Good Morning,
DID YOU KNOW?
National Spelling Bee runs out of words. The Scripps National Spelling Bee saw a first in the event’s 94-year history Thursday, as all eight finalists received the full winner’s freight of $50,000 in cash and new custom trophies. Scripps simply could not come up with words difficult enough to challenge them. (AP)
DID YOU KNOW?
The richest 10% of U.S. households represented 70% of all U.S. wealth in 2018, compared with 60% in 1989, according to recent research at the Federal Reserve.The study finds that the share of wealth among the richest 1% increased to 32% from 23% over the same period. The national homeownership rate for the first quarter of 2019 was 64.2%, according to the U.S. Census Bureau, below the historic average of 65.2%, which dates back to the 1960s. The Great Recession depleted the assets of the poor. The wealthy had better access to cheap capital and bought up assets on the cheap. (Marketwatch)
DID YOU KNOW?
The U.S. economy is in no danger of imminent recession, but the pace of growth could slow in 2019. The US-China trade war, lower corporate investment, rising wages, less hiring, less impact from last year's tax cuts and lower consumer spending may cool growth. Overall the fundamentals remain strong. (Marketwatch)
