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If one accounts for the actual cost of living increases (not the government's bogus stats) and subtract government spending disguised as economic growth, it becomes apparent that we've been in a contraction for a generation.

~ Anonymous 

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Global Economic Trend Analysis
Updated: 39 min 22 sec ago

Debt Brakes and Treaty Requirements About to Smash the EU

Fri, 06/21/2024 - 15:38
The EU has launched Excessive Debt Proceeding against France. It won't stop there.

Trump’s Plan to Replace the Income Tax with Tariffs is Economic Nonsense

Fri, 06/21/2024 - 10:00
Trump and Biden are each their own worst enemy. This post is about Trump's latest tariff gaffe, but he has made similar nonsensical claims before.

Existing Home Sales Drop Slightly But Median Price Hits New Record

Fri, 06/21/2024 - 08:28
Existing-home sales declined 0.7 percent in May. It was the 22nd decline in 28 months. But the median price hit a new record.

Breadsticks at Olive Garden Highlight Financial Strain on America’s Middle Class

Thu, 06/20/2024 - 17:16
A friend emailed a link regarding Olive Garden traffic and sales. I created a new chart that agrees. Call it the breadstick indicator.

Are We Building Enough Housing, In the Right Places? Too Much?

Thu, 06/20/2024 - 12:18
If we are not building enough units to handle population growth including illegal immigrants, we are going to have a serious rent inflation issue making the Fed miserable.

Housing Starts and Permits Drop to the Lowest Level in Four Years

Thu, 06/20/2024 - 08:48
Hoot of the day: The Bloomberg Econoday consensus had housing starts and permits both rising. Several charts show how much they dropped.

A New High-Rise Building Will House the LA Homeless in $600,000 Units

Wed, 06/19/2024 - 16:14
A grand opening of Weingart Tower Tower will have 278 units to shelter the homeless. Hooray!?

NAHB Wells Fargo Housing Market Index (HMI) Continues to Slide

Wed, 06/19/2024 - 15:03
The National Association of Homebuilders HMI index struggles to gain any lasting positive momentum. Traffic is abysmal.

Why Angry Renters Will Decide the Election, Take II

Wed, 06/19/2024 - 09:08
Economists say wages are now rising faster than the CPI. That's not true for those who rent or wish to buy a house.

EV Maker Fisker Files for Bankruptcy for the 2nd Time, Titan Solar Goes Under

Wed, 06/19/2024 - 05:30
Fisker said it would be the next Apple. Instead it joins the ash heap of EV history for the second time. Also, Titan Solar goes under, one of 16 solar bankruptcies in 2023 and 2024.

The Surge in Online Shopping and Death of Dept Stores In Pictures

Tue, 06/18/2024 - 12:08
How Covid accelerated the trend towards online shopping in two pictures.

Retail Sales Were Very Weak in May Counting Negative Revisions

Tue, 06/18/2024 - 07:54
If someone tell you the consumer is strong, please have them read this post. The strong consumer is all a mirage of inflation.

Hoot of the Day: California Proposes Restraining Orders to Stop Thieves

Mon, 06/17/2024 - 10:36
More and more headlines look as if they are from the Babylon Bee. Let's discuss the latest idiocrasy from la-la land.

Job Openings vs Unemployment Looks Very Much Like a Recession Has Begun

Mon, 06/17/2024 - 05:30
Unemployment is rising and job openings have crashed. It looks recessionary. Let's investigate with a series of pictures.

Can Biden Physically and Mentally Last All the Way to November?

Sun, 06/16/2024 - 10:52
I do not know what the odds are. Some of it has to do with Biden's arrogance. But let's honestly assess what's happening.

Weekend Tweets Worth a Look: Deficits, Tariffs, Immigration, Mortgage Delinquencies

Sat, 06/15/2024 - 16:45
Here are a few Tweets that caught my eye this week. Inquiring minds will take a look.

Twenty Percent of California Lives in Poverty, What’s Going On?

Sat, 06/15/2024 - 10:17
On a cost-adjusted basis, California leads the nation in percentage living in poverty. Blame the Progressive oligarchs like Governor Newsom.

Mish Talk - Global Economic Trend Analysis