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Flaming-Hot US Services Makes Mockery Of Powell’s ‘Restrictive’ Policy
The biggest part of the world's largest economy expanded at the brisket pace since October of 2021 early this month, underscoring, perhaps, the notion that the fabled "animal spirits" are indeed running amok post-election.
At 58.5, the flash read on S&P Global's services sector gauge for the US was positively searing. Consensus expected a moderation from the prior month to 55.8.
Context is important: The update comes hot (literally) on the heels of a comparatively lackluster read on ISM se
Good to know that the animal spirits will be having brisket for Christmas.
Agree that the feds likely rate cut will be pouring gas on the fire. Trump will of course castigate them if they don’t cut rates.
Getting myself pumped for the wild ride. Seat belt fastened and hands inside the vehicle. Just cringing thinking about the crash to come.
I guess if homeownership is out of range, why not splurge on a Starbucks or UberEats?
I recently looked at the BLS data on expectations for job growth, by segment, from 2023 to 2033.
The top 4 categories, ranging from 46% down to 20% anticipated growth, were nurse practitioners, data scientists, health care managers and home health care aides.
Immediately followed by “substance abuse, behavioral disorder and mental health counselors”, which is anticipating 18.8% growth.
Oh joy.
Just an FYI to anyone who isn’t aware:
It looks like we will be crossing +1.5 degrees Celsius of global temperature increase by 2025-26.7%
And we are highly likely to cross the “do not cross” red line of +2.0 degrees Celsius by 2036.
Hotter air holds more moisture. 7% more per degree of temperature increase. Check out this graph: https://bsky.app/profile/leonsimons.bsky.social
Droughts followed by devastating rainfall and floods, killer heatwaves followed by frigid air escaping the Arctic – expect “natural” disasters to multiply in number and intensity every year from now on. Anyone have any ideas what kinds of jobs will be most in demand in a year-over-year unfolding Climate Apocalypse scenario?
correct link: https://bsky.app/profile/leonsimons.bsky.social/post/3ldelleh4hc2w
All the more reason for mass deportations of construction workers in the south and southwest US.
“The GAO reported that 25% of the single-family market in Atlanta – 71,832 homes — was held by corporate investors in 2022.” From GlobeSt.com
On a regular basis firms that have my email address send me notes telling me how much my house is worth. What they tell me is that the price has fallen continuously for two years. The tax collector is telling me the same story. I must be on an Island.