70 Words
Economist expect Treasury rates to rise going forward; here’s why. Government debt sales are set to double to $1.3 trillion in 2018, tops since 2010. Moreover, the Fed will be shrinking its balance sheet and will thus be a net…
The nation with the highest debt-to-GDP ratio in the world is Japan, where the ratio is an astonishingly high 240.3%. Greece follows with a ratio of 180.2%. Italy is third at 133% and then comes Portugal at 125.7%. While Spain…
The Friday File: I wish to take this opportunity to thank you all for your interest in my daily economics blog. All of you enrich my life in many ways; I am deeply appreciative. I wish you and yours the…
In 1963, Mile 47 Camp, northeast of Valdez, Alaska was buried by 78 inches of snow during the 24 hours ending 2/9/63, tops in the US. Next is Silver Lake, Colorado, which received 75.8 inches of snow in the 24-hour…
While November newly built single-family sales were 733,000 on an annualized adjusted basis, the best level since 7/07, and up 17.5% from October, don’t break out the champagne. Sales were up 17.6% because October sales were revised down by 61,000.…
As tight as the affordable rental housing market is, it’ll worsen. The Republican tax plan lowers the corporate tax rate from 35% to 21% and lowers taxes on pass-throughs. These changes will reduce the value of tax credits used to…
The Friday File: Inflation, as measured by the Christmas Price Index, based on purchasing all items in “The Twelve Days of Christmas,” rose 0.7% in 2017 and cost $34,559. The costliest item, seven swans-a-swimming at $13,125, unchanged from 2016. Five…
In the District of Columbia, 17.3% of all houses are worth more than $1,000,000. California follows at 13.6%, with Hawaii in third at 13.5%. Rounding out the top six are New York at 7%, Massachusetts at 5.2%, and Connecticut at…
November existing housing sales rose to a seasonally adjusted annualized rate of 5.81 million, tops since 12/06! But, curb your enthusiasm! Inventory levels, which were already painfully low at 1.8 million, fell to just 1.67 million. They are 9.7% lower…
While total household net worth in 17Q3 hit a record $96.9 trillion, if ranked by net worth, households below the 85% percentile remain worse off than before the Great Recession! Thus, mean net worth of roughly $700,000 is at a…