News & Analysis
Sit down to read from The Daily Bell and experience a jolt of intellectual energy.
NEVER MISS AN ISSUE
I love the Daily Bell. Every issue is principled and informative.
VOICE OF REASON
I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times
SEPARATES WHEAT FROM CHAFF
The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.
THE DAILY BELL IS A MUST-READ
Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.
GREAT JOB, DAILY BELL
I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.
ONE OF MY FAVORITE SITES
The Daily Bell is one of five sites that I review every day because I find there a clear, common-sense interpretation of everyday events.
The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.
PREMIER FREE-MARKET ANALYSIS
The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.
INFORMATIVE SOURCE OF INFORMATION
The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.
The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.
I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.
I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.
Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.
READ IT EVERY DAY
A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!
PROFOUND AND PROVOCATIVE
Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.
Get outside the box with The Daily Bell and experience independent views.
TRUTH AT WORK
There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.
The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.
For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.
I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.
CUTTING EDGE ANALYSIS
At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.
SOURCES YOU CAN TRUST
The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.
GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE
The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!
A MUST-READ FOR EVERYONE
The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.
The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.
The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.
MESSAGES OF TRUTH
The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.
INSIGHT YOU CANNOT IGNORE
The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.
OUT OF THE DARK
The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.
GUTS, OBJECTIVITY, WISDOM
Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.
A VIRTUAL WHO'S WHO
The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.
The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.
GREAT INVESTMENT INFORMATION
I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.
A LEADING LIGHT
The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.
THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS
I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.
The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.
There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.
PART OF MY DAILY NEWS DIET
I read it every day!
I read The Daily Bell every day and I find it very informative.
AHEAD OF THE CURVE
The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.
Housing Starts in U.S. Surged in September to Four-Year High ... Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs the industry at the heart of the financial crisis is on the road to recovery. Starts jumped to a 872,000 annual rate last month, the most since July 2008 and exceeding all forecasts in a Bloomberg survey of economists, Commerce Department figures showed today in Washington. The median estimate of 81 economists surveyed by Bloomberg called for 770,000. An increase in building permits may mean the gains will be sustained. − Bloomberg
Dominant Social Theme: Happy days are here again.
Free-Market Analysis: So builders are busy again in the US. The Fed has been flooding the market with cheap money so we are not surprised. But there are ramifications.
It certainly is a dominant social theme, however. The idea is that the economy went through a rough patch but that the magic of the markets has reasserted itself.
We are supposed to believe that the economy is resurgent just as it would be after any recession. In making this sort of argument, the mainstream media negates the larger business cycle by pretending it doesn't exist. Here's some more from the article:
A pickup in sales stoked by record-low mortgage rates and population growth combined with dwindling supply indicates construction can continue strengthening, contributing more to economic growth. At the same time, the level of starts remains below the pre-recession peak, limiting how much the industry can boost the rate of expansion.
"The housing market certainly has turned," said Brian Jones, a senior U.S. economist at Societe Generale in New York, whose forecast for 790,000 starts was among the highest. "But we still have a long way to go. The good thing is that construction will pull employment with it."
Estimates in the Bloomberg survey for housing starts ranged from 735,000 to 800,000, and the prior month was revised up to 758,000 from a previously reported 750,000 pace. Over the past 12 months, work began on 34.8 percent more homes, the biggest year-over-year gain since April.
The brighter building environment has made construction companies less pessimistic. The National Association of Home Builders/Wells Fargo builder sentiment index increased to 41 this month, the highest since June 2006 and the sixth-straight gain, figures showed yesterday. Still, readings below 50 mean more respondents said conditions were poor.
These numbers are fairly undifferentiated and we're not sure we believe the Commerce indices anyway. Government stats these days always emphasize good news over bad.
Beyond this, we have a hunch the new housing starts exist mostly in the high end of the market. Reading between the lines we think we can make an argument for this. The Wall Street Journal, for instance, reports that most housing starts are single-family units. Here's the important paragraph:
Construction of single-family homes, which made up 69% of housing starts last month, grew 11.0% in September to a rate of 603,000 units--the highest level since August 2008. Single-family construction was up nearly 43% from a year earlier.
And then there is this feedback left by Stan Wester after the Bloomberg story: "As a builder I am seeing a lot more people wanting to build. We are not building spec homes; these are contracts with clients. Why can't people see that the economy is improving?" [Punctuation adjusted.]
Okay. The housing rebound is coming in single-family houses and Wester, a builder, is doing mostly contract work. Sounds like the rebound is taking place at the high end of the market. This makes sense within the parameters of the larger, ongoing monetary stimulation that is taking place.
Much of the Fed's money-from-nothing ("easings") has found its way to bank coffers. But a good deal has ended up in the stock market. People with wealth are probably wealthier these days.
The larger issue, however, is that eventually the money now circulating will swell and move faster, causing intolerable price inflation and the Fed will be forced to tighten hard. This in turn will create another economic downturn that will include housing.
The current housing boom, then, is a monetary phenomenon, not a sign of vital economic spirits. The mainstream media will treat it as if it is a normal, demand-led recovery. We think not.