The Bowtie Economist

I follow a national economist by the name of Elliot Eisenberg, Ph.D. He’s witty, usually spot on, and keeps his info short and sweet. I just thought I’d share a few interesting tidbits from some of his recent writings:

For Super Bowl LVII the Kansas City Chiefs will wear white jerseys, the Philadelphia Eagles green jerseys. Since SB I the team wearing white jerseys has won 64% of the time. Unrelatedly, the 74% accurate Super Bowl Indicator, says that if an AFC wins, a bear market follows but if an NFC or original pre-NFL/AFL merger team wins there will be a bull market.

We’ll have to wait and see if the bears or bulls prediction is correct.

From 1976 through 1979, 418,000 entry-level single-family houses/year were built, 34% of all new homes constructed. In the 1980s, the number fell to 314,000/year, still 33% of all new homes built. In the 1990s it shrank to just 207,000.year, and in the 2000s about 150,000/year. During the just completed 2010s, starter homes averaged 55,000/year, or just 7% of new residential construction. Yikes!