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Overall, the EB-5 program does not bring in a lot of money — about $4 billion last year in the context of the $28 trillion U.S. economy — but it represents a huge profit bump for a small but powerful political contingency: major real estate developers.
Cargo ships and ship building are an important part to the economy and to national security. There have been concerns related to China's shipping and ship building as both are closely tied to their military. Many different initiatives have been proposed.
Flailing consumer confidence, a big jump in jobless claims, gloomy housing data—there are lots of reasons to worry about the fate of the US economy, and anxiety has been taking hold across markets. buff.ly/4ijCQjQ
US consumers pulled back on spending on goods like cars in January amid extreme winter weather. Inflation-adjusted consumer spending fell 0.5%, marking the biggest monthly decline in almost four years after a robust holiday season. The drop in outlays was driven by an outsize decline in motor vehicle purchases and drops in categories like recreational goods. buff.ly/4klxkPd
The Atlanta Fed’s monitor nosedived Friday, with a massive swing of more than 3 percentage points to augur an outright decline in GDP this quarter. A report on consumer spending showed a drop in January. Earlier in the week, consumer confidence registered the biggest plunge since the summer of 2021, when the inflation surge was getting going.
The question we all have is what actual tariffs may be put in place and when. Currently, this is what is supposed to happen.
Thoughts on the Latest Economic News