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The Friday File: Recently, a 1952 Topps Mickey Mantle baseball card sold at auction for $12.5 million, a new record that broke the previous sports memorabilia record set this May of $9.3 million for Diego Maradona’s “hand of God” jersey…

As recently as four months ago, the March Case-Shiller National Home Price Index (which is an average for the three months ending in March) showed M-o-M price appreciation of 2.1%. In April, the appreciation rate declined to 1.7%, in May…

The combination of high inflation, rising rates, and a European war has frozen IPOs. YTD, only $5 billion has been raised, a year ago the amount raised exceeded $100 billion, and on average going back to 1995 the amount raised…

The total cost of the student-loan relief package is about $500 billion to the Treasury, with about $360 billion in immediate cancelled debt costs and the rest coming over about a decade. As for inflationary impacts, they are likely to…

This past Friday, Fed Chair Jay Powell gave a major speech outlining the Fed’s monetary policy approach for the near future. Importantly, the phrase ‘soft landing’ was nowhere to be found, a deliberate decision. Instead, the word ‘pain’ made an…

The Friday File: In 1995, Americans ate 75 lbs/year of beef, 50 lbs/year of pork, 37 lbs/year of chicken and 8 lbs/year of turkey. Since then, the amount of pork consumed has not budged and in 2022 is still 50…

Over the past two years, 29% of the working population changed employers. Among Boomers the percentage was low at just 15%, for Gen Xers 17%, and for Millennials an elevated 32%. However, for Gen Zers it was a whopping 49%.…

According to the National Association of Realtors, Y-o-Y home price appreciation through 7/21 was 17.8%, and with annual inflation, as measured by the CPI at 5.4%, real appreciation was a very strong 12.4%. The housing market has since weakened and…

Since 8/1/22, the probability of the Fed raising the Fed funds rate by 75bps vs. 50bps has moved from a low of 20% on 8/2/22 to a high of 80% on 8/5/22 after release of the hot July employment report.…