MikeSasso @msasso
Bloomberg Real Economy reporter. Proud husband of Marie and father of Veronica. Email me at [email protected] Bloomberg.net Atlanta Joined September 2008-
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Grocery prices are up 25% in four years and that's a big reason Americans remain unhappy with the Biden economy bloomberg.com/news/articles/… via @economics
#Democrats get close in #NorthCarolina in presidential races, but keep missing out. Whether it falls into GOP control like Fla. and Ohio may rest on winning over at least a share of small town voters bloomberg.com/news/features/…
America's senior households saw a median wealth gain of $91,000 over the pandemic period, new research shows. bloomberg.com/news/articles/…
My hometown, Cape Coral, and its neighboring cities in SW Florida are seeing some of the biggest drops in home prices and rising inventories. Skyrocketing insurance is partly to blame. bloomberg.com/news/articles/…
The West, especially Pacific Coast states, is shedding population as people flee high housing costs. The South is the main beneficiary, according to Bank of America Institute: bloomberg.com/news/articles/…
Black would-be homebuyers are among the most at risk from historic rises in home prices and mortgages rates, putting recent gains in Black homeownership at risk. From my colleagues Jarrell Dillard and Jonnelle Marte
Black would-be homebuyers are among the most at risk from historic rises in home prices and mortgages rates, putting recent gains in Black homeownership at risk. From my colleagues Jarrell Dillard and Jonnelle Marte
Around Atlanta squatters plague over 1,000 homes, and some landlords pay them to leave. Cerberus, Starwood, Amherst are among those affected. bloomberg.com/news/articles/…
$200-a-month rises in rent are hard to stomach even when employed. The unemployed are doubly hit by inflation and state jobless benefits as low as $275/week bloomberg.com/news/articles/…
Sure, Americans still have pandemic savings. Problem is, inflation has eroded its value and today 40% of Americans have only as much liquid assets as 2019 bloomberg.com/news/articles/…
A sign of trouble in the US economy: boat sales that normally track with consumer spending - still high - are are set for their lowest year in a decade bloomberg.com/news/articles/…
The Fed is making real progress taming inflation, but consumers still think they’re paying too much for gas and groceries bloomberg.com/news/articles/… via @economics
A strike against GM., Ford and Stellantis of just 10 days would reduce the nation's GDP by $5.6 billion and likely push the Michigan economy into a recession bloomberg.com/news/articles/… via @markets
Bidenomics may or may not spur a manufacturing surge in a few years. For now, America's factories are sputtering. With @atanzi bloomberg.com/news/articles/…
A potential strike by 340,000 UPS workers threatens to unravel progress in tackling two of the US economy's biggest hurdles in decades: inflation and supply-chain disruptions bloomberg.com/news/articles/… via @business
It pays to be a plumber! Local plumbers, alarm firm owners and lumber yards are getting offers daily from investment bankers and PE firms as the cost of capital for bigger, costlier firms grows. My latest bloomberg.com/news/articles/…
Men are returning to the office faster and working at home less than women, new federal data show bloomberg.com/news/articles/…
Florida is booming. But what's great for real estate firms and hedge funds is much less clear for residents. What Fla. under Ron DeSantis means for his candidacy. With colleagues Anna Kaiser & Felipe Marques bloomberg.com/news/articles/…
One reason things are so expensive: It can be more profitable to sell pricier, but fewer cars, hotel rooms and other items, as companies are finding. My latest with @Schlangenstein, @pat_clark & @Keith_Laing bloomberg.com/news/articles/…
Even pickleball grill and bar owners are having trouble getting loans now. A nice Stephanomics podcast debut for new exec. producer @MollySmithNews bloomberg.com/news/articles/…
If you're seeking any kind of credit, a business loan, car loan, etc., do it soon, experts say. Loans are only going to get harder to come by in the wake of SVB's collapse. bloomberg.com/news/articles/…
Edward Russell @ByERussell
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I am sure all of us have had the experience of reading a story about a subject you know well and finding it replete with inaccuracies and falsehoods. One then turns the page and reads an article about a subject one knows less well and makes the mistake of believing that this…
LATimes confirms 115 journalists laid off, or about 23 percent; newsroom will be at approx 385. NOTE: Taken in combination with last year's layoffs, the Los Angeles Times has laid off about one third of its newsroom in less than a year.
Kept underground, not much food, poor hygiene: Hostages released from Gaza are starting to describe the fate of those left behind, including children bloomberg.com/news/articles/… via @bpolitics
Senior Day is always a great experience in college sports. Tough loss for UNLV three hours later, though: lvsportsbiz.com/2023/11/25/no-… Photo for LVSB: Hugh Byrne
US Temporary-Help Drop Flashes Recession. Hiring Execs Disagree bloomberg.com/news/articles/… via @economics @RichMiller28 @msasso
Yet, residential fixed investment dropped for the ninth consecutive quarter, with the housing market challenged, declining 4.2% in the second quarter. Overall, nonresidential fixed investment added 0.99 percentage points to real GDP growth, but that was offset by residential…
You gotta love it when reality wins
@samwoodcock @NoContextBrits What show is this?
Me on my way to annoy my favorite person
Yesterday people cheered and tweeted their brains out over an exciting comeback victory at The Masters. This coming weekend is Easter and we will celebrate the most exciting ”comeback” of all time AND we ALL win. It would be great for Twitter to get as excited...
Dear Fashionable Set, Would you kindly cease overuse of the word “curate?” With Appreciation, MJD
Florida felons who have done their time are about to get their voting rights back. But how will the amendment be implemented? That's Friday at noon on The @FloridaRoundup on @WLRN @WJCTJax @wusf @wmfeorlando @WUFTNews.
People who try to run onto an elevator as soon as the door opens, especially on a lobby floor, are the worst.
I guess it's the snobbery of it, but I really hate the word "bespoke." x.com/qatarairways/s…
Kick-starting the final leg of the 2018 FIFA World Cup RussiaTM, as we’ve unveiled a new @FIFAcom livery freshly painted on one of our @BoeingAirplanes 777. bit.ly/2NA9lwF #WorldCupTogether #Qatar2022
The fat years for the U.S. airline industry may be ending bloomberg.com/news/articles/… (via me) #airlines #labor