After state government paid $43 million to brothel owner Lance Gilman for Tesla’s land and now has forked over another $59 million in transferrable tax credits, taxpayer have “invested” $214,000 in each $22.00/hour job.
All in Economics
Illinois Heads toward Bankruptcy, while Bankrupting its Citizens
Without legislative action, Illinois will be the Greece of the USA Zone after “Moody’s followed S&P’s downgrade Thursday, citing Illinois’s underfunded pensions and the record backlog of bills that are equivalent to about 40 percent of its operating budget.”
Credit now Repaired, Money will Multiply
An increase in lending might just kick start the money multiplier and then some honest-to-goodness, noticeable, government-can’t-deny-it price inflation might be just around the corner.
Millennials, You Don't Need No Stinking Down Payment.
The American dream of paying on a big fat, paycheck sucking and mobility stifling mortgage is just waiting for you. Take the plunge. Make America great.
Shortage of Hammer Swingers
“Construction labor costs are rising an average of 4% to 5% annually, outpacing inflation, according to Anirban Basu, chief economist of the Associated Builders and Contractors. ‘The situation is going to get worse,’” he told Grant.
Sin City Cash Burning
The Vegas convention sweet spot on the calendar has come and gone and I figured that would be his explanation for the tepid market in rides. No, he said it's a supply problem. Too many drivers. He told me,
Less Supply = Higher Priced Homes
The shortage of supply, increases in costs, and millennials finally catching the home ownership bug has median prices jumping. Nationwide, “the median was $316,200 last year versus $240,900 in 2005.”
Millennials See White Picket Fences
“Virtually all major builders are migrating away from the luxury homes that dominated the early years of the economic expansion and are focusing on lower price points to cater to this burgeoning clientele,”
Bankers, the Last to Know
It seems Lord Keynes had one thing right when he wrote, “Banks and bankers are by nature blind. They have not seen what was coming…
Suddenly has Arrived
Despite nine full years of zero-to-slight interest rates, “suddenly” has arrived. “Total US bankruptcy filings by consumers and businesses in March spiked 40% from February
No Need For Government Force Legal Pot Will Make Higher Wages
McCurdy should notice what’s going on in Denver. “Colorado’s restaurant labor market is in Defcon 5 right now, because of weed facilities,”
Old Fed or New Fed, Rates are Headed Up
does the Fed really set interest rates or follow the market?
Trading Bad Paper Helps Underwater Homeowners
In the short term Gov’t Sachs is looking to satisfy its debt to society, but in the long run they think they can make some money at this.
Grexit Spells Trouble For Trump's Bubbleland
Investors may have forgotten that the U.S. market swoons when Greeks get handouts. July will be here soon and the Greeks owe a $7.42 billion bond payment they have no hope of paying.
Lawyers Cry Crocodile Tears, While Their Clients Dance On
“They’re a hard demographic to represent,” lawyer Leon Greenberg told Allie Conti of vice.com. “The girls who are into it are making a lot of money, so it’s easy to say, ‘Oh, we’re getting $500 or $1,000 or a couple of thousand dollars for a day or night’s work.’
Clouds Over 2018
t’s as the Austrian economists predict: when the monetary accommodation ends, it’s time for the cleansing of malinvestments to begin.
Wall Street Depression Takes Another Life
Perhaps world markets are on the edge of crashing and those on the inside know it and don't want to be around for the carnage.
Chained to Trump's Rhythm
Reality television, despite bearing no relation to reality, has shaped Trump into a man for the age, the reality TV age
From a Business Entrepreneur to a Political One
It’s clear how Linda McMahon sees her future, not as a business entrepreneur, but as a political one. She has run twice unsuccessfully for the Senate but didn’t give up, donating enough money to attract Donald Trump’s attention to run a Cabinet-level agency.
In heat of the market, as speculators give chase, bubble values make perfect sense.