At the same time, the same companies (Meta) are trying to replace human employees with AI as quickly as they can, further bringing costs down. Either way it is not good for human employees.
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The sheer cost that companies like Meta are spending on AI are forcing them to layoff employees to pay for it.
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Sooner than later someone is going to figure out (if they haven’t already) how to use AI to launch a cyberattack. If they attack satellites it could be a disaster.
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Today AI! AI can solve all kinds of issues, maybe even love? In China it is happening, and I bet in lots of other countries too. It is crazy, scary, makes no sense and yet it is happening.
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Looks like interest rates will not be going down anytime soon. Hopefully inflation stays in check but the war is making things even more volatile.
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With the U.S. starting war with Iran, all of a sudden the entire world economy comes down to one thing, oil. It is causing havoc in many areas of the economy.
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It is amazing, somehow consumer confidence rose in February. I would love to know why!
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Economy today! For the first time in 20 years stocks are valued higher than commercial real estate. I would rather have the real estate!
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People delivery is about 2 make a giant leap in S FL as the air taxis we have written abt plenty here are set to debut in 2026. Supposedly they'll b able to take someone fm West Palm Beach to Miami in 20 mins & for just $200!
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It is really putting Target in a bind as they struggle to keep up with both Amazon and Walmart.
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But did they just poke the bear? Now Walmart is testing drone deliveries in Atlanta that come in 5 minutes!! That is not a mistake, 5 minutes.
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Let’s talk about something that just about everyone depends on these days, delivery! Amazon started the delivery race, putting pressure on its competitors to match their speeds.
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Great news for lovers of the famed Aventura Mall. With a purchase of the adjacent property for $131 million, they will finally be able to expand.
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A record amount of shoppers, 202.9 million, shopped from Thanksgiving to Cyber Monday, which is a new record. People shopped at stores and online, you would never know there were any issues facing the economy by these numbers.
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We talking retail today! It is amazing that despite the faltering economy retail is still holding steady. Vacancies are near record lows but with prices continuing to rise, something has to give here.
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Residential rents are also setting records now, for most rentals ever (37.3%) offering concessions on Zillow.
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A lot of home builders around the state are going out of business. Here is a pretty decent list of them and the reasons behind it.
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Despite the record sale above, the condo market is in terrible shape across the country and especially in Florida. Florida has one fifth of all condos in the U.S. and apparently a 2 year backlog of inventory.
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Multifamily for all today!! I know the residential market is slumping but there are still some crazy deals happening in South Florida. A condo was just sold for the highest price in Bal Harbour history, at $30,500,000.
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This one says that 70% of the U.S. is in a recession now. With new trade tariffs coming and inflation rising, the outlook is not good at all.
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More and more economists are thinking that at least part of the U.S. is already in a recession. The only question is how much of the country is, this says 50%.
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The faltering economy is forcing consumers to pull back on spending. You can see here what they are cutting back on and by how much. It is shocking.
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Today is the right day to discuss the economy! Despite the U.S. Government shutdown the inflation reports from the Bureau of Labor Statistics will still continue to be released.
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We have talked about this for years but it finally happened! Evergrande, the Chinese real estate development company w $300 BB in debt that was once dubbed “too big to fail” was just delisted from the Hong Kong Stock exchange.
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With inflation holding steady all of a sudden, and the labor force cratering, there is confident talk about a small interest rate cut in September.
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chainstoreage.com/ceo-confiden...
CEO confidence is up, because they are now thinking that the U.S. will not enter into a recession. Let’s pray that they are right!!
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Economy today! Although consumer confidence was down in August, it was the first time in 4 months that it was. There are some positive economic signs emerging!
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Goldman Sachs is also seeing a U.S. recession coming from multifamily. They also mentioned slowing immigration as a key factor in the decline of the sector.
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Some of the biggest investment advisors like Moody's are predicting that the U.S. will enter a recession because of multifamily, specifically high mortgage rates and elevated pricing.
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It is becoming more and more clear that changing outdated zoning is the best way to create more housing. It just happened in New York City, where they plan to create 9,700 new units, the most in 20 years.
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