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Make that 15 months of negative year-over-year readings for the @Conferenceboard leading economic indicators.
The longest stretch of YoY negative readings before a #recession was 17 months from August ’06 to January ’08. @Factset pic.twitter.com/cn0zBLf9By
— Matthew Miskin, CFA (@matthew_miskin) October 19, 2023
Despite a pandemic and an inflation surge, real (inflation-adjusted!) median family income was 2.6% higher in 2022 than in 2019, hitting an all-time high of $70k.
For comparison, between 2007 and 2010, median incomes fell by 7.8% and didn’t surpass 2007 levels until 2019. pic.twitter.com/qxUMKzJVwA
— Steven Rattner (@SteveRattner) October 18, 2023
As heretical as it might be to say, there’s a growing risk that Fed rate hikes risk *stoking* higher rent inflation in 2025, 2026, and 2027
How? The Fed’s actions are currently reducing building permits for multifamily rental supply. Exacerbates structural housing shortage pic.twitter.com/JsQNCym081
— Skanda Amarnath (@IrvingSwisher) October 19, 2023
“Cash: largest weekly outflow ($108.9bn) ever.”
– BofA Hartnett pic.twitter.com/1c0RPewkzi
— Daily Chartbook (@dailychartbook) October 21, 2023
Average household income of an American in the 35-44 age bracket was $170k/year last year https://t.co/gg09lkSTJo
— Matthew C. Klein (@M_C_Klein) October 20, 2023
“There’s no reason that home sellers should be forced to pay a buyers agent,” says attorney Michael Ketchmark as the DOJ probes real estate broker commissions. pic.twitter.com/OcLDgXFToG
— Last Call (@LastCallCNBC) October 18, 2023
Buffett on Apple $AAPL: “If someone offered you $10,000 to never buy an iPhone or Apple product ever again, you wouldn’t take it. If someone offered you $10,000 to never buy a Ford again you’d take it and go buy a Chevy”
That Simple.
— Michael Graham (@MGStockTalk) April 12, 2023
🔸 Zillow survey finds 35% of prospective buyers would buy a haunted house if it cost less
More than two-thirds of prospective buyers (67%) say they could be convinced to buy a haunted house if it had appealing features, were in the right location, were more affordable or for…
— *Walter Bloomberg (@DeItaone) October 24, 2023
46% of opening night moviegoers for “Killers of the Flower Moon” were under 35 years old. https://t.co/CF4azmngUs pic.twitter.com/C6Gt5REftM
— Variety (@Variety) October 21, 2023
With 71 days left (+24%), the 2023 domestic box office has passed 2022
— Matthew Ball (@ballmatthew) October 21, 2023
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