The housing market hasn't been this hot since 2006. Sales of existing homes rose 8.5% in 2021, totaling 6.12 million, the National Association of Realtors reported. This as inventory levels fell to an all-time low of 910,000. House…
Heresy Financial: Price Controls will be Worse than…
Price controls are a sure way to stop inflation in its tracks by legally limiting the prices of certain goods or services. Unfortunately, the results of price controls are many times worse than the high…
Pixabay
Starbuck Abandons Employee Vaccine Requirement
Employees at Starbucks are no longer required to be vaccinated against COVID-19. Roughly a week after the Supreme Court reversed President's Biden workplace vaccine mandate, the coffee chain is following suit, according to The Associated Press. "We respect…
Heresy Financial: New Plan to Fight Inflation Will…
You can't fight inflation with more inflation. But that is exactly what the current administration is going to try to do with the meatpacking industry. Blaming exploitation and failed capitalism instead of unprecedented monetary expansion,…
IRS Backlog Just Triggered an Overflow of Collection…
The Internal Revenue Service is prematurely sending some Americans collection notices even though they filed their returns, as the agency works to wade through a deluge of unprocessed returns from years past. That's according to a…
Heresy Financial: Mortgage Rates are Surging
Interest rates on mortgages have been on a tear the last few weeks and are now at levels not seen since March of 2020. Does this spell disaster for the housing market? Are we at…
Pixabay
Gas Prices Are About to Surge Again
Energy experts issued a stark warning to Americans on Friday: Get ready for higher gas prices this spring. "This is the calm before the storm, and we're already going up," GasBuddy head of petroleum analysis Patrick De Haan said…
Heresy Financial: Insider Trading is Out of Control…
Congress must be full of geniuses. What other explanation could there be for so many senators and representatives outperforming the market so significantly and consistently? Clearly there are no other explanations such as insider trading…
Inflation Hits 40 Year High
Economists report that current inflation rates have risen to levels not seen since 1982. What Happened: The consumer price index rose 7% in December from a year ago, according to a new Labor Department…
Bank of America via Wikimedia Commons
Major Bank Cuts Overdraft Fees
Bank of America cutting some fees on its overdraft services, joining recent enhancements by JPMorgan and Capital One. The bank on Tuesday announced that it will begin to eliminate fees for nonsufficient funds in February and reduce…