What I’m Reading
Drop Zone: Drone delivery is beginning to look inevitable as developers like Alphabet continue to make breakthroughs and retailers like Walmart test in selected markets. The Diff
Arms Race: Amenities aren’t just for office employees anymore. Gyms, childcare centers, and restaurants are making their way into logistics facilities as hiring becomes more competitive. Globe Street
Cashing Out: Mortgage equity withdrawal was negative or near-zero for years. It has increased after the onset of the pandemic but is still at a relatively low level as a percentage of disposable personal income. Calculated Risk
Bid Em Up: A survey by the Conference Board finds that companies are setting aside an average 3.9% of total payroll for wage increases next year, the most since 2008. Many are citing higher inflation as the reason. Wall Street Journal
Call in the Reserves: If port terminal conditions continue to get worse, LA Port officials plan to call in National Guard to drive trucks with containers amid a perceived shortage of operators, or help with unloading. Freight Waves
Chart of the Day
People are tapping their home equity more but its nowhere near a concerning level.
Source: Calculated Risk
WTF
Rarified Air: One of the cast members from the TV show 90 Day Fiancé claims that she is making as much as $45k a week by farting into jars and selling them. (h/t Adam Siegel) Yahoo News
Above the Law: An attorney was sentenced to 40 months of imprisonment for committing a string of five bank robberies and attempted bank robberies because Florida. The Tampa Free Press
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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