OMG Scary stuff

by Michael E Dehn | Sep 24, 2023 | 2024 election realities, Banking and Finance, Breaking News, consumer spending and sentiment

CBO projections show US Federal debt rising by $5.2 billion per day for the next 10 years. However, since the debt ceiling “crisis” came to an end, US debt has jumped by $30 billion per day. We have added roughly $1 trillion per month in US debt since then. Interest...

And who wants to go into downtown Chicago? Not us and we LIVE in the metro area.

by Michael E Dehn | Sep 24, 2023 | 2024 election realities, Breaking News, Chicago centric content, consumer spending and sentiment, Crime

Four men mugged a man in River North yesterday morning as Chicago police warn of similar group attacks in the Loop.https://t.co/p2SIbpes8s — CWBChicago (@CWBChicago) September 24,...

Another “oversight” corrected

by Michael E Dehn | Sep 24, 2023 | Banking and Finance, consumer spending and sentiment

https://therealdeal.com/national/2023/09/18/re-max-agrees-to-settle-brokerage-commission-lawsuits/?utm_campaign=sl-national-weekly&utm_source=trd-newsletter&tpcc=sl-national-weekly&utm_medium=email&utm_term=National%20Weekly

Although some may concur that working with China on economic matters is prudent in the long term, we believe NOT as China has clearly demonstrated to us they are our enemy in many ways. Until things settle with Taiwan and other flashpoints….

by Michael E Dehn | Sep 24, 2023 | Breaking News, China disgust, consumer spending and sentiment, Latest News, Media, Technology

We see this expansion of Tik Tok in the States regarding e commerce as ominous as it is a honey pot for citizen data going forward. TikTok and payments, a match made on social...

Lopsided econ

by Michael E Dehn | Sep 24, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment

The S&P 500 has added ~$7.2 trillion in market cap in its rally this year. However, the top 20 largest stocks have accounted for $6.1 trillion of that gain. This means that the top 20 stocks in the S&P 500 have accounted for 85% of the index's gains....

Housing stats

by Michael E Dehn | Sep 23, 2023 | Banking and Finance, consumer spending and sentiment

Home price to income ratios are now above 4.5x and at their highest levels since the 1950s. Even in the 2008 financial crisis, home price to income ratios did not cross 4.5x. This means that home price to income ratios are the same as the post-WW2 era in the US. The...