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Investment Insights are written by Angeles' CIO Michael Rosen
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.
KIDS!
Published: 10-23-2014On a totally non-market subject, more young adults are living with their parents, and here’s the graph to prove it (courtesy of Hugo Scott-Gall of Goldman Sachs). Top line is US, bottom line is UK. I suspect in places like Italy, the numbers are way higher.
Goldman surveyed their interns about which items were priorities for them to own. A house was easily at the top of the list, but interestingly (at least to me), a car was no more important than an expensive handbag or watch. Maybe that’s a function of an urban-centered (and status-conscious) survey group, but I’d say it’s good news for Uber, not so good news for GM (and its peers). It’s also good news for the housing (and related) industry, but maybe the biggest winners are the long-suffering parents who can finally get their kids out the door. I’m sure their children feel the same way.
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Job Growth is Falling. The Sky is Not. 06-02-2017
Today's jobs report was disappointing: only 138,000 net new jobs created in May (the consensus had it pegged at ...
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US Manufacturing 11-04-2014
Wow. The good people at the Institute for Supply Management survey American manufacturers every month and ask, "how's ...
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Deflation? Not US 12-09-2014
The dramatic (40%!) drop in oil prices has caused some hysteria in the media about the rising risks of deflation. After ...
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