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Did You Know?
The six largest U.S. banks put up $16.3 billion in stock trading in the quarter, 33% more than a year earlier. Some bankers are LOVING the market volatility! More trades = more fees.
Did You Know?
Metropolitan areas in the US contribute roughly 90% of the US economic output. This means that a large share of the country's overall economic activity and production originates from cities and their surrounding areas. Over 86% of Americans live in these areas.
Did You Know?
Did automation and technology shift the US economy more than anything? Economic output and manufacturing has actually grown over the past few decades, but employment in these sectors has wilted..... It used to take more than 70% of the population to make enough food for everyone, now 2% can do it. Manufacturing’s share of nominal GDP fell from 28.1% in 1953 to 12% in 2015, and its real GDP share remains flat. In the 1950s, around 35% of private-sector jobs in the U.S. were in manufacturing. Today, there are 12.8 million manufacturing jobs in the U.S., an amount equal to 9.4% of those private-sector jobs. (WSJ)
Did You Know?
In terms of size and influence on the global economy, the credit (bond) markets are generally considered more important than stock markets. In 2023, the global bond market was estimated to be worth $140.7 trillion, over 21% larger than the global equity market valued around $115 trillion. While stock markets are vital for funding long-term growth, credit markets are larger, and play a crucial role funding short-term cash flow/daily operations.
Did You Know?
LVMH - a great insight into luxury consumer spending - saw organic sales of fashion and leather goods fall 5% year-on-year in the first 3 months of 2025, missing expectations for a 1% rise..... before the April tariff announcements. Will sales pause and resume? Watching luxury markets is important to the economy as about 50% of all spending is done by the top 10% of earners: consumer spending accounts for about 70% of US GDP. (FT)
Did You Know?
Will many high-paying manufacturing jobs be coming within the next 12-15 months to Texas and Arizona? Nvidia is building manufacturing plants for its supercomputers in Texas, partnering with Foxconn in Houston and with Wistron in Dallas. To help design and operate the manufacturing plants, Nvidia will use its own technology to create “digital twins” of the factories and build robots for specialized automation. Nvidia said on Monday that it has commissioned more than a million square feet of manufacturing space to build and test AI chips in Arizona and Texas as part of an effort to move a portion of its production to the U.S.(CNBC)
Did You Know?
Not only does real estate act as a form of forced savings, but it also offers tremendous leverage. You can buy a $1 million property with a $200,000 down payment if you put 20% down. If you have a good credit score and a low debt-to-income ratio, you might even get away with a 3% down payment. Very few investment opportunities allow you to put down $30,000 to gain ownership of $1 million worth of assets. You have to contend with mortgage payments for up to 30 years, but if you earn rental income from the property, you break even while building up equity.
Did You Know?
In 2024 Dallas permitted the construction of 72,000 new homes, or about 75% as many as the entire state of California.(Moody’s Analytics)
Did You Know?
Baby boomers accounted for 42% of U.S. home sales between July 2023 and July 2024, topping millennials, who accounted for 29%. The share of Gen-Xers (ages 46 to 60) remained steady at 24%, while Gen Z-ers (ages 14 to 25) made up just 3% of buyers. (NAR)
Did You Know?
The $600 million-plus 390-foot mega-yacht - about as high as a 40-story building, 90ft taller than the Statue of Liberty - allegedly belonging to Bill Gates runs on “green” energy, with its only emission being water, thanks to two 28-ton vacuum-sealed tanks that power the ship with liquid hydrogen. Rumor has it that it's being sold.... (NY POST)
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