In 237 U.S. cities, a low-priced starter home now costs at least $1 million, according to online brokerage Zillow. The number has almost tripled since 2019, when 84 cities featured seven-figure entry-level homes.
Tag: U.S. economy
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U.S. ECONOMIC GROWTH DOUBLED IN SECOND QUARTER
U.S. GDP grew by 2.8 percent in April through June, doubling the first quarter’s pace of 1.4 percent.
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ECONOMIC UPDATE—MARKET OVERVIEW
The data is there for all to see, but most believe in what they want and facts don’t matter.
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SPOTLIGHT: TOP TREND 2023, OFFICE BUILDING BUST
Deutsche Bank will see loan losses equivalent to 0.30 percent of the value of its loan portfolio this year, the bank said last week. Earlier, it had warned of losses that could be as low as 0.25 percent.
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SPOTLIGHT: BIGS GETTING BIGGER
This year’s surge in mergers and acquisitions has rewarded Goldman Sachs with a 150-percent gain in its second-quarter profits, lifting them to $3 billion.
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BOND MARKETS REVIVE THE “TRUMP TRADE”
“Trump trades,” popular when Donald Trump won the presidency in 2016, are trades that capitalize on a pro-business climate of deregulation, low interest rates, and tax cuts.
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VANCE SELECTION COMPLETES GOP SHIFT TO ECONOMIC POPULISM
Donald Trump’s choice of Ohio senator J.D. Vance as his running mate “cements the Republican Party’s shift from the free-market conservatism of the Reagan and Bush eras to the economic populism of the Make America Great Again movement,” the Financial Times said last week.
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ECONOMIC UPDATE—MARKET OVERVIEW
As trend forecasters, we note that “Opportunity misses those who view the world through the eyes of their profession.” What this means is that when a person is deeply absorbed with whatever sector of work they live in, and stuck in a political/social belief system, they are blind to the essential current events forming future trends.
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SPOTLIGHT: BIGS GETTING BIGGER
JPMorgan Chase’s investment banking fees rocketed up 50 percent in this year’s second quarter compared to the same period last year, the bank said.
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SECURITY OF GOVERNMENT’S DATA AT RISK, STUDY SAYS
The security of the U.S. government’s data on jobs, consumer spending, crime, education, demographic trends, and other fields is at growing risk, according to a new study by the American Statistical Association.