The debt load marks the highest exposure for the group since late 2007 at a time when younger adults under 35-years-old have decreased their spending compared to previous generations. A Friday University of Michigan survey determined that this was likely due to weakened job prospects, student loans and delayed marriage.
With millennial consumers not consuming, several policies to boost young adult spending have begun to enter the political dialogue, such as student loan debt …Click here for full article.
Part of the cycle for a commodity boom is typically preceded by a commodity depression in which the productive capacity is reduced. We are witnessing that in the agricultural sector. Additionally, extremely cold weather continues. Bankruptcies in the farming sector have been on the rise since 2014. These are the pre-staged events that are required to create a commodity boom for the next cycle — the reduction in supply.
The U.S. unemployment rate ticked slightly higher to 4 percent in January, just off its lowest levels of the past 50 years. While a low unemployment rate is good news for American workers, it has historically been bad news for investors…..CLICK for complete article
Like Peter Lynch once said, consumers should stick to investing in what they know.
And apparently, millennials who use the RobinHood free stock-trading app have taken this advice to heart. According to Business Insider, shares of Aurora Cannabis, the Canadian cannabis producer, are now more popular among the app’s (mostly millennial) users than Apple….CLICK for complete article
Domestic airlines weren’t exempt from the rout that hit stocks in December, the market’s worst month since the Great Recession. Shares of all four major U.S. carriers—American, Delta, United Continental and Southwest—saw double-digit losses. Delta ended December down 17.8 percent, its worst month since October 2009, when it gave back 20.3 percent….CLICK for complete article
Hemp is often an overlooked subsector of the cannabis space, but its usage in the United States and around the world is growing every day. In fact, World Wrestling Entertainment performer Daniel Bryan unveiled a brand new hemp version of the WWE Championship belt on Tuesday’s edition of “SmackDown Live.” CLICK for complete article