Tag Archive for: growth

People No Longer Move For Jobs – And It’s Bad! (Data That Will Amaze You)

/in , ,
Laura Ingalls Wilder (of Little House on the Prairie fame) moved SEVEN times when she was a little girl in the 1870s (from Wisconsin to Missouri to Kansas to Wisconsin to Minnesota to South Dakota). She failed to mention three of the moves in her famous books because they didn't always work out well, and life was pretty tough (extreme poverty, death of her little brother, “Pa” worked as a hotel clerk, etc.) I learned about this in a book about Laura called “Prairie Fires.” It told the real story of the Ingalls family – and it also mentioned that Michael Landon (who played “Pa” in the TV series) got shitfaced drunk every day during filming (which was obviously the best part of the book). TV Pa also had the peculiar habit of taking his shirt off and wrapping bandages tightly around his love handles every time he got injured – which always made me question the authenticity of the TV show.Read More

What Else Can Mr. Trump Do To Bring Down Rates And Home Prices?

/in ,
“We should ban rich people from going to McDonald's to bring down McDonald's prices.” 😊 George Gammon said that in jest in response to Mr. Trump’s ban on institutional investors from buying single-family homes. More on that below. In recent days, numerous Trump administration officials (Bessent, Lutnick, etc.) and other macro-observers (including the “All-In” podcast hosts) predicted 5% to 6% GDP growth this year.Read More

What Happens If The Economy Grows At A 10%+ Rate – Like Elon Predicts?

/in ,
On Friday, December 26th, when most of the world was shut down, we were awash in purchase contracts – receiving more in one day than we’ve received on any other day all year. What made it more interesting is that most of the contracts were isolated to one area. The reason is very telling – particularly for purposes of this blog. On December 24th, Elon Musk posted this: Double-digit growth is coming within 12 to 18 months. If he’s right, interest rates will be as high as 10% - and real estate agents everywhere will be dancing with glee! Elon is referring to economic or gross domestic product growth. It’s been averaging 2% to 3% over the last few years – and much of that was just government spending (so not “real” growth that benefits everyone). Elon thinks AI and robotics will foster double-digit private sector growth. This means that we will add over $3 trillion of NEW (out of thin air) wealth to our economy each year.Read More