Capitalists, Shipping Decline, Strong Home Sales

Capitalists – in the past there was a stark division from those who made their money from labor and those who earned money from capital (ownership of equities, real estate, business, etc.). Increasingly the same people are simultaneously high wage earners and capital earners.

Rates – improved very slightly this week as the 10 Year US Treasury decreased staying its 60 day course.

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Home Sales – while the numbers dipped slightly from 2 year highs, year-over-year they are up 9.6% Supply remains tight, the number of units available is 10.7% less than January of last year. Strong sales and tight supply shows the demand and strength in the housing market that continues to push prices up.

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Shipping – the Cass Freight Index downward trend continues. Year over year it is down 9.4% showing weakness in the US freight market. Cornovirus is certainly impacting these numbers.

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