I spoke to a trade group in Ohio recently and was asked the question “When will higher paying jobs return to the US?” I replied that manufacturing jobs, once the big wage earner in Ohio, had been declining since the end of the 1940s.
New York City, composed resrticted land masses such as Manhattan, Brooklyn and Staten Island, has the most expensive housing rents in the nation followed by another restricted land mass known as San Francisco.
BB King sang it best: “The Thrill Is Gone” At least in the US Treasury market and the 10year-2year yield curve slope.
The Bureau of Labor Statistics (BLS) just released their May jobs report. In a nutshell, it looks like The Fed’s Famous Chili Recipe.
According to the April US Census Bureau report, construction spending fell -1.4% since March.
Retail inferno! According to a study cited in the Los Angeles Times, up to 20-25% of U.S. shopping malls may close in the next five years.
The National Association of Realtors has some not-so-great news this morning on Pending Home Sales.
I doubt if anyone on The Fed’s Open Market Committee (FOMC) cares, but Core CPI YoY has been falling and is now below The Fed’s target inflation rate of 2.0%.
The leading global Central Banks (the US Federal Reserve, the European Central Bank and the Bank of Japan) are in a race .. to see which one can expand their balance sheets the most.
Yes, the retail massacre continues, at least for mall stores.