Well, that escalated quickly. The Federal Reserve Bank of Atlanta’s GDPNow is one of the most reliable indicators of where the gross domestic product is heading as it emulates the same measurements the Bureau of Economic Analysis (BEA) uses. It is usually off by a few +/- percentage points. It accurately called the first- and […]
Archives for September 2022
$1.95 million property in Toronto includes a toilet in the bedroom
The Toronto real estate market is going through an enormous downturn, although it is unlikely to erase the pandemic-era gains. That said, North America’s fourth-largest city still has plenty of things wrong with its housing sector, fueled by artificially low interest rates. An example of this is a home in the heart of Toronto, selling […]
Inflation: State-Sponsored Terrorism
By: Jeff Deist Remember the quaint old days of 2019? We were told the US economy was in great shape. Inflation was low, jobs were plentiful, GDP was growing. And frankly, if covid had not come along, there is a pretty good chance Donald Trump would have been reelected. At an event in 2019, my […]
Good news? S&P Services PMI weaken amid recession concerns hurt demand
This is good news? For whatever reason, the business media is celebrating the latest purchasing managers’ index (PMI) readings for August, which were rather disappointing. The S&P Global Composite PMI weakened to 44.6 last month, down from 47.7 in July. The S&P Global Services PMI dropped to 43.7, down from 47.3 in the previous month. […]
Shock: New British Prime Minister Liz Truss is a World Economic Forum member
The world’s new favorite pastime might be to visit the World Economic Forum (WEF) website more often. Apparently, every time someone is elected to a head of state position, it would be a good idea to check WEF to see if that person is a member. Well, to no one’s shock, Liz Truss, the new […]