A Middle-class Squeeze recipe: Flat real wage growth with prices poised to move higher

A Middle-class Squeeze recipe: Flat real wage growth with prices poised to move higher

We’ve been witnessing inflationary pressures in the monthly economic data over the last several months. Some of this has been higher raw material due in part to trade tariffs and other input costs, such as climbing freight costs, as well as the impact of increased minimum wages in certain states. Habit Restaurant (HABT) noticeably called out […]

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Aging Americans find Social Security benefits buy 34 percent less than in 2000

Aging Americans find Social Security benefits buy 34 percent less than in 2000

A new report released by the Senior Citizens League showcases the intersection of our Aging of the Population and Middle Class Squeeze investing themes as it reveals “a 4 percent loss in Social Security buying power from January 2017 to January 2018 and a 34 percent decrease since 2000.” Talk about a major ouch for […]

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US Housing market plauged by lack of housing supply and capable buyers as prices climb

US Housing market plauged by lack of housing supply and capable buyers as prices climb

Tematica’s Chief Macro Strategist Lenore Hawkins has been rather vocal on the two issues hitting the domestic housing market – a lack of supply and escalating prices that are shrinking the pool of potential buyers. While one would think homebuilders would respond with more affordable housing, they are also contending with increases to their own […]

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Millennials increasingly cash strapped as incomes are hit by rent costs

Millennials increasingly cash strapped as incomes are hit by rent costs

No wonder younger Americans are taking longer to leave the family nest – it’s expensive out there! While growth rates in rents have slowed this year compared to the last few, Freddie Mac’s April Outlook report said that higher housing costs and younger adults’ decisions to delay buying have led to an uptick in apartment sharing […]

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Consumer Confidence & LEI’s Flash Warning

Consumer Confidence & LEI’s Flash Warning

Consumer Confidence for September declined a bit more than expected, falling to 119.8 from 120.4, versus expectations for a decline to 120. While that doesn’t sound all that meaningful as it is still well above the long-term average of 93.9, we see something occurring beneath the headlines that warrants further attention and is particularly concerning […]

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Aging America Faces A Changing Economy

Aging America Faces A Changing Economy

This morning an article in Investor’s Business Daily focused on one of our investing themes, the Aging of the Population and its impact on economic growth and certain sectors of the economy. Combining the headwind of a growing portion of the population moving into the sunset years with massive levels of student debt, the housing sector looks […]

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Falling Dollar as Trump Trade Tumbles into Investor “Meh”

Falling Dollar as Trump Trade Tumbles into Investor “Meh”

The U.S. dollar got hit hard again today as the Trump Trade continues to reverse and investor sentiment becomes more neutral – a big “Meh.” The U.S. dollar is continuing its steep decline today as the AMEX U.S. Dollar Index makes new lows for 2017 and is nearing the lowest point over the past year, […]

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Consumer Sentiment Closer to Economic Reality than Blankfein?

Consumer Sentiment Closer to Economic Reality than Blankfein?

The CEO and Chairman of Goldman Sachs (GS), Lloyd Blankfein, is arguably one hell of a sharp fellow, which leads us to believe there are reasons behind this that go beyond a straightforward assessment of the economy. Perhaps consumers see something different than what we hear in the mainstream financial media. The University of Michigan’s […]

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Economic Data Continues to Paint Peaking Picture

Economic Data Continues to Paint Peaking Picture

This view never gets old.While this was a shortened week with the Memorial Day holiday, it was certainly packed with economic data. Yours truly fell a bit behind coupled with the short week and another one of my trips from Southern California back to my other home base in Italy, so this is a longer […]

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Q1 GDP Flops as Expected – now what?

Q1 GDP Flops as Expected – now what?

While the mainstream financial media is claiming first quarter results can be dismissed due to seasonal effects and sentiment remains robust, the hard data paints a very different picture with just some concentrated areas of strength.

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