If you’ve been watching the bond market, inflation prints, or the slow grind in housing absorption, you’ve probably felt it in your gut: something’s off.Wall Street strategists are starting to call it what it is — a slow drift toward stagflation. Not a recession, not...
You probably already know how closely real estate markets track Fed policy. So when President Trump’s advisors began pressing him to install a temporary Federal Reserve governor to fill the vacancy left by Adriana Kugler, I sat up straight. That four-month window may...
| Kaufman DevelopmentAfter another month of data, it’s clear the apartment market is settling into a summer holding pattern.Yes, rent growth has slowed—nationally we’re seeing just 0.2% annual gains, the weakest number in nearly a year. But that’s not the whole story....
Subscribe to my SubstackLast Friday, something snapped.President Trump fired Erika McEntarfer, the head of the Bureau of Labor Statistics, after a weak jobs report showed unemployment rising. That decision, while shocking, was hardly surprising if you’ve been watching...
August 2025 | There’s a growing drumbeat on Wall Street—and it’s not bullish.Morgan Stanley, Deutsche Bank, and Evercore are all waving red flags. They’re telling clients to brace for a market pullback, possibly in the 10–15% range. If you’ve been watching equities...
August 4, 2025There’s a quiet force reshaping the U.S. economy right now—and it’s not coming from Wall Street or Silicon Valley. It’s happening on factory floors in Texas, South Carolina, and Michigan.Manufacturing is coming home.We’re seeing a real surge in...
