Before popping the champaign cork, several caveats are in order. https://bit.ly/49WAqn8
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Back to the Future for the industrial market in 2024! Read PIRE's Peter Anderson's commentary published in the Jax Daily Record. https://lnkd.in/e7vcX8Ns
CRE commentary: Fervor has died down in industrial market, but the sun is still shining | Jax Daily Record
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Small caps … https://lnkd.in/ej-ca46H TNTT - To consider the lags of rate increases, there may still be some effects to the economy not yet seen: Higher for longer could push companies to navigate the market environment by releasing employees. #Economics #Industry #Markets #Finance #WSJ
BofA's Jill Carey Hall: We continue to favor small caps for the long-term
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Free-Agent Writer | PR & Marketing Pro | Small-Biz Evangelist | Storyteller | Health Communicator | Environmental Educator
In the growth of #bluecollar work, President #JoeBiden has much to celebrate. In July, #construction spending from #manufacturers rose about 71% from a year earlier, and manufacturers had 106,000 more #employees in August compared to a year earlier. #DepartmentOfCommerce #Factories #ManufacturingJobs #ConstructionJobs #Employment #EconomicDevelopment #Maine #AuburnManufacturing #Textiles #PortlandMaine #Economy #Bidenomics #InterestRates #FederalReserve #Inflation #Recession #BipartisanInfrastructureLaw #CHIPSAndScienceAct #CHIPSAct #FederalFunding #RenewableEnergy #CleanEnergy #CleanEnergyFuture #CleanEnergyTransition #CleanEnergyJobs #Economists #GoldmanSachs #Optimism #ISM #SupplyChain #GreatRecession #DepartmentOfLabor #DOL #Terravive #ConsumerProducts #SustainabilityMatters #SoftLanding #KamalaHarris #BidenAdministration #BidenHarrisAdministration #Democrats #TheWhiteHouse #Policy #Policies #Politics #Government #FederalGovernment #UnitedStatesOfAmerica #USA #Americans #Video #CNN #CNNBusiness https://lnkd.in/g2-3789j
America is in a factory boom again. Even a recession may not bring it down this time | CNN Business
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October Economic Pulse Shows Challenges and Growth Find the full report at: https://lnkd.in/dvU7F8Df The Greater Beaumont Chamber of Commerce released its October Economic Pulse, showing mixed signals for the economy. The Economic Pulse presents a detailed analysis of Beaumont's current economic climate. The Economic Pulse continues to show a decline for the last 13 months. Down by 6.1% (99.2) compared to the high of 105.7 in October 2022. Key Highlights: • Decrease in General Spending and Housing Market: There continues to be a notable decrease in overall spending, home building, and existing home sales, especially compared to the same period last year. • Positive Trends in Certain Sectors: On a brighter note, there have been increases in auto spending and hotel/motel revenues. October witnessed the third-highest valuation of permits for the year, amounting to $24 million. This number includes new residential construction, commercial construction, and remodeling projects. • Impact of Interest Rates on Home Sales: The housing markets, particularly existing home sales, continue to be adversely impacted by higher interest rates. • Strong Employment Indicator: Employment remains a bright spot for Beaumont’s economy, with over 1,100 jobs added over the last 12 months. About the Chamber. The Greater Beaumont Chamber of Commerce is leading the City’s economic development opportunities and addressing challenges while focusing on growing the economy, helping businesses be successful, and making a positive impact. #GBCOC #BeaumontTx
Beaumont Economic Pulse
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"The economics of zero growth: In defense of a steady state economy" is not the most exciting title for a paper, but I promise it's a great read. It dates from 1972 and is a "kind of catechism of pro-growth fallacies, sophistries, casuistries, obfuscations, nonsequiturs, question-beggings, and misunderstandings, which, if properly refuted, should indirectly make the case for a steady-state economy." I'm pretty sure it wouldn't get published today on the grounds that it's far too entertaining to pass muster as a scientific paper. The paper starts by describing GPD as the cost of maintaining our physical stock of wealth and people. This isn't that different to thinking of it as the value of all physical goods and services produced, but has very different implications. For instance, if you could, overnight, double the lifetime of your wealth (houses, cars, clothes etc. all last twice as long) you could halve GDP without making anyone worse off. Or, in the paper's more elegant formulation "Knowledge can, within limits set by the second law of thermodynamics, reduce the flow throughput per unit of stock maintained." (You may, at this point, wish to pause and consider the very different effects of fast fashion and vintage clothing on both wealth and GDP.) The paper's next key point is that there are costs to growth - costs which we don't account for. If a project leads to more costs in terms of pollution that it yields economic benefits then we shouldn't engage in it. But since GDP only looks at activity, not cost, we carry on obliviously. Properly accounting for what we these days call 'externalities' would make clear that some portion (maybe all?) of our current growth is counterproductive. Instead, as the paper notes ... "We take the real costs of increasing GNP as measured by the defensive expenditures incurred to protect ourselves from the unwanted side effects of production and add these expenditures to GNP rather than subtract them. We count real costs as benefits." The paper goes on to rail against the various fallacies of "Growthmen". In the fantastically titled section "Crocodile tears from latter-day Marie-Antoinettes" it takes issue with "Economists and businessmen with no previous record of concern for the poor (who) have now begun to attack steady-state advocates as upper-class birdwatchers, who, having gotten theirs, now want to kick the ladder down behind them and leave the poor forever on the ground floor.", which sounds awfully familiar, if less snappy than just referring to someone as a champagne socialist. There is a lot more in this paper, about technology, and the limits to exponential growth which I'm not going to recount because I think you should read it for yourselves. You can find it here in this excellent thread of influential papers...
Andrew Fanning (@AndrewLFanning) on X
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U.S. imports are painting a new economic landscape, with cities like Dallas and Phoenix leading the charge on industrial growth. Stay ahead of the curve—nearshoring trends are reshaping real estate demand and how investors play the game. #TradingShift #NearshoringTrend
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New episode - "In this Economy?" In this episode, Bronwyn Williams speaks to one of the internet’s favourite financial educators, Kyla Scanlon, about her book, “In this Economy?” They discuss the hidden forces driving key economic outcomes, the most common economic myths, outdated assumptions that constrain our political imagination, and what a bold new path to building a prosperous society that works for everyone could look like. https://lnkd.in/diCi9j3R
In this Economy? | Bronwyn Williams & Kyla Scanlon | The Small Print
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#MarkYourCalendar 📅 Registration for #CBER's annual Alabama Economic Outlook Conference opens Dec 1st! A few topics featured at this year's conference will include: The Economy: View from the Fed, The Alabama Outlook, and Alabama Business Confidence Index. All great topics for those interested in the state's economy and business outlook for 2024! #uacber #alabamaoutlook #alabamaeconomy #BusinessAndEconomics #EconomicOutlook
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NAR's Chief Economist, Lawrence Yun, discusses Greater Nashville's housing market, the area's rapid growth, and more. Click the link below for a recap of our economic summit, NASHONOMICS and Dr. Yun's take on the housing market
What Nashville realtors said to expect in coming months for homeowners, renters
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