A New Disturbance in the Force

in good news…

https://twitter.com/SamRo/status/1619036663233056768

Yesteday, Chipotle announced it’s adding 15,000 jobs. Today, Boeing said it’s adding 10,000 jobs.

USPS is hiring 2,400 in California

Alaska Air plans to hire 3,500 seattletimes.com/business/boein… United plans to hire more than 2,500 pilots

Wow!

The U.S. added 517,000 jobs in January and the unemployment rate dropped to 3.4%, the lowest in more than 53 years https://on.wsj.com/3HU1VlN
(paywall)

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Hey, are the Feds gonna raise rates again? Seems crazy.

Hey but at least CDs are up.

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Thursday Humor

via https://twitter.com/WallStreetSilv/status/1623706311123763200


(click to embiggen)

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Seeking safe and guaranteed returns? Short-term treasury rates are as follows:

3Mo 6Mo 9Mo 1Y
U.S. Treasury 4.866% 4.935% 4.997% 5.013%

ibond 6.89%

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https://www.bloomberg.com/news/newsletters/2023-02-17/us-malls-collapsing-have-commercial-real-estate-lenders-getting-aggressive?srnd=premium

The article is more about offices but I started looking around because I was curious about the mall…am I seeing this right…That late in the internet’s retail growth/takeover cycle we’re in lenders gave out almost $400 Million for a dying business model? Oof.

Memorial City Mall may be swimming successfully against the tide.

From the Article:
“Memorial City acts as a hub for retail and commercial activity for the six neighborhoods that make up Memorial Villages, where the median home price last year hit $1.6 million, according to Houston Association of Realtors. Median household income in the area is $123,000, according to MetroNational, nearly 80 percent higher than metropolitan area’s median of about $69,000.”

How do people who earn $123k per year pay for a $1.6 million home?

Bought a long time ago?

I’m pretty sure it’s not comparing the same area for household income and neighborhoods.

Looking at their source, the household income for those neighborhoods is double that. Still a big gap though.

Well, it said, “in the area.”

Yeah, I know. It’s not the same area though.

How do you not look at the whole paragraph and think they are not talking about the same area?

Because I looked up their source and found the right number as I mentioned above.

OH, you have to do other research to find out the paragraph is wrong and misleading. Bad article then.

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Yes, agree.