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Collapse in Prospective Home Buyer Traffic

The Big Picture

This brings us to the chart: The one above shows the traffic of prospective buyers looking at a new home (2014- 2022); the one below goes back to the 1980s. The four largest drops occurred during distinct periods of economic distress: 1990 (recession), 2006-09 (GFC), 2020 (pandemic/recession), and today (FOMC 300 bp rate hike).

Budgeting 363
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Where is This Rally Going?

The Big Picture

If you are in a top tax bracket and have residency in a high-tax state with strong credit quality – think Ohio, New York, Massachusetts, California, Connecticut, etc. – Cash in No Longer Trash : TINA is officially over. you should be looking at Munis here. Depending on the specifics a 4.5-5%

Taxes 276
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Which is Worse: Inflation or Unemployment?

The Big Picture

And it was a miserable economic time, with both of these elevated measures together creating a period of unhappy people that the Misery index neatly captured. As Zunbrun observes, “ The Misery Index, as commonly constructed, doesn’t adequately capture how overall economic conditions affect attitudes.”. 46, October 2014).

Economics 317
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How Did Covid Impact the Minimum Wage Someone Would Accept for a Job?

Mish Talk

What is the lowest wage or salary you would accept (BEFORE taxes and other deductions) for this job? Reservation Wage Between March 2014 and March 2020 Working: +19.3 Respondents’ satisfaction with wage compensation, non-wage benefits, and promotion opportunities at their current job all improved in November compared to July.

Food 130
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Chinese Tech Giants Lose Their Backers

Validea

Last month, Tencent posted the first revenue decline its seen since 2014, and present economic conditions in China make it unlikely to get back on track any time soon as the gaming industry deals with stricter regulations and ongoing Covid lockdowns.

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Markets retest lows as pessimism surges

Nationwide Financial

The statement was little changed from July, though the Summary of Economic Projections (“dot plot”) rose the median rate to 4.4% This would solidly exceed the previous record of 2014 which saw a 13% gain. This would solidly exceed the previous record of 2014 which saw a 13% gain. The terminal rate moved to 4.6% What to Watch.

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No Pain, No Gain

Investing Caffeine

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