled with plans for massive investments across restaurant locations, could pressure cash flow and shareholder returns, weighing on the stock for the foreseeable future. McDonald's held its investor day at its Chicago headquarters on Wednesday. CFO...