The trade deficit is still way above 2019 and 2020 levels. Why it matters: During Q1, booming imports helped drag GDP into its first contraction of the year, which lit the fuse on recession fears. August’s encouraging data means the economy has a tailwind, albeit a modest one, at a… Read More »US Trade Deficit
It looks like Job Opening have taken a tumble in August and with stocks being rocky in September there may be more to come. Now, the bad: The number of job openings as measured by the Labor Department (JOLTS) plunged in August by over 1 million — well more than… Read More »August Job Openings
Arizona has grown leaps and abound these past five years. Most of the people have come from California by a large margin. Roughly 64,000 Californians moved to Arizona annually during 2016-2020. What states send the most migrants to Arizona? We can get a good idea from the U.S. Census Bureau’s… Read More »2016-2020 Migration To AZ
This year has not been a good year to do an IPO and it shows in the number of IPOs. When stocks are down 24%, it may not be the best time to go public — and IPOs have all but disappeared this year, Axios’ Kate Marino writes. Worth noting:… Read More »IPOs Where Have They Gone
GDP is down and GDI leveling off, the question is why are they diverging. A big mystery for economic wonks everywhere has been the unprecedented divergence between two growth yardsticks that, historically, have been more aligned. Revised figures today bring the measures more in step, and partly solve the mystery.… Read More »GDI and GDP
The British pound is dropping like a rock. Covid, war in Ukraine and brexit are all things affecting the British Pound. The British pound hit a new low against the dollar on Monday — the financial equivalent of a no-confidence vote in new Prime Minister Liz Truss. The big picture: Britain’s… Read More »Getting Pounded
The mean center of population keeps moving west The center of population has moved nearly 900 miles from its original location in Kent County, Maryland. In those 230 years, the nation has grown and expanded, and the center of the U.S. population has marched steadily westward — through Ohio, Kentucky,… Read More »Mean Center of Population
If you have been to the grocery store it is no secret that prices are way up year over year and phoenix metro has been hit especially hard The Phoenix metro area experienced the biggest consumer price index (CPI) increase in the country over the past year — 13% State… Read More »CPI In Major Metros
As interest rates increase more people will be pushed toward rentals. Which will continue to push up rates. Why it matters: Housing costs, including skyrocketing rent prices, are a major driver of inflation, as Matt explained last week. What’s happening: The U.S. median rental price fell last month for the… Read More »Rents Took A Slight Dip
With the Fed increasing basis rate by .75 yesterday to 3.25%, mortgage lending is going to continue to decline. The 30-year-mortgage rate just hit 6.25%, up nearly a quarter-point from last week, per the Mortgage Bankers Association’s report out yesterday morning…… Why it matters: It’s lean times in the real… Read More »Mortgage Lending