Linkage: e-scooters so hot they’re catching fire, literally
- The Financial Brand quotes Julian in its rundown of industry reactions to Truist bank brand reveal(thefinancialbrand.com)
- Jobless claims fall 6k to 216k, but 4-month average rises to 218k(dol.gov)
- March foreclosures were the lowest since the housing crash(corelogic.com)
- Late payments are at super low rates right now too(blackknightinc.com)
- A key economic indicator that correlates to GDP increased in May, which is good news for the economy(conference-board.org)
- The Fed didn't cut rates like Wall St. was betting, but hints that it will soon(cnbc.com)
- Biggie Smalls' childhood home got gentrified, now rents for $4k a month(nypost.com)
- 32% of closed loans in May were refis, says Ellie Mae(assets.contentstack.io)
- Two digital mortgage leaders team up to make your borrowing process way easier(businesswire.com)
- Where did all the good jobs go? They moved to the city(brookings.edu)
- In case those f***king e-scooters weren't annoying enough, now they catch on fire(dc.curbed.com)
Today’s Linkage has good news for economy watchers:
-Weekly jobless claims fell, but the 4-week claims rose. Also don’t sleep on the jobs report no one talks about.
-Rates are sensitive to jobs, and weaker jobs actually lowers rates. For now, rates are holding near lows but up a bit from last week.
-Home foreclosures fell in March to 13 year lows—good news from housing market.
-An org called The Conference Board tracks and aggregates a bunch of economic indicators into an index that correlates strongly with GDP growth—the index been up for the past 3 months and increased even faster in May.
Check out all the goods and some water-cooler fodder about e-scooters below.