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On today’s show, we discuss:
- A visual breakdown of America’s stagnating number of births
- Construction employment hits new high in May
- The labor shortage myth
- Eggs are going on sale just months after prices hit records
- Token projects have to eat that sh*t every day: Crypto VCs face a harsh reality in the bear market
- Housing market update: Mortage rates are up, home sales are down, prices are resilient
- High-school sweethearts with good jobs, a baby on the way and a $600,000 budget can’t find a house after 2 years of hunting. ‘It is just so demoralizing, depressing, and defeating’
- The Worst Housing Affordability Ever?
- Does more money correlate with greater happiness?
RWM is coming to Austin, TX June 12th-14th‼️
— Ritholtz Wealth (@RitholtzWealth) May 19, 2023
Tropical Bros Shirts:
- Ted Lasso Season 3
- Rachel McAdams & Brad Pitt on Dave
- A Good Person
- Remember the Titans
- Zelda Next
S&P now exactly flat on a total return basis since the close on Powell's first rate hike on 3/16/22.
— Bespoke (@bespokeinvest) June 2, 2023
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 1, 2023
Last yr, retail investors sold all of the stocks they bought during the prior 3 yrs (from GS) pic.twitter.com/qOV4OTfCFB
— Urban Carmel (@ukarlewitz) January 18, 2023
$MA CFO on the current state of the consumer:
"Look, I mean, the headline, as we kind of shared with you as part of our Q1 earnings call, was we continue to see a consumer which is just remarkably resilient and consumer spending continues to be remarkably resilient" https://t.co/JDtHcJXlu4 pic.twitter.com/vgt8UGm2lU
— The Transcript (@TheTranscript_) June 2, 2023
Resilient. That's the consumer.
They are still spending and shopping. They are employed, and they still have excess savings to utilize (to the tune of $500B). Retailers have confirmed this.
— Lindsey Bell (@justLBell) May 31, 2023
— Ed Ludlow (@EdLudlow) June 1, 2023
I always look forward to getting new data for this chart. Even at 7% rates, 78% of all real estate agents tell us BUYERS outnumber SELLERS in their markets. pic.twitter.com/PKMYgLlyk9
— Alex Thomas (@housing_alex) May 30, 2023
Just caught your newest Compound episode & heard u mention LG tv's being in all hotels. As a previous Corporate Hotelier & actually met w/ LG's B2B hotel team I can explain why.
1. Hotel TV's are not regular TV's like in your home.
— D.C. – Kobayashi Maru (@DesChan13) June 1, 2023
HBO’s run of House of the Dragon into The White Lotus season 2 into The Last of Us into Succession season 4 might never be topped.
— Ross Bolen (@WRBolen) May 28, 2023
NEW: The #SuperMarioBrosMovie has now grossed $1.3B globally, making it the 2nd highest grossing animated film ever, passing #Frozen. The last time an animated film topped the yearly global box office was 2013’s FROZEN. Can it happen again 10 years later? pic.twitter.com/aGCBcr8wD1
— Erik Davis (@ErikDavis) June 4, 2023
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