In 2015, US exports totaled $2.23 trillion. Canada, our largest export market, purchased 19%, or $423 billion of exports. Mexico was next at 16%. Collectively, both NAFTA partners purchased 35% of American exports. China was a distant third, purchasing 8%…
After spending a record $19.7 billion last year, or $146.84/celebrant, spending this Valentine’s Day is expected to be $18.2 billion; $136.57/celebrant. It’s partly because the percentage of Americans celebrating Valentine’s Day has declined from 63% to 54% since 2007. As…
While Trump’s policies will impact many nations, Mexico will be the most negatively affected. A stronger dollar will make repayment of its dollar-denominated bonds tougher and simultaneously raise inflation. To counter this, the Bank of Mexico has raised rates by…
Elliot was interviewed by Denver Post columnist Aldo Svaldi after he spoke to the Colorado Assocation of Realtors about the Denver housing market. Read more here.
The Friday File: While global wealth totals $255 trillion, the median wealth of all 4.8 billion global adults is just $2,222; the average is $52,819. In North America, it takes $4.47 million in wealth to be in the top 1%,…
In 2016, the US trade deficit hit $502 billion, its highest level in four years. In percentage terms, it fell to 2.7% of GDP, down slightly from 2.8% the last few years. By definition, the size of the trade deficit…
Keynote speaker, Elliot Eisenberg, offers apology for long list of ‘bad news’ about challenges ahead. Read more here.
Y-o-Y CPI inflation is 2.1%, but as recently as 9/15 was 0%. Similarly, producer price inflation has risen from -8.4% in 9/15 to 2.6%, and import inflation has climbed slightly more. The Fed’s preferred inflation measure, core PCE, has increased…
Foreign-trained doctors make up 22% of all doctors in family medicine, 25.5% in pediatrics, 30.2% in psychiatry and 38.6% in internal Medicine. In critical-care, the number is 41%, in cardiology it is 43.6%, in nephrology (kidneys) it’s 47.2% and in…
The 227,000 new jobs created in January were excellent as was the rise in the unemployment rate to 4.8% from 4.7% due to the rise in the labor force participation rate from 62.7% to 62.9%. But, December wage growth was…