February 15, 2024
“…Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in December, according to the Census Bureau. A decrease had been expected: Economists surveyed by Dow Jones were looking for a drop of 0.3%, in part to… Continue Reading…
February 15, 2024
“With tax season in full swing, the IRS has issued more than 2.6 million refunds worth about $3.65 billion, as of Feb. 2, the agency reported last week. So far, the average refund is $1,395, compared with $1,963 one year ago, which is… Continue Reading…
February 15, 2024
“… …” https://www.msn.com/en-us/news/us/wealthy-californians-are-ditching-the-state-for-the-beverly-hills-of-arizona/ar-BB1idjMF Isn’t it interesting that every time people leave a blue state its to a red state? Maybe its not the state that’s the problem. It’s the policies of said state.
February 15, 2024
“…The consumer price index, a broad-based measure of the prices shoppers face for goods and services across the economy, increased 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, that came out to 3.1%, down… Continue Reading…
February 14, 2024
“…Jamie Dimon says Washington is facing a global market “rebellion” because of the tab it is racking up, while Bank of America CEO Brian Moynihan believes it’s time to stop admiring the problem and instead do something about it. Elsewhere The Black Swan author Nassim Taleb says the… Continue Reading…
February 14, 2024
“Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market…… Continue Reading…
February 14, 2024
“OAKLAND, Calif.—In one highly trafficked part of Oakland, one of the fastest-growing businesses is crime…” https://www.wsj.com/us-news/oakland-grapples-with-rising-crime-when-the-cop-leaves-they-come-156eae67 The article is behind a paywall so I’ll just make a few comments. An economy of crime is not the type of economic normal… Continue Reading…
February 14, 2024
“Almost a year after the failure of three midsized U.S. banks sparked an industry crisis, investors and regulators are once again bracing for turmoil among regional lenders, this time due to rising defaults in commercial mortgages. The tipping point may… Continue Reading…
February 13, 2024
“For just the third time in more than two decades, less than half of Americans say they are “very satisfied” with the way things are going in their personal lives. The 47% of U.S. adults expressing high satisfaction with their… Continue Reading…
February 13, 2024
“New York Community Bancorp (NYCB) is attempting to reassure investors about its deposits, liquidity, and governance following a weeklong plunge in the company’s stock and a decision by Moody’s to cut the bank’s credit rating to junk. The $116 billion… Continue Reading…
Recent Comments