“All [kayak rental] transactions occur at the Arcadian Shop,” Arcadian Shop co-owner Chris Calvert told The Berkshire Edge during a July 9 phone interview.
The Bank of Mom and Dad, I bet, is not a new concept to you. But what might be less familiar to you is the Bank of Junior, which has an obligation to pay the cost of elder care for aging parents.
According to my colleagues, 44 percent see a recession hitting in 2020, and 32 percent in 2021. That’s two-thirds who think the U.S. will see a recession within the next two years. You can count me among them.
The bad news is that when everyone is bullish, it’s often a bad time to be invested because, often times, that means all of the potential good news has already been expected and priced into the market.
Negative effects will intensify and compound the longer the shutdown continues. If the government were to reopen today, the affect for this quarter would be nearly tripled due to the impact from workers not receiving paychecks.
Rising home prices and mortgage rates are slowing down homebuyers. And the higher costs of land, labor and materials are making it more difficult for builders to deliver houses at the prices which are most in demand.
