Econ70

The Friday File: The state with the highest percentage of persons born in state of current residence is Louisiana at 77.6%, meaning 22.4% were born in another state or country. Michigan’s second at 76.2%, then Ohio at 74.7%. Mississippi is…

Over the next five to ten years, housing will enjoy a nice tailwind primarily due to demographics. With the youngest Millennials now 26, the demand for single-family units will steadily rise, but the Millennial’s inability to accumulate wealth due to…

The FY2020 (10/1/19-9/30/20) budget deficit of $3.1 trillion more than tripled from $984 billion in FY2019. As a share of GDP, the deficit rose from 4.6% to 15.2%, the largest since 1945. Revenues totaled $3.4 trillion, down just 1% from…

To reach herd immunity, 65% of the of the population needs to have Sars-Cov-2 immunity. If the initial vaccine is 80% effective, 81.25% of the population needs to be injected, assuming no one is initially immune. However, 35% of Americans…

Earlier today, the Nobel Prize in Economic Sciences was awarded to Americans Robert Wilson and Paul Milgrom, both professors at Stanford for their work in improving and designing auctions; a branch of game theory made famous by John (A Beautiful…

The Friday File: Last month, a team of wave engineers determined that Brazilian big wave surfer Maya Gabeira, assisted by her tow-partner Sebastian Steudner, who was sea-dooing at 50 mph while slinging her onto the lip of the giant wave,…

Since 1977, and especially since the mid-1990s, states have steadily raised the age for which a child must sit in a car safety seat. These laws have saved 60 lives/year. So few because seatbelts are as safe as child car…

The delinquency rate for mortgages on one-to-four-unit residential properties, including loans in forbearance if a payment was not made, jumped from 4.36% in 20Q1 to 8.22% in 20Q2. This is the biggest quarterly jump ever and 8.22% is the highest…

In 2019, median family income was $58,600. With less than a HS diploma it was $30,800; with a HS diploma it was $45,800; with some college it was $51,200; and with a college degree it was $95,700. Median income for…

While 661,000 jobs were created in September, that’s way down from 4.8 million in June, 1.7 million in July, and even 1.5 million in August. The trend is troubling. We’ve only made up 51.5% of lost jobs, leaving us 10.7…