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Animal Spirits: Are You Middle Class?
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The industrial real estate market in the US is experiencing a period of remarkable growth. Clarion Partners’ latest research report examines the strong performance of the sector, which is driven by e-commerce companies, strategic inventory stockpiling and the development of specialized subtypes such as industrial outdoor storage (IOS). Discover top insights on why US industrial real estate continues to outperform.
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On today’s show, we discuss:
Yardeni Says Fed Cut Raises Odds of 'Outright Melt-Up' in Stocks
Are you in the American middle class? Find out with our income calculator
US Online Grocery Prices Plunge the Most on Record in August
Baby Boomer Housing Market 2024: More Than Half of Older Owners Never Plan to Sell
Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit.
With Bluesky, the social media echo chamber is back in vogue
Charts:
Tweets:
Today is set to be the biggest gap higher for the S&P 500 ETF $SPY (+1.6%) after a scheduled Fed Day since 10/30/08 (+2.9%) after Bernanke cut by 50 bps in the midst of the Financial Crisis.
— Bespoke (@bespokeinvest)
12:45 PM • Sep 19, 2024
Kids born on this date are now old enough to drive.
@MikeZaccardi $LEH $MER $AIG
— Carl Quintanilla (@carlquintanilla)
12:59 PM • Sep 15, 2024
IMHO investors would rather access illiquid assets like private eq/credit in ETFs and deal with discounts and premiums (even steep ones) than in an interval/closed end/mutual fund.. one eg $HYD which traded at 29% discount in 2020, since then it's remained very popular, even… x.com/i/web/status/1…
— Eric Balchunas (@EricBalchunas)
1:55 PM • Sep 18, 2024
1/ Some things are different, some things are different.
The job market for people in their early 20s is behaving like a pretty standard recessionary cycle (albeit early in that cycle).
Employment is falling. Unemployment is rising.
— Guy Berger (@EconBerger)
3:05 PM • Sep 12, 2024
Gen Z just overtook Baby Boomers
U.S. full-time workforce, by generation
Millennials: 49.5m
Gen X: 42.8mBaby boomers: 17.3m
Gen Z: 17.1m— Lance Lambert (@NewsLambert)
12:46 AM • Sep 23, 2024
Powell says lower rates will bring sellers and buyers back to the housing market.
In fact, more locked-in homeowners and renters are itching to move soon.
If we get 100+ bps of cuts by next March, spring 2025 could see a big spike in both listings and sales.
— Eric Finnigan (@EricFinnigan)
7:35 PM • Sep 18, 2024
from JPM: "Median balances in June 2024 were 15% higher than they had been in June 2019 for low-income households, and 5% higher for high-income households
— talmon joseph smith (@talmonsmith)
8:49 PM • Sep 19, 2024
BREAKING: X is about to remove the current block button, meaning that if an account is public, their posts will be visible to the blocked users as well!
— Nima Owji (@nima_owji)
6:03 PM • Sep 23, 2024
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