Inflation is up and inflationary pressures are still on. As outlined in MarketWatch: The numbers: The cost of goods and services rose sharply again in August and left the rate of U.S. inflation at a 30-year high, with all signs pointing to price pressures snaking into next year. The personal… Read More »Inflation up in August
According to BEA (The U.S. Bureau of Economic Analysis): Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2021, as real GDP for the nation increased at an annual rate of 6.7 percent, according to statistics released today by… Read More »2021 Q2 Real GDP Changes By State
According to Axios: Momentum is still building in the housing market. Pending home sales jumped 8.1% in August — far exceeding analyst expectations for around 1% growth. State of play: Pending sales, or signed contracts, had cooled during the prior two months, though remained above pre-pandemic levels. The latest figures, out… Read More »Home Sales Are Still Hot
Business Roundtable CEO Josh Bolten told reporters: All of our members are concerned … every one of them will get hit with a much higher tax bill, which makes it harder for them to raise wages or make investments Increasing taxes on America’s largest job creators by almost $1 trillion—nearly… Read More »CEOs Raise Concers With Higher Taxes
According to Axios: Demand for durable goods grew to a recent record in August, Axios’ Hope King writes. New orders reached $263.5 billion, the Commerce Department said on Monday, a 1.8% increase over July. Expectations were for 0.6% growth. Driving the news: Demand for transportation equipment drove the growth. Meanwhile, defense… Read More »Manufactures’ Expenditures for Durable Goods
As outlined by Statista: Successful business enterprises are they key to the wealth of the world’s richest families. According to a ranking by Bloomberg, three American families top the ranking of the world’s wealthiest. The top 2 – The Waltons and the Mars family – deal in consumer goods, while the Kochs in… Read More »The World’s Richest Families
As outlined in https://www.bea.gov/news/2021/personal-income-state-2nd-quarter-2021: State personal income decreased 21.8 percent at an annual rate in the second quarter of 2021 after increasing 56.9 percent in the first quarter, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA) (table 1). In the second quarter of 2021, the decrease… Read More »Personal Income Growth Rate
According to Axios: Why it matters: Fewer new buyers are opting into America’s competitive housing market that’s pushed prices to historic levels, economists say. “A number of potential buyers have merely paused their search, but their desire and need for a home remain,” NAR’s Lawrence Yun said in a statement. … Read More »First-Time Home Buyers Drops To New Lowsxios Visuals
Recognizing the strong momentum in the market, most brokers and M&A advisors are reporting optimism for the rest of 2021. There was a much more positive outlook for rising deal activity for the quarter ahead. Likewise, advisors also expect lifts in valuation. Source: IBBA & M&A Source Market Pulse 2021… Read More »2021 Q2: Expectations for new clients in the next 3 months, 5-point scale
The current M&A market is incredibly active, with North American deal volume hitting near-record peaks. Buyers, constrained by a relatively low number of sellers who went to market during the COVID-19 pandemic, continue to search for expansion and growth opportunities. Source: IBBA & M&A Source Market Pulse 2021 Q2 (published… Read More »2021 Q2: Seller Sentiment Increasing