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On today’s show, we discuss:
- Daily TSA travel data still strong
- The loneliness of the American worker
- Why the recession still isn’t here
- Americans have more investment income than ever before
- Nvidia’s worth $102M for every employee
- Real estate investors are wiped out in bets fueled by Wall Street loans
- Meet the ‘degen’ traders fueling the latest meme-stock mania
- Car deals vanished during the Pandemic. They’re coming back
- Teslas massive pileup
- Homeownership costs in US jumped 26% since Pandemic began
- Opinion: I’ve covered California’s homeless since before the word was used. This is what I learned
- Is maximizing credit card rewards worth it?
Listen here:
Recommendations:
Charts:
Tweets:
The @Glassdoor Employee Confidence Index fell in May to 46.4%, reversing the uptick in April. Employees' confidence in their employers' business outlook remains stubbornly weak.
— Daniel Zhao (@DanielBZhao) June 5, 2024
The Bank of Canada makes its first rate cut https://t.co/O4kzH38lzN
— Nick Timiraos (@NickTimiraos) June 5, 2024
Either growth is steady and inflation slows or growth slows and inflation slows. Those are the most plausible outcomes, in our view. This may come as the Fed erases cuts in 2024. Buckle up. https://t.co/435ZHhCUoF
— RenMac: Renaissance Macro Research (@RenMacLLC) June 3, 2024
Small businesses planning to raise prices leads CPI by 6 months.
In the April NFIB survey, a net 26% of owners planned price hikes, the lowest reading in a year.
May survey on Tuesday, the day before CPI & FOMC. pic.twitter.com/pK6E0anN2r
— Eric Wallerstein (@ericwallerstein) June 9, 2024
A 7% mortgage rate in 2024 is like a 15% rate in 1982
How👇
When accounting for U.S. home prices, home insurance, incomes, property taxes, and a 10% down payment, housing affordability in 2024 is similar to 1982 (when rates floated between 13%-17%)
via @johnburnsjbrec @JBREC pic.twitter.com/joLacpOAlc
— Lance Lambert (@NewsLambert) June 9, 2024
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