1. Housing hotspot…
Did you know – Nearly 40% of US homes don’t have a mortgage. And US Household expectations of future home price appreciation are currently at the highest level since 2007. This comes as many advanced economies are facing housing shortages, including the US, Australia, and Britain. But certainly not Japan!
Source: US Census Bureau, Bloomberg, Apollo Chief Economist (May 2024)
Source: University of Michigan, Haver Analytics, Apollo Chief Economist (May 2024)
Source: The Economist. *Australia, Britain, Canada, New Zealand, United States (May 2024)
Source: UN Population Statistics, Housing and Land Survey Japan, Apollo Chief Economist (May 2024)
2. Coming to you live…
Live entertainment has taken off post Covid. The music industry is making record earnings. And ticket sales for live comedy have also boomed.
Source: Pollstar, Statista (May 2024)
Source: Pollstar (May 2024)
3. Savings spent…
Perhaps live entertainment is where all the savings have gone…The cumulative pandemic-era US excess savings have been cleared!
Source: Bureau of Economic Analysis (May 2024)
Source: Steno Research, Bloomberg and Macrobond (May 2024)