Posted by Leonard Steinberg of URBAN COMPASS on October 16th, 2014 Wall Street is lamenting lower oil prices, yet this delivers some great news for consumers: the average American consumes about 35 gallons of gas per week, or 140 gallons per month. If gas prices are down about 50 cent per gallon on average since… [Read More]
CAN GOVERNMENT LEARN FROM THE US CONSUMER ABOUT DEBT REDUCTION?
Posted by Leonard Steinberg on January 26th, 2013 The question keeps getting asked: why is the New York real estate market so incredibly strong this month (and the past few months too)? Yes, mortgage rates are very low, the wealthy are doing well and have more confidence, the election circus is behind us, the optimism… [Read More]
WOULD CREATING 100 MILLION JOBS PAYING $ 50,000.00 PER YEAR CURE THE ECONOMY?
Posted by Leonard Steinberg on July 16th, 2012 It is fact now that US corporations are sitting on almost $ 5 TRILLION in cash, both domestically and internationally. This cash sits idle as corporations’ frustration grows because consumer demand is not strong enough to justify solid, meaningful business investment. This is my argument: Consumer demand… [Read More]