Locator: 44992ECON.
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Debt - GDP
A lot of story lines in the following.
Depending which set of glasses / lenses / filter one is using, determines the story lines:
- political filter
- GOP's
- dems'
- economic filter
- investing filter
- Krugman's filter -- best filter for looking at this data, seriously.
- personal bias filter
- the MSNBC filter
- the Fox News filter
- the oily-stained Bakken filter
UK:
- sets record.
- debt = 100.1% of GDP
- inflation, rose again, remains over 8%
US:
- recent:
- debt = 116.1% of GDP; most recent quarter;
- debt = 123.4% of GDP; 4Q22;
- debt = 123.6% of GDP; 3Q22
- inflation falling, and now trending toward 4%
- historical
- all-time high: 132.4% in March, 2021; President Donald Trump (yup) left office January, 2021
- record low, 31.8%, September, 1974: President Nixon resigns, August, 1974
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Housing
Yesterday's big story.
Today: it continues.
Liz Sonders, link here.
Great, great news for apartment dwellers.
All of those units will require furniture and refrigerators, computers and monitors, furnaces, a/c units; mirrors, and monthly subscriptions to Disney+;
some (many, most) will have dishwashers, washers, dryers, and live-in boyfriends
Personal note: we live in a metropolitan area that is showing huge population growth;
housing is in great demand:
- we just signed a new 15-month lease (max duration we could get):
- no increase in any of the add-ons (garage, carport, storage); amenities
- base rate increased less than 3%; in dollars, we won't even notice increase in monthly rent
- monthly rent increase less than what I spend at Starbucks each month
- my hunch: property taxes will easily go up more than 3% on homes
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The Housing Numbers For Last Month
Reposting:
Locator: 44977ECON.
Housing starts, month/month:
- May, 2023:
- forecast: a decrease, estimate -0.1%
- actual: an astounding +21.7%
- prior:
- revised down
- original was: +2.2% month over month
- revised: -2.9%
Housing permits, month/month:
- May, 2023
- forecast: 0.6%
- actual: a remarkable 5.2%
- prior:
- no change
- original was: -1.4%
- revised: -1.5%
Someone needs to "draw" simpler graphs. LOL.
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