Rent collection data from 11.5 million rental apartments.
Stimulus and huge shifts in spending, wiping out entire industries and fattening up others.
Despite the rampant indoorification of outdoor dining.
Stimulus & extra UI dried up. But 16% of “proprietors’ income” in October was PPP money & Pandemic farm aid.
No one has ever put a number to it until now.
Credit-score algos got fooled by forbearance. Weirdest economy ever where no one knows what’s going on anymore.
My 13 whiplash-charts by retailer category.
Bounce back to what? The Pandemic Scrambled Long-Term Trends in both directions.
Auto loans jump after historic price spikes. Credit cards still in stimulus wonderland. Student-loan borrowers count on debt forgiveness, mmmkay.
Landlords already know this: People are getting more toasted than Wonder Bread.