The British pound is dropping like a rock. Covid, war in Ukraine and brexit are all things affecting the British Pound. The British pound hit a new low against the dollar on Monday — the financial equivalent of a no-confidence vote in new Prime Minister Liz Truss. The big picture: Britain’s… Read More »Getting Pounded
The mean center of population keeps moving west The center of population has moved nearly 900 miles from its original location in Kent County, Maryland. In those 230 years, the nation has grown and expanded, and the center of the U.S. population has marched steadily westward — through Ohio, Kentucky,… Read More »Mean Center of Population
If you have been to the grocery store it is no secret that prices are way up year over year and phoenix metro has been hit especially hard The Phoenix metro area experienced the biggest consumer price index (CPI) increase in the country over the past year — 13% State… Read More »CPI In Major Metros
As interest rates increase more people will be pushed toward rentals. Which will continue to push up rates. Why it matters: Housing costs, including skyrocketing rent prices, are a major driver of inflation, as Matt explained last week. What’s happening: The U.S. median rental price fell last month for the… Read More »Rents Took A Slight Dip
With the Fed increasing basis rate by .75 yesterday to 3.25%, mortgage lending is going to continue to decline. The 30-year-mortgage rate just hit 6.25%, up nearly a quarter-point from last week, per the Mortgage Bankers Association’s report out yesterday morning…… Why it matters: It’s lean times in the real… Read More »Mortgage Lending
Optimism hasn’t hit rock bottom however it is on the way down from earlier this year and is now listed as OK. How CEOs feel about the economy has been downgraded from “exuberant” to just “OK.” What’s new: The latest Business Roundtable (BRT) survey of its members — the chief executives of some… Read More »CEO Optimism Index
This past month we’ve seen a slight uptick in unemployment. with the new minimum wage laws could get higher. Unemployment in Arizona increased for the second time in three months, though total joblessness is still near a historic low. Driving the news: Arizona’s unemployment rate rose from 3.3% to 3.5%… Read More »Arizona Unemployment
No matter what price a business owner wants for his or her company, the market is the true indicator of what buyers are willing to pay. Selling a business can be very emotional – all the hard work over the years, attachment and loyalty to employees, the profitability in the… Read More »Tip #046 Business owners and the “Writing on the Wall”!
As risk increases, value decreases. We talk with business owners daily who believe a buyer will pay a certain amount for their businesses. However, buyers have a different perception of its value. As Michael Marks depicts in the above tip, many owners fail to sell their businesses at the price… Read More »Increased Risk = Decreased Value
Even with gas prices retreating (and we’ll she how long that lasts as we drain the strategic reserves), inflation is still at a record setting pace of 8.3%. Consumer prices ticked up during the month of August, bucking expectations that inflation would fall slightly, the Labor Department said on Tuesday.… Read More »More Inflation