Tuesday, May 9, 2023

The FOMC And US Economy / International Concerns -- May 9, 2023

Locator: 44601ECON.
 

A reader sent me this graphic, no source, link here


My not ready-for-prime-time reply:
  • very interesting graphic.
  • only two huge changes: banking and real estate
    • banking risk is temporary, manageable, and, for the time being, contained.
    • they need to separate residential and commercial real estate:
    • commercial
      • in major cities on east and west coasts, commercial property values plummeting; with 50% of office workers not returning to work, a lot of empty office buildings
      • Jeff Bezos should send AOC a huge thank you for stopping huge Amazon facility on Long Island
    • residential real estate
      • not sure what the problem is there to contribute to that 12% to 52% -- I think the 12% to 52% is all commercial risk.
    • in Texas, and I bet across the entire fly-over country, real estate is a minor problem in comparison to commercial real state on east / west coasts.
  • it's nice to see they are not worried about:
    • debt ceiling
    • southern surge
    • cost of cars

After receiving the graphic, this


 

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