Gary’s July INSIGHT publication (subscription only) “Underfunded Entitlements” illuminates on key macro trends unfolding. This clip touches on several of them in brief.
Financial analyst Gary Shilling says the stock market could be set for a big pullback similar to the decline in the 1930s during the Great Depression. He explains how the coronavirus pandemic will result in long-term structural changes in the economy. Here is a direct video link.
Danielle was a guest with Jim Goddard on Talk Digital Radio discussing recent developments in the world economy and markets. You can listen to an audio clip of the segment here.
More than 10,000 apartments were listed on the market in June, an increase of 85% over June 2019, according to a report from Miller Samuel and Douglas Elliman. The official vacancy rate hit a record 3.67% but is far higher in many buildings, according to brokers.
Analysts say the rising number of empty apartments is due in large part to the lockdown, which prevented brokers from showing apartments until June 22. But the exodus from New York City has left a rising number of vacant apartments and fewer new renters arriving to fill them. Here is a direct video link.
