Month: June 2025

The millionaire population totals 60 million. It rose by 685,000 last year, the US added 379,000. Unsurprisingly, they’re mobile. The biggest recipient nation of millionaire immigrants that also take on new citizenship in 2025 is expected to be the UAE…

The Friday File: The city with the longest gap, on average, between vehicle collisions/driver is Brownsville, TX at 14.2 years, followed by Boise, ID at 13.9, Fort Collins, CO at 13.4, and Cary, NC at 12.9. The US average is…

The dollar keeps weakening. The latest slippage may be because Trump intends to introduce the next Fed chairman 6-7 months before Powell’s term expires, highly unusual. Worse, the candidate list includes Kevin Hassett and Scott Bessent, true “yes men”. This…

Among the 31 NATO countries, the one spending the most on defense in 2024, as a percentage of GDP, at 4.12% was Poland, followed by Estonia at 3.43%. In third, the US at 3.38%, trailed by Latvia at 3.15%, then…

May existing home sales came in at a ho hum annualized rate of 4.03 million, up trivially from 3.95 million in 4/25 and down triflingly from 4.06 million in 5/24. Sales are flat as a hockey rink but inventory is…

In 2023, there were 291 hate crimes/million Jews, almost three times higher than the next most victimized group, the LGBTQ community at 111. In third, anti-Muslim hate crimes are at 79, then comes anti-Arab at 70, and rounding out the…

The Friday File: This past Father’s Day, Goliath, a 135-year-old tortoise at Zoo Miami, welcomed his first hatchling. He is believed to be the oldest first-time father in recorded animal history. The mother of the hatchling, Sweet Pea, is believed…

On 3/7/25, February net employment was initially reported as 151,000, but after multiple revisions the real number is 102,000. On 4/4/25, March employment was reported as 228,000, but now we know the number is 120,000. On 5/2/25, April employment was…

To the surprise of nobody, the Fed kept rates unchanged at today’s meeting. Powell deftly suggested that the Fed could adjust to what comes next, while simultaneously admitting it has no idea what to expect. As for the dot plots…

Unemployment claims came in at 248K for the week of 6/7, tied for the highest level in eight months. The four-week moving average of 240K is at the highest level since 8/23. As for continuing claims, they’re also rising. For…