Well database: a new app has been linked at the sidebar at the right -- "well database."
MDU increased dividend by 2.4% to $0.2125.
Oil demand, from twitter earlier today:
Gasoline demand: link here, unremarkable. Baseline has simply been reset.
US homes: prices increase twelve percent, fastest rate since 2013.
Joe Biden is going to inherit a booming economy. We've talked about
this at length before -- not so many a net increase in homes but rather a
mass migration of folks from undesirable areas to desirable areas.
Absolutely fascinating. Link here.
Rumor: Biden-Harris want to impose a 35% tax on all homeowners -- 35% federal tax on the value of all homes annually starting in 2022. This would be a tax on the elite -- only the elite in American can afford to own homes any more. Germany also looking at an "elite" tax. Germany is looking at a more reasonable 5% federal tax on all those working from home, again because only the elite can work from home. Some consider working from home a luxury so maybe "we" can look forward three new taxes in the next few years:
- a "wealth" tax;
- a "luxury" tax for those who work from home;
- an "elite" tax on homeowners
..... what a great country!
Economy: Joe Biden will inherit an incredibly strong economy. But there will be tectonic changes in how things get done. We've talked about this before. Most recently, see "the 'pandemic' and western civilization" at this link. Now this, Dollar General will build an $85-million distribution center in Nebraska. Link here.
- Blair, NE
- 800,000-square-foot-facility (a typical Walmart: about one million square feet)
- will employ 400 people
- will serve 1,500 stores across the region
Long haul trucking, regional trucking, and last-mile delivery will surge by 2025. I think this is fascinating. The big question is to what degree railroads will play? Coal is gone. Later: see first note -- a) container shipments; and, b) all trucks will be EVs.
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The Internet Frontier
Remote Learning -- Studying Texas History
Railroads can ship containers at much lower cost than a truck. What I see is that container shipments go to large regional distribution centers, then to trucks for last 200 mile deliveries. INMHO in 5 years trucks will be running on battery power.
ReplyDeleteI agree with you a 1000%. Thank you for taking time to write. I had forgotten about all those container shipments. But you are so correct.
Delete35% Annual Property Tax? I hear Biden wants 1 slice of every pizza delivered in the month of February. And half of all the toppings!
ReplyDeletePlease see link for the rumor explanation...
https://www.abc10.com/article/news/verify/verify-biden-not-proposing-increased-property-tax/507-6875ac72-37d7-452f-ae88-05ac29ad93ba
We thought the Trump administration was exciting; I can't wait to see what the Biden administration comes up with.
Delete