'Given that home prices remain at historic highs despite higher interest rates, the interest payment on a new 30-year mortgage for the average house has increased more than threefold since 2021,' a team of ecnomists led by Larry Summers calculates. Image: LinkedIn

Inflation that peaked at 18% and remains above 8% explains disastrous polling results for President Biden – especially in seven key swing states where Biden has lost support in every demographic segment, notably among minority men. With unemployment at 3.8%, barely above the all-time low, and inflation down to 3.1% year-on-year in January according to the […]

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