NOTES ON ECONOMY AND HOUSING From the desk of Premier Capital Markets Local Analyis Below There are several stories in the employment chart, below. First, the ever-so-gradual overall improvement; and second, the dramatic change in US employment since 1990. Bad news, good news: in the last twenty, difficult years, American incomes stagnant, US labor has [...]
NOTES ON ECONOMY AND HOUSING – From the desk of Premier Capital Markets Anyone see a “recovery” in employment? To think clearly about existing home sales, we must consider the change in the number of distressed sales. As late as 2005, there were practically none; today more than half. Thus, the “shadow inventory” chart, which [...]
This quarter we focus on national data and less on Colorado. Little has changed locally, and the national picture is confusing and widely mis-described. Colorado entered a slightly softer patch this summer, but remains in much better shape than most of the country. As of August, statewide unemployment had risen from 8.0% to 8.2%, but [...]
The national and local economies have two distinctly separate conditions: 1) Big business (think S&P500) is doing fairly well. Has access to credit, has stopped cost-cutting. IT and health care sectors okay also. However, no meaningful increase in sales. 2) Small business, the nation’s biggest job-generator, still in deep recession. The greatest strength in the [...]
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