Real Daily Buzz is dedicated to giving you the story, then letting you decide. Here you go !!!

Click for RealDailyBuzz.com


Real Daily Buzz
J.T. Young: Mr. President, take responsibility: 'Bidenomics’ led to 'Biden-flation’

02/20/24 08:30AM - The only thing Biden understands about inflation is it's a political liability. It is because it hits home — in contrast to other administration economic statistics, inflation is the one Americans live. Biden owns inflation: He bought it with massive spending and Americans are paying for it economically. Now, Biden's afraid he will have to pay …more…

Bill Dudley: Federal Reserve Flight 2024 Hasn’t Landed Yet

02/19/24 11:00PM - Defeating inflation without crashing the economy is still a challenge. Financial markets have lately been intensely focused on the US Federal Reserve’s next moves: How soon will it start cutting interest rates, and how low will it take them this year? That’s really hard to answer, but I can offer some insight into what will drive the …more…

Tyler Cowen: Stock Markets Are Driving a New American Century

02/19/24 05:00AM - The US’s growing financial dominance may be making up for its declining influence in other realms. The worldwide dominance of US equities is increasingly obvious. Of the top 10 components of the MSCI global stocks index — which itself now consists of about 70% US stocks — eight are US technology companies. The S&P 500 has breached the …more…

Ed Yardeni: Market Call: Investing Is For Teenagers

02/18/24 02:46PM - Contrary indicator alert! On Sunday, the WSJ posted an article titled "These Teenagers Know More About Investing Than You Do: Custodial investment accounts for minors have surged in popularity." According to the article, the kids are all buying technology stocks: "Brokerage executives say that technology behemoths that are ubiquitous in the …more…

John Tamny: Can the Fed Increase the Rate of Interest Charged to Taylor Swift?

02/18/24 10:00AM - If media accounts are to be believed, Taylor Swift is presently the most famous person in the world. Imagine what it's like to walk in her shoes. For fun, and for the purposes of this write-up, imagine her situation if she no longer had shoes. What if the singer and global phenomenon emptied all of her bank and brokerage accounts, gave …more…

Komal Sri-Kumar: Inflation: Two Strikes in Week - Last Mile Is Indeed Hardest!

02/17/24 06:50AM - The past week saw not one, but two shocks on the inflation front. The report from the US Bureau of Labor Statistics on consumer prices released on Tuesday showed that the headline (overall) index rose by 0.3% in January, faster than the 0.2% expected, as well as the 0.2% posted in December. Although the increase over the past year at 3.1% was …more…

Zach Kessel: Jewish Singer Matisyahu Accuses Venue Staff of Antisemitism over Abrupt Show Cancellations

02/16/24 12:30PM - The Rialto Theatre in Tucson claimed it scrapped the performance over safety concerns. Jewish singer Matisyahu had two shows canceled over the past week, the musician announced on X Thursday, blaming the staff of the two venues at which he was slated to perform for refusing to work due to his vocal support for Israel in its ongoing war …more…

Jed Graham: Key Federal Reserve Inflation Rate Just Got Bad News; S&P 500 Fights Back As Rate-Cut Odds Sink

02/16/24 11:50AM - Producer price index (PPI) data out Friday morning provided more reason to worry about a hot January reading for the key Federal Reserve inflation rate later this month. Treasury yields surged as markets priced in fewer rate cuts this year, but the S&P 500 held near the flat line after closing at a record high on Thursday.
Blame S&P …more…

Thomas Hogan: How We Know Inflation Was Not Transitory

02/16/24 11:10AM - The transitory view cannot explain permanently elevated prices. Americans' real incomes fell by more than 10 percent during the pandemic recovery as prices rose at the fastest pace in 40 years. As of late 2023, real wages remained about 2 percent below the pre-pandemic trend. The main culprit of inflation was the Federal Reserve's …more…

Alexander William Salter: Two Kinds of Transitory Inflation

02/16/24 06:00AM - Now that Nobel laureate Joseph Stiglitz has declared victory for Team Transitory, it's worth delving into the causes of our recent inflation woes once again. Price hikes have indeed slowed, with the Consumer Price Index (CPI) and Personal Consumption Expenditures Price Index (PCEPI) declining from peaks at 8.93 and 7.11 percent respectively …more…

Preston Cooper: How The Student Loan Safety Net Backfired

02/16/24 02:30AM - Income-driven repayment (IDR), which allows federal student loan borrowers to tie loan payments to their income, has expanded from a niche safety net program to the dominant plan borrowers use to pay back their loans. President Biden recently made IDR plans more generous at a cost of $475 billion, which officials hope will draw more borrowers …more…

Alexander William Salter and Bryan Cutsinger: Price Theory Needs a Revival

02/15/24 01:44PM - Restoring timeless principles of economics within the academy will strengthen public discourse. When gasoline is expensive, people grumble that big oil companies like Chevron and ExxonMobil are colluding to keep prices high. They're wrong. The best way to understand why businesses aren't collectively fleecing consumers can be found in …more…