News and my thoughts from the last week (29 Jan 2024) - CRE, PCE & Debt
The number of big-box warehouse lease signings fell to 43 in 2023 from a record 63 in 2022, as economic uncertainty and changing inventory management practices weighed on demand for mega-facilities, according to CBRE data. - Freightwaves
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*U.S. DECEMBER CORE PCE PRICE INDEX RISES 2.9% Y/Y; EST. 3.0%; PREV. 3.2% *LOWEST SINCE MARCH 2021 - Investing
I drive a 2015 car. My insurance used to be $59.59 a month.
I was just told they are upping my insurance to $149.35 a month. - Twitter user Decade Investor
Owning an EV increases the average household’s electricity consumption by approximately 70%, according to energy supplier Ovo Energy. If everyone with an EV charged at peak time, the strain on the grid would be enormous especially when power generation is unpredictable. Existing US power lines are often so clogged that they can’t deliver electricity from wind and solar projects to where it is needed most. This congestion costs the country billions of dollars per year and has been getting worse.- NY Times
Tesla down to $195 post market hours after earnings.
Market seems to have taken badly to the earnings while it is not all bad news.
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Willingness is a good start. For business opportunities to be qualified, the consumers need to be both willing and able.
US household debts were $17T in Q3. Out of this, there is a credit card debt of $1T with over 21% interest rate p.a. US corporate debts were $10T as per Jan 2024. US Federal debt is $34T. There's nothing to be concerned with right?
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IMF - "An estimated $1.2 trillion of commercial real estate debt in the US is maturing in the next two years. Around 25% of that is loans to the office & retail segments, most of which is held by banks & commercial mortgage-backed securities..."
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