DENNIS KUSHNER REPORT – June, 2021

Get the latest on global, US, and regional trends in the economy and finance every month within 35 minutes from our adjunct faculty financial adviser, Dennis Kushner!

 

Here are some of the highlights Dennis covers for the month of June, 2021!

 

Global Economy:

 

– Canadian GDP falls short

– The Brazilian Economy

– Strong Rebound in UK Underway – increase of 2.3% GDP last quarter

 

Domestic Economy:

 

– UCLA Forecast Predicts Robust 2021

– Travel and Tourism Starts Again in the US

– California Represents 14% of the Nation’s GDP – 1.3MM job increase!

– Inflation Surges to 5.3% – highest since 2008!

– Consumer Prices for Cars and Trucks Rise!

– The Price of Oil

– Could the Rise in Interest Rates Signal a Recession?

– Why American airlines do not have Enough Pilots to Fly the Planes!

– California is not the #1 economy in the United States!

 

Retail Outlook:

 

– Digital Convergence – a social activity, a business activity?

– People’s Buying Trends want Products Faster!

– Why People Spend 4 hours a day to Purchase Products by Phone!

– Consumers – primed and ready!

 

Economic Indicators:

 

– A Look at Inflation – higher than it has been in 13 years!

– Retail Sales

– Trade Deficit – down from 74 to 69 %!

– Trade Exports

– Interest Rates – ascending!

– Mortgage Rates – increase from 3 to 3.2%!

– Manufacturing Index – up to 61.2% – strong improvement!

 

Other Economic Factors:

 

– Factory Orders – drop due to supply and demand

– Small Business Confidence

– Consumer Confidence – rises again!

– Crude Oil Prices Rise to $73 per Barrel due to Demand and Static Production! here’s why!

– New Home Sales – continue to rise! Medium price per home up 25%!

 

And so much more! All within 35 minutes!

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