Historic Chart of the Day

Based on today’s Census Bureau report on April retail sales, consumer spending at “Food Services and Drinking Places” (restaurants and bars, see red line) was greater than grocery store sales (blue line) in April for the third straight month, reversin…

Major CD Announcement

Dear Carpe Diem Regulars: Over the next several days, there will be some major changes taking place for the Carpe Diem blog. After six years, almost 10,000 posts, and more than 8 million visits and almost 12 million page views using the Blogger platform, Carpe Diem will become a WordPress blog at a new website. Starting within the next few…

Major CD Announcement

Dear Carpe Diem Regulars: Over the next several days, there will be some major changes taking place for the Carpe Diem blog. After six years, almost 10,000 posts, and more than 8 million visits and almost 12 million page views using the Blogger platform, Carpe Diem will become a WordPress blog at a new website. Starting within the next few…

National Home Sales Snapshot from DQ News

Click to enlarge. Today’s “National Home Sales Snapshot” from DQ News is displayed above, which has been updated with U.S. home sales during the last 30 days in 98 of the top 100 MSAs (excludes Louisville and Wichita), and covers about two-thirds of all U.S. home sales.  Compared to the same period last year, home sales over the last 30 days hav…

National Home Sales Snapshot from DQ News

Click to enlarge. Today’s “National Home Sales Snapshot” from DQ News is displayed above, which has been updated with U.S. home sales during the last 30 days in 98 of the top 100 MSAs (excludes Louisville and Wichita), and covers about two-thirds of all U.S. home sales.  Compared to the same period last year, home sales over the last 30 days hav…

Quotation of the Day: The Fallacy of Redistribution

From Thomas Sowell’s column today (emphasis mine): The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty. The communist nations were a classic example, but by no means the only example.In theory, confiscating the wealth of the more successful people ought to make the r…

Quotation of the Day: The Fallacy of Redistribution

From Thomas Sowell’s column today (emphasis mine): The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty. The communist nations were a classic example, but by no means the only example.In theory, confiscating the wealth of the more successful people ought to make the r…

Wednesday Afternoon Links

1. Markets in everything: WiFi enabled, multi-color, energy efficient LED light bulb that you control with your iPhone.2. “Patchwriting” is more common than plagiarism, and just as dishonest.  I guess that’s what happened to me, see recent CD post. 3. Almost half (46.3%) of Irish residents buy private health insurance, despite “free” nation…

Wednesday Afternoon Links

1. Markets in everything: WiFi enabled, multi-color, energy efficient LED light bulb that you control with your iPhone.2. “Patchwriting” is more common than plagiarism, and just as dishonest.  I guess that’s what happened to me, see recent CD post. 3. Almost half (46.3%) of Irish residents buy private health insurance, despite “free” nation…

The Year of the "Plow Horse Housing Recovery"

Some key reports today on architecture billings, existing home sales, and new residential construction provide additional evidence that a U.S. housing recovery is underway:1. Reuters —  “A leading indicator of U.S. construction activity rose last month to its best level in five months, indicating that demand for design services is expanding, an…

The Year of the "Plow Horse Housing Recovery"

Some key reports today on architecture billings, existing home sales, and new residential construction provide additional evidence that a U.S. housing recovery is underway:1. Reuters —  “A leading indicator of U.S. construction activity rose last month to its best level in five months, indicating that demand for design services is expanding, an…

Year of the Recovery: August Home Sales Boom

1.  Wisconsin home sales increased 20.3% in August, median sales price by 2.9%.2. Kalamazoo MI housing market shows highest sales volume since 2007, August home sales were up 14%, average sales price by 7.5%.3. Louisville area home sales up 26% in August over last year, median sales price by 3.7%.4. Chicago-area home sales increased 26.5% in Aug…

Year of the Recovery: August Home Sales Boom

1.  Wisconsin home sales increased 20.3% in August, median sales price by 2.9%.2. Kalamazoo MI housing market shows highest sales volume since 2007, August home sales were up 14%, average sales price by 7.5%.3. Louisville area home sales up 26% in August over last year, median sales price by 3.7%.4. Chicago-area home sales increased 26.5% in Aug…

Fire: Environmentalist’s Way to Thin the Forests

From Terry Anderson’s editorial in today’s WSJ “Environmental Protection Up in Smoke”:  Environmental laws since the 1970s require public input into federal land-use decisions including logging on national forests. This has led to lawsuits challenging efforts by the U.S. Forest Service to prevent forest fires by thinning out trees (most of which…