Independent thinking for complex markets and current events
Nation’s first high-speed rail project continues to expand, creating over 10k jobs: ‘We couldn’t build this system without them’ Californians have been waiting for a high-speed rail network since it was first proposed in 1979, and after many fits and starts, it appears that the project is finally gaining steam. According to the California High-Speed …
Offices Around America Hit a New Vacancy Record. “A staggering 19.6% of office space in major U.S. cities wasn’t leased as of the fourth quarter, according to Moody’s Analytics, up from 18.8% a year earlier. That is slightly above the previous records of 19.3% set in 1986 and 1991 and the highest number since at least …
via Mike Shedlock: BLS charts show interesting trends in real (inflation-adjusted) weekly earnings. Men are getting clobbered relative to women, but everyone is losing lately. Median real earnings from the BLS, inflation adjusted to the 1982-1984 CPI Index, chart by Mish. Median Weekly Real Earnings In the first quarter of 1979 men were making $408 …