Weekly Wisdom: Friday, June 11, 2021

Updated: Jun 18, 2021

HAPPY FRIDAY!

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DID YOU KNOW?

Texas real estate agents have experienced a massive buying frenzy, with over 370,000 new residents moving into the state in 2020 alone, many from California, Colorado and New York.......flush with cash and accustomed to homes costing much more..... (Texas Monthly)

DID YOU KNOW? The US has the 5th highest GDP per capita, bested only by small countries such as Luxembourg, Switzerland, Norway and Ireland.

DID YOU KNOW? Economists surveyed by The Wall Street Journal estimate that the Labor Department will report that the consumer-price index increased by 4.7% in May from a year earlier, up from 4.2% for the year ended in April, the highest 12-month inflation rate since 2008. The core-price index, which excludes the often-volatile categories of food and energy, likely rose 3.5% in May from a year before, they estimated. (WSJ)

DID YOU KNOW? Want to live like Marie Antoinette (not the ending!)? The Palace of Versailles has just opened a hotel to allow you to experience the lifestyle........the guillotine is extra!

DID YOU KNOW? “A lot of the surge in prices are for things that are just normalizing. ... Hotels and rental cars and used vehicles, sporting events, restaurants. Everyone is just getting back to normal, so pricing is just returning to what it was pre-pandemic,” - Mark Zandi.. Two categories accounted for a massive portion of inflation numbers: a surge in year-over-year used car prices (29.7%) accounted for a third of the increase..... and airline tickets (24.1%).

DID YOU KNOW? Want to know about technology being injected into ALL industries? Ferrari - the ultimate uber-car brand - has hired a top executive from the semiconductor industry as its new chief executive, as the auto industry focuses on microchips and digital technologies that increasingly control everything from the brakes to entertainment systems.... Will Ferrari be a traditional car company or a tech company in the future? (WSJ)