Linkage: your online shopping is carrying the economy
- The Brooklyn Startup Helping High-School Athletes Go Viral(newyorker.com)
- Zillow's watching you...and helping you get a better idea of your home's value!(zillow.mediaroom.com)
- 8.2 million homeowners could save $2.2 trillion by refinancing right now(blackknightinc.com)
- Can your bank innovate its way into caring about you?(americanbanker.com)
- Home builders feel good about the housing market, which is a positive sign for you(marketwatch.com)
- But May construction spending was down 0.8%(census.gov)
- Your online shopping is carrying the economy on its back(nytimes.com)
- As always, Hollywood is in a panic about making enough money(theringer.com)
- Yay, another truce in the trade war! Haven't we had like 5 of those already?(bloomberg.com)
- Brex's founders dropped out of freshman year of college and now their company is worth $2.6 billion(bloomberg.com)
You might have noticed by reading The Basis Point that a lot of Very Smart People can’t tell if the economy is doing well or not.
That’s because the economy works a lot differently for businesses than it does for you the consumer. Things are a little harder out there for big business because of wrinkles like U.S. trade war with China, but life is pretty good for us consumers down here on ground level.
At least, you’d think that by looking at our Amazon wishlists. Consumer spending is carrying the economy on its back on a strong foundation of online shopping.
For more on how your late-night buying binges are helping the economy, check out today’s Linkage.