ECONOMICS

By Ted Dabrowski and John Klingner of Wirepoints

Last week, Elon Musk, Vivek Ramaswamy, and Jordan Peterson helped expose the failures of Illinois’ public education system on X. Their engagement with a Wirepoints report, “Illinois education 2022: Not a single student can do math at grade level in 53 schools. For reading, it’s 30 schools,” revealed the thousands of students trapped in completely failing schools in 2022. 

But those results are now old news. Wirepoints has just run (more…)

Submitted by Sam Bourgi of CreditNews

The past few years have been one of the worst periods for first-time homebuyers in America's history.

Record home prices, chronically low inventory, 22-year-high mortgage rates, and bidding wars with cash- and equity-flush buyers have locked many younger buyers out of the housing market.

According to the National Association of Realtors (NAR), first-time homebuyers made up just 32% of all transactions last year—the fourth lowest (more…)

Things are not great in Germany.

A confluence of economic stagnation, higher energy prices (due to anti-nuclear idiocy), and the highest corporate distress rates in Europe suggest Deutschland is in for a sharp contraction – a sentiment shared among fund managers, credit traders and crestfallen German executives moping around Davos last month, according to Bloomberg.

"Germany is really in trouble," according to Barings fund manager Brian Mangwiro. "All (more…)