Category: TRENDS ON THE U.S. ECONOMIC FRONT

Go back to 2017. From the day Donald Trump took office until the COVID War began last February, a week did not go by where the “experts” used the ruse that the equity markets were moving up or down on the U.S. vs. China Trade War battle. The U.S. Lost the Trade War The annual...

Despite a boom in home remodeling, more than half of U.S. major metro areas lost construction jobs in 2020, the Associated General Contractors of America (AGCA) has reported. Jobs were lost in 191 of 358 areas or 53 percent. Houston, New York City, and Midland, TX lost the most; Indianapolis, northern Virginia, and Seattle added...

With business travelers still off the road and leisure travelers beginning to return to the skies, U.S. airlines are abandoning the traditional hub-and-spoke routing system that served road warriors so well and launching more nonstop flights to fun-seekers’ most popular destinations. “Given the lack of business demand, we’re focusing on leisure travel and providing more...

Afraid the coronavirus will kill you? Many are. Applications for life insurance rose 4 percent year on year in 2020, insurance industry consulting firm MIB Group reported. It was the largest one-year jump since 2001 when MIB began tracking the number. Younger applicants led the increase, with 7.8 percent more people under age 45 seeking...

In December and January, 21 percent more contracts for condo sales in Manhattan were signed than during the same months a year ago, reported UrbanDigs, an analysis firm. Flats in the upper east and west sides were most popular, figures show. The sales boost was propelled by pent-up demand colliding with fewer homes for sale...

Pershing Square Capital Management, a hedge fund managing more than $7 billion in assets, has increased its ownership share in Howard Hughes Corp. to almost 25 percent over the past seven months, according to public filings reported by the Wall Street Journal. The Hughes company is beginning construction on 1,475 apartment units in Hawaii, Las...

When the COVID War broke out last year and the mainstream media pumped up a steady stream of fear and hysteria, we had forecast that people would flee big cities to escape the coronavirus and rising crime rates. They did. A June survey by Pew Research Centers found that 28 percent of the people who moved...

The Biden administration named David Lipton, the former deputy director of the International Monetary Fund, to its international policy team. The Wall Street Journal reported that Lipton was named counselor to Secretary Janet Yellen, who heads the department. The paper said that both Lipton and Yellen tend to see China’s economic growth as a benefit for the...

THE BIG STORY VS. THE BIG PICTURE. The big story in America, the land of Fear and Hysteria, is the second Trump impeachment trial, even though he is out of office, and it may be unconstitutional. As we had forecast when the first one began back in December 2019 when the House of Representatives voted...

JPMorgan Chase has hired 400 people to create a digital bank in the U.K., the financial giant has disclosed. The new bank is being tested inside the company, using employees as customers, before opening to the public later this year. The bank will begin by offering checking and savings accounts, then move into loans and...