Linkage: you don’t care who makes it, as long as it’s on Amazon
The scoreboard looks good for the U.S. economy. As of this month, we’re officially in the longest economic expansion in history.
We’ve been growing for longer than the U.S. did after World War II, for historical context. And mortgage delinquencies are at a 20-year low.
That’s a measure of how many people are 30 days late or more on their mortgage payment. So higher lending standards are preventing bad loans from getting out there like the pre-recession days.
But a lot of people aren’t seeing the upside of the expansion yet. The number of people working 2 jobs is almost the same as it was in the depths of the Great Recession.
Even Wall Street is feeling a pinch despite the hot U.S. economy. Global bank Deutsche Bank is laying off 18k people over the next 3 years.
However, maybe all the former suits can get busy planting all the trees we’ll need to fight climate change. A new report says a cool trillion trees will eat up the excess carbon dioxide warming our planet.
All this and more in today’s Linkage. Check it out below.
- U.S. mortgage delinquency rate is the lowest in 20 years(corelogic.com)
- We're officially in the longest U.S. economic growth cycle in history(housingwire.com)
- The recession ended 10 years ago, but we're still cleaning up the mess(mba.org)
- Hiring fell in May 2019 and there are still 7.3 million job openings(bls.gov)
- Of course now there's environmentally friendly luxury housing(builderonline.com)
- Only 22% of Searches on Amazon Include a Brand Name(marketplacepulse.com)
- What do Very Smart People think will happen in real estate the rest of 2019?(forbes.com)
- The number of Americans working 2 jobs is the highest it's been since the Great Recession(blogs.wsj.com)
- Deutsche Bank bloodbath: firm to lay off 18k people(dealbreaker.com)
- Foreclosure con man gets 7 years in prison(mpamag.com)
- A trillion more trees could eat up all the carbon dioxide warming the Earth(whyy.org)