The Urban-to-Suburban Exodus May Be the Biggest in 50 Years
This “exodus,” as some are already calling it, may end up being among the biggest in U.S. history, or at least the biggest since the 1950s and 60s. A record 27.4 percent of homebuyers sought to move out of their metro areas in the second quarter, according to Redfin data.
Stall Speed Economy
In this letter I find myself recommending policies that not that long ago would have been extraordinarily distasteful to me. Yet, unless we pursue them, our economy will truly be turned upside down. I fully recognize these things have a cost. But the cost of inaction is much higher.
Rational Exuberance? Explaining Global Equity Market Gains
Global stock markets seem to be defying the reality of recessions this year. Despite recent volatility, we think market gains for the year are more rational than perceived, given the powerful impact of stimulus and low rates on stock valuations.
Got Gold? Bottom-Barrel Rates to Last for Years to Come
At least through 2023: That’s how long the Federal Reserve expects near-zero interest rates to last as it seeks to support an economy that’s seen more than 60 million jobless claims since mid-March. Gold has thrived in this low-rate environment, hitting an all-time high of $2,070 an ounce in early August...
Four Myths About Investing Outside U.S. Markets
With U.S. shares reaching lofty valuations and fundamentals firming up in many other countries, financial advisors would be wise to consider increasing a client’s non-U.S. holdings. So why do many advisors hesitate making this allocation?
Updated: U.S. Household Incomes - A 50+ Year Perspective
This month, the Census Bureau released its annual report on household income data for 2019. Last year the median (middle) average household income rose to $68,703. Let's take a closer look at the quintile averages, which dates from 1967, along with the statistics for the top 5%.
Lessons From China
What are the lessons that can be learned from observing the Chinese economy and U.S.–China relations? Sinology explores the takeaways from five topics including China’s approach to controlling COVID-19, its economic recovery and Washington’s misguided approach towards China.
Inflation Blues: Fed Keeps Rates Near-Zero, Officially Adopts Average Inflation Targeting
Fed maintained rates at near-zero, while also updating its summary of economic projections; now expecting a shallower economic contraction, but a slower recovery thereafter.
Fed Determined to Stay Loose
The Federal Reserve was already holding short-term interest rates near zero. What today's meeting made clear was how determined the Fed is to hold them there for at least the next few years and perhaps well into the current decade.
New Residential Housing Starts at 1.4M in August
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for August new residential housing starts. The latest reading of 1.416M was below the Investing.com forecast of 1.478M and a decrease from the previous month's revised 1.492M.