Why Can Nothing Be Built In Britain?

Why CPI Ignores Homes, Stocks, And The Cost Of Getting Ahead Authored by Karl-Friedrich Israel via The Daily Economy, The median-priced home in America now costs $440,600, while the median household earns roughly $84,000 a year. That gap has left a growing share of Americans priced out of buying altogether, while those who already own homes and hold stocks have watched their wealth compound. The renter-owner wealth gap is now the widest on record. Meanwhile, equity markets keep setting new highs. None of this, officially, counts as inflation. In a previous piece,...

Iranian Video Threatens To Kill Bessent As State TV Analyst Eyes European Military Bases Authored by Catherine Salgado via PJ Media,Feeling confident and smug after the results of the American midterm election, Iranian terrorists are threatening to assassinate Treasury Secretary Scott Bessent and to rain missiles down on Europe. It is long past time for Donald Trump to obliterate these pigs once and for all. AP Photo/Alex Brandon The Iranian Fars News Agency labeled Bessent "Captain Corruptor" and claimed that "if corruption and depravity were superpowers, Scott Bessent, alongside Trump, could be...

Another Manic Monday Coming Submtted By Peter Tchir of Academy Securities I expect that we will see a lot of “green dots” on the Bloomberg Terminal Sunday night, as there was almost no asset (other than energy) up on Friday. I do know that my Monday will start bright and early, at 5am on CNBC. Away from that everything is a bit up in the air. There are headlines that can push us in either direction. Some developments that seem good, some that seem bad, some that seem weird, and some that...