DID YOU KNOW?
All 23 of the U.S. banks included in the Federal Reserve’s annual stress test weathered a severe recession scenario while continuing to lend to consumers and corporations. The rate of total loan losses varied considerably across the banks, from a low of 1.3% at Charles Schwab to 14.7% at Capital One; credit cards were easily the most problematic loan product. (CNBC)
DID YOU KNOW?
From 1940 to 2019, Americans’ life expectancy rose by almost 16 years, while the share of the U.S. population 65 and older grew from 9.8% to 16.7%. The elderly have progressively more healthy years to work. Most important, increased life spans have meant that older Americans’ wealth portfolios have been able to compound for longer. eg: Warren Buffet was worth around $30 billion two decades ago at the age of 72.....today at age 92 he's worth $111 billion....even after giving away over $50 billion!
DID YOU KNOW?
Only 28% of millennials (ages 27 to 42) and members of Gen Z (ages 18 to 26) answered “not at all” when asked if they still relied on their parents for financial support. 70% of millennials felt ashamed doing so. About 57% of millennials and Gen Z in the study said that they have a hard time saying no to impulse purchases. And more than 60% said they would prefer to spend money on life experiences now than save for retirement. (Experian) ……Oh boy!!!!
DID YOU KNOW?
What happens in Manhattan STAYS in Manhattan? Possibly......three major players are bidding to build a massive casino in the middle of New York City to drive tourism.....and tax dollars!
DID YOU KNOW?
DEVELOPERS AND CODING TOOLS- According to a survey of 500 engineers, software developers are embracing AI coding tools with open arms. 92% of U.S.-based developers are putting these tools to use. More than 4 out of 5 developers credit AI tools with boosting team collaboration. Moreover, 70% of developers note improvements in code quality, completion time, and problem-solving capabilities. (AI DAILY BRIEF, Rich Hoppen)
DID YOU KNOW?
Might Chile be the next Saudi Arabia? Chile is the world's leading producer of copper, and GDP growth has been driven by exports of minerals, wood, fruit, seafood, and wine....but it also has amongst the world's highest quantity of commercially viable lithium.....a key ingredient for EV batteries. Home prices in Chile were up almost 139% in the past two decades..... Chile is one of the most earthquake prone regions in the world: Chile's building codes require that all new buildings must be able to survive a 9.0-magnitude earthquake.
DID YOU KNOW?
While technology has been an outstanding investment over the past two decades, let's not forget just how much (commercial)real estate is required to drive technology: data centers, cell towers, etc..... then for all those online retail sales - the 'eliminate; the need for malls, shopping centers, etc - are distribution centers: Amazon alone has about 150 million square feet of (cheaper-than-retail) warehouse space! The U.S. will need to add over 300 million square feet of warehouse space dedicated to online fulfillment by 2025 in order to keep pace with the expected uptick in e-commerce sales over the same time period. (CBRE) E-commerce sales in the U.S. could increase to 26% of retail sales by 2025. Globally, there may need to be an increase of 1.5 billion square feet to keep up with a $1.5 trillion uptick in e-commerce sales by 2025. (Retail Dive)
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