What I’m Reading
On the Docket: The Supreme Court could rule on the new CDC eviction ban as early as September. A majority of justices have questioned the constitutionality of the previous extension. However, the current iteration was crafted to address some of these concerns. Globe Street
Topping Out? New economic data is beginning to indicate that the increased inflation we have been experiencing may be beginning to pull back. The Capital Spectator
Counter Example: Japan’s massive government debt load is approaching 200% of GDP. Despite decades of warnings about rising inflation in the country due to profligate spending, it’s government bond yields have never been lower, thanks in large part to aging demographics. Wall Street Journal
Unlevel Playing Field: Even the most credit-worthy entry level home buyers are at a massive disadvantage in today’s market when they have to compete against investors paying cash. Increased homestead exemptions could help. Bloomberg
Headache: Supply chain issues are persisting as new COVID outbreaks are disrupting manufacturing around the world. This is going to be an even bigger headache with the holiday season quickly approaching. Axios
Chart of the Day
The San Francisco apartment market is faring much worse than NYC in the post COVID world.
Source: Zumper
WTF
Poetic AF: A nurse was arrested on a drunk driving charge after crashing her car into a rehab center because Florida. Villages News
Pot Belly: An Iowa man who had a four ounce of marijuana fall from his shirt after he was arrested claimed that he was just holding onto it for a friend. The Smoking Gun
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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