Founders: Bright Flight and the Growing Economic Divide

Neo-keynesian economists weep and moan now

Neo-keynesian economists weep and moan now as their economic models become as reliable as their technical analysis

Good Morning.

Zero bank intel on Gold. They are personally still buying likely. But Buy Season is here. Rundown on markets in this morning’s premium. There is nothing to day except this is theage of Real assets. Silver and Gold are the most real there is.

Premium post to follow later this morning post data.

Today:

1. JPM Early Look

2. GSTrader 1- Yen

3. GSTrader 2- Rundown

4. UBS Voice note

5. Goldman on Meta

6. Barclays on Defensive strategies

7. MUFG Commodity Weekly

Data: GDP today. 4.5% is consensus.

Historically, changes are revised as much as one full percentage point in either direction.

Bright Flight and the Growing Economic Divide

Whatever the number, a disturbing trend is manifesting under the hood in the country. We are splitting violently data wise into regional sections with disparate data. Inflation in Florida is much worse than inflation in Chicago. GDP in the midwest is growing while GDP on the East coast is shrinking by some measures.

All of this is a byproduct of a post Covid world wherein people with enough means are moving from where they are to where they want to be. One Founder close to the real estate situation calls it “Bright Flight” appropriately.