Mapping the US Regions With the Highest Inflation
Consumer-prices growth slowed in many US regions in January — although inflation isn’t coming down as fast as economists expected. Southern and Pacific states once again saw higher-than-average annual rates. East South Central — which includes Alabama, Kentucky,...
Apollo’s Zelter Sees Pockets of Stress in US Economy
Apollo co-president said some firms have too much debt Zelter sees signs of ‘hardening’ economic conditions Apollo Global Management Inc. Co-President Jim Zelter said that while the overall US economy and consumer remain relatively strong, he sees pockets of stress...
Labor worries, costs drag small business sentiment down by most in 13 months -NFIB
NEW YORK, Feb 13 (Reuters) - U.S. small business sentiment fell to its lowest since May 2023 in January, according to a report published Tuesday, as labor costs and slowed sales squeeze bottom lines. The National Federation of Independent Business monthly sentiment...
US Small-Business Optimism Drops by Most Since End of 2022
NFIB’s index decreased two points in January to 89.9 Share expecting better sales fell by most since mid-2022 US small-business optimism last month suffered the biggest drop in more than a year, due to deteriorating profits and diminishing sales expectations,...
BofA Survey Shows Investors Are All In on US Tech Stock Rally
Investor allocation to tech stocks highest since August 2020 Survey shows global growth expectations hit two-year high Investors are going “all in” on US technology stocks as they turn the most optimistic about global growth in two years, according to a survey by Bank...
German Homebuilders Start the Year More Pessimistic Than Ever
Business climate in housing construction dropped to record low Outlook for the coming months is ‘bleak,’ Ifo’s Wohlrabe says Sentiment among homebuilders dropped to the lowest level since records began in 1991 as Germany’s construction slump threatens to intensify...
MSCI to Remove Swath of China Stocks From Indexes as Markets Sink
Index provider to delete 66 firms from MSCI China benchmark The changes also apply to the provider’s all-country gauge MSCI Inc. is cutting dozens of Chinese companies from its global benchmarks following a market rout that’s erased trillions of dollars in value from...
Great Inflation Hedge Unwind Sees TIPS ETFs Lose $43 Billion
Outflow shows reduced need for hedge as Fed cools inflation Retail investors yanked money after record TIPS losses The great market inflation hedge of the pandemic era is officially over. Between cash outflows and capital losses, the combined assets of the 10 largest...
CRE Loans Coming Due in 2024 Balloon by 41%, to $929 Billion, as Loans that Matured in 2023 Weren’t Paid Off but Extended
Extend and pretend kicks into high gear. For example, the $975 million mortgage on a San Francisco office tower. The portion of the $4.7 trillion in US commercial real estate debt that will come due this year – and in theory must be paid off through a sale,...
Even Banks in Asia-Pacific (APAC) on the Hook for US Office CRE: Fitch
That’s what “spread far and wide” means. During the US CRE bubble, yield-chasers not just in the US but globally gorged on invincible US CRE. We talked a lot about how exposure to the massive losses in US commercial real estate has been spread far and wide,...
Measuring Treasury Market Depth
A commonly used measure of market liquidity is market depth, which refers to the quantity of securities market participants are willing to buy or sell at particular prices. The market depth of U.S. Treasury securities, in particular, is assessed in many analyses of...
The Global Tremors From China’s Real Estate Crisis Are Only Just Starting
Overseas developments from Mayfair to Toronto hit the market Discount prices could force a reassessment of industry losses Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a...
The CBO Budget and Economic Outlook: Debt Projected to Grow to Record Highs
The Congressional Budget Office (CBO) released its annual Budget and Economic Outlook, providing 11‐year fiscal projections for 2024 to 2034. The CBO’s new report arrives as Congress gears up for another budget fight with annual discretionary spending and...
Wealth Inequality by Age in the Post‑Pandemic Era
Following our post on racial and ethnic wealth gaps, here we turn to the distribution of wealth across age groups, focusing on how the picture has changed since the beginning of the pandemic. As of 2019, individuals under 40 years old held just 4.9 percent of total...
