More fallout from the work-from-home revolution: retail chains that catered to commuters in urban centers are shutting their downtown stores and moving out to smaller suburban locations.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Mar 7 2023
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AVERAGE MORTGAGE INTEREST RATE TOPS 7 PERCENT
Last week, the U.S. average interest rate on a fixed-rate, 30-year mortgage climbed to 7.1 percent, Mortgage News Daily reported.
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MILLENNIALS MIRED IN $3.8 TRILLION WORTH OF DEBT
The 72 million Americans between the ages of 22 to 40, roughly, piled up $3.8 trillion in debt by the end of last year, 27 percent more than at the end of 2019.
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SPAC THIS, PAL
At least eight companies that went public through “special-purpose acquisition companies” (SPACs) in the last year have now filed bankruptcy, Bloomberg reported.
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TREASURY YIELD REACHES HIGHEST IN 16 YEARS
On 3 March, the yield on the two-year treasury note reached 4.94 percent, its highest since 2007 just before the Great Recession arrived, the Financial Times reported.
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ECONOMIC UPDATE – MARKET OVERVIEW
All the mainstream media, as illustrated in this week’s Trends Journal cover, are whores. Nothing more than Presstitutes who get paid to put out by their corporate pimps and government whore masters.