Once upon a time, before the Bankster Bandits and the Wall Street Gang took full control of the economy, we were able to accurately forecast how the current events were forming future trends. Indeed, Gerald Celente’s and The Trends Journal forecasts of the 1987 stock market crash, the Asian currency crisis, the Dot.com Bust, the...
Category: TRENDS ON THE U.S. ECONOMIC FRONT
START-UP FUNDS DRY UP
Funds invested in tech start-ups sank by 23 percent to $62.3 billion in April, May, and June this year, the smallest amount for the same period since 2019, data service Pitchbook reported. Tech start-ups usually repay their investors by going public or selling themselves. However, those transactions plummeted 88 percent to $49 billion during the...
FINANCIAL SQUEEZE TIGHTENS ON OFFICE LANDLORDS
Already losing tenants due to remote work, owners of office buildings find themselves pinched by rising interest rates and tenants’ fears of recession that could lead to layoffs and even more space reductions. Vacancy rates in many traditional business hubs such as Chicago, New York, and San Francisco reached record high levels over the past...
AS FORECAST: COMPANIES CUTTING OFFICE SPACE
When the COVID War was launched back in 2020, we had forecast the work-at-home trend would be a permanent part of the new world order… and it has. With costs rising and a recession looming, U.S. companies are cutting costs by axing office space they no longer need and never will again. The permanent shift...
RED STATES FARED BETTER THAN BLUE ONES IN THE COVID ERA
Since COVID’s arrival in February 2020, red states where Republicans hold sway have benefited more in economic terms than Democrat-controlled blue states, The Wall Street Journal reported. The shift to remote work freed hundreds of thousands of workers to live where they choose. The COVID-era real estate boom also convinced many Baby Boomers to cash...
AVERAGE NEW-CAR PAYMENT HITS NEW HIGH
New cars purchased in June in the U.S. carried a record average monthly payment of $686, according to car sales website Edmunds.com. The figure is 4 percent higher than January’s average and 13 percent more than a year earlier. Another record: 12.7 percent of June buyers signed up for car payments of at least $1,000...
U.S. MORTGAGE WEEKLY RATE FALLS MOST IN 13 YEARS
The national average interest rate on a 30-year, fixed-rate mortgage fell from 5.7 percent during the week ending 30 June to 5.3 percent by 7 July, according to the Federal Home Loan Mortgage Corp. (FHLMC). It was the second consecutive week of lower rates and the largest one-week drop since 2008. Mortgage rates tend to...
ECONOMY SPROUTS 372,000 NEW JOBS IN JUNE
U.S. employers added 372,000 new workers last month, sustaining the previous three months’ average of more than 350,000 additional jobs per month, The Wall Street Journal noted, but easing off highs touched early this year. Analysts surveyed by Bloomberg had predicted an average of 268,000 new slots. June’s figure was slightly down from May’s revised...
GOLD KEEPS FALLING
Gold’s price broke down through $1,800 an ounce last week as the dollar continued strong. On 8 July, the metal traded as low as $1,733 on the London Metal Exchange, the Financial Times reported, after peaking at $2,069 in March shortly after Russia invaded Ukraine. Exchange-traded funds (ETFs) tracking gold saw investors pull out a...
ECONOMIC UPDATE – MARKET OVERVIEW
Unlike the mainstream “business” media and the “economists” they quote to see what direction the stock markets and economies are heading, The Trends Journal methodology of trend forecasting is Globalnomic®. Trends are exponents of meaningful change on a global or macro level. The Trends Research Institute, founded in 1980, is the first research organization to...