New reports for our tourism shows
Domestic tourism down approximately 6%
International tourism down approximately 3.5%*
Construction jobs were way down. Something like 7000 lost over last year, 4000 in Aug. I assume much is residential new home. Lots of big projects going on downtown but housing seems to have slowed.
In my small town I notice that retail activity is tied closely to the arrival of government pension payments and EBT refills. During last 5 days of any month I see few shoppers at my four local grocery stores. Even ALDI, known for budget friendly prices, can be surprisingly devoid of shoppers.
During 2025 I have noticed some surprisingly competitive sealed bid results for my municipal clients implementing Federally funded infrastructure projects. This is happening despite the prevailing assumption that BABA (Build America Buy America) Compliance would drive up prices.
A local foundry recycling scrap has seemingly doubled its facility in the last year and displays a "Help Wanted" sign - perhaps to satisfy contractor demand for US sourced iron and steel products.
@batumi said:
Word is that diving boards will soon be installed on the Wall St. hi-rises.
I like your icon. It kindda sums up human life; giving everything the old college try wearing a monocled wink;.
When they stop being the source of all profits people will go back to looking for value. This could result in more erosion than just simple swan dives.
A lot of value investors have told me they just want to preserve assets at this point rather than chasing the next big thing.
The economy is on the brink of salvation itself. Between fusion power and AI most silver dimes might have a premium on their $4000 melt value in twenty years.
@hchcoin said:
Stock market - very strong with inherent risks going forward of a correction.
Interest rates - record lows since 2009. At some point will adjust upward.
Real Estate - moderate gains since meltdown because of cheap money (low interest rates) that have been artificially manipulated by the Federal Reserve. Once the Fed changes course, look out!
Bonds - lowest yields I can remember. What will happen if interest rates go up??????? Bonds will go down! No real good place to put your money if you are looking for income right now.
Inflation - still waiting for it to take off. When it does, the Fisher hypothesis tells us interest rates will rise. In addition, the upward sloping yield curve indicates higher future rates based on the expectations theory. In my opinion, it takes a lot more dollars to buy my groceries, utilities and gas for my car. Enough said.
Precious metals - has experienced a solid correction. In a holding pattern right now depending on items mentioned above. Market is rigged in my opinion but can still be used as a defensive hedge for serious financial meltdown.
Federal Reserve - waiting to see what Janet Yellen is really going to do. Tapering for now I guess. I think the Fed's hands are tied because the federal funds rate is effectively 0% and has been for years. Open market operations are useless at this point except for keeping the status quo.
Fiscal policy - government spending is out of control without adequate tax revenue. Based on debt ceiling discussions and the new health care reform, don't expect to see an improvement in the near term. Where is the inflation???????
Global outlook - Have not heard a large deal about terrorist activities in the short term. Once the media finds something to latch onto if a major event happens, could have serious short term effects on the markets.
Foreign exchange - I think the Fed likes a weak dollar with its stimulative monetary policy. The dollar is down big time since 2001 versus world currencies by design of the FED. At some point, this course will have to change.
Comments
New reports for our tourism shows
Domestic tourism down approximately 6%
International tourism down approximately 3.5%*
Construction jobs were way down. Something like 7000 lost over last year, 4000 in Aug. I assume much is residential new home. Lots of big projects going on downtown but housing seems to have slowed.
“*added the international amount”
My Ebay Store
In my small town I notice that retail activity is tied closely to the arrival of government pension payments and EBT refills. During last 5 days of any month I see few shoppers at my four local grocery stores. Even ALDI, known for budget friendly prices, can be surprisingly devoid of shoppers.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
During 2025 I have noticed some surprisingly competitive sealed bid results for my municipal clients implementing Federally funded infrastructure projects. This is happening despite the prevailing assumption that BABA (Build America Buy America) Compliance would drive up prices.
A local foundry recycling scrap has seemingly doubled its facility in the last year and displays a "Help Wanted" sign - perhaps to satisfy contractor demand for US sourced iron and steel products.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
Word is that diving boards will soon be installed on the Wall St. hi-rises.
I like your icon. It kindda sums up human life; giving everything the old college try wearing a monocled wink;.
When they stop being the source of all profits people will go back to looking for value. This could result in more erosion than just simple swan dives.
A lot of value investors have told me they just want to preserve assets at this point rather than chasing the next big thing.
The economy is on the brink of salvation itself. Between fusion power and AI most silver dimes might have a premium on their $4000 melt value in twenty years.