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Title : Wednesday, February 27, 2019 -- Nothing About The Bakken
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Wednesday, February 27, 2019 -- Nothing About The Bakken

Housing sales: all that hand-wringing a week or so ago about the slump in housing sales is history. The slump occurred during the partial government shutdown and in retrospect it appears the housing industry is more sensitive to government slowdown than most anticipated. Whatever. Today is it is being reported that US pending house sales rise 4.6%. The number of existing homes that went under contract in the U.S. rose strongly in January, a sign of improvement for the housing market at the start of the year.

The Fed: slowing down on rate increases? Some even suggest next "rate action" could be a cut.

5G: a lot of articles about 5G rollout. I'll believe it when I see it. It's going to be expensive for individual users.

Billionaires. 2018 data.  

• 2,470 billionaires worldwide
• 430 less than previous year (2017)
• total wealth of US billionaires decreased 9% to $9.6 trillion
• • 1% wealth tax = $96 billion 
  • US debt: $22 trillion
  • $22 trillion / $96 billion = 230 years (and, of course, that does not into account interest payments due on the $22 trillion)
• US added 13 billionaires
• China added 52 billionaires
• Chinese Shu Ping, female, and her husband, become the richest restaurant owners in the world; $8.4 billion
• top of the list: Jeff Bezos:  $147 billion
• • Bill Gates, #2, at $96 billion
  • Warren Buffett, #3, at $88 billion -- who is giving away his wealth in incredibly small amounts but getting a lot of press for doing so
• China: 658 billionaires
• US: 584 billioinaires
• Germany: 117 billionaires

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