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“Job openings and quits fell but both remained near record levels in January. Labor difficulties, material shortages, and logistical issues as well as high inflation, an impending Fed tightening cycle, and global political and economic turmoil are threatening the U.S. economy.” ~ Robert HughesREAD MORE
“The relationship between Seinfeld and David has received more ink and attention than the one between Mandeville and Smith. That said, we would not have had a ‘Seinfeld’ without a Larry David. Would we have had a Smith without a Mandeville?” ~ Garret EdwardsREAD MORE
“If developers build cheap housing, the price of all housing except the very most luxurious will fall. Alternatively, if we build more luxury housing, then the price of all housing will fall, as there will be less pressure for gentrification or ‘teardowns.’” ~ Michael MungerREAD MORE
“AIER’s Leading Indicators Index dropped to 46 in February. Disruptions to labor supply, shortages of materials, and logistics bottlenecks continue to pressure prices. Falling new Covid cases had the potential to support businesses’ efforts to expand production, but turmoil surrounding the Russian invasion of Ukraine has launched a new wave of disruptions. The outlook has become highly uncertain and extreme caution is warranted.” ~ Robert HughesREAD MORE
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