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Economic News This Week: It was a slow economic news week
On Monday the government revised their Q1 Productivity number to unchanged, from down 0.6%, and revised the labor costs down to 2.5% from 3.0%. As labor costs go up, we will either see inflation pressure (the price we pay on goods will go up) or a slow-down in...
Economic News of the Week: On Tuesday, the April personal income was up 0.4%, and spending was also up 0.4%.
This was in line with expectations, so it did not move the markets. The May nonfarm payroll numbers were up 138,000, not very good. But the unemployment rate dropped to 4.3%. Wait. How is that possible? Well, some people give up, so they are no long counted. If you...
Success Story: Need a coach or a guru?
Clients came in who had attended my real estate investment class at Torrance Unified twice in the last 4 years. In addition to my classes, they had attended many of the free seminars given at hotels by other “teachers” and joined real estate clubs to gain more...