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DID YOU KNOW? Wall Street is bracing for what seems almost assuredly to be a third interest rate cut in as many meetings of the Federal Reserve this afternoon. (Marketwatch)
DID YOU KNOW? The other night I attended a very civilized agent soiree at a chic listing of Steve Dawson. The guest speaker was Robert Couturier, one of the great interior designers to the super-wealthy. Here were some key takeaways:
* The very wealthy used to spend MUCH more on their furnishings relative to the cost of the property compared to today.
* Quality furniture costs have come down sharply, especially with less emphasis on antiques that used to cost a fortune.
* Interiors are and always have been fashionable.
* Building dining rooms is an old concept that has come back: in the old grand buildings of Manhattan, most had smaller kitchens and a dining hall. Some had TINY kitchens.
* People should decorate for themselves, not for visitors: chances are you will never please your visitors! Surround yourself with things you love, that work for you and your lifestyle.
*Very tall ceilings in small rooms can deliver an effect similar to being stuck in a well.
* Be aware that when you have a gorgeous view of a large body of water during the day, at night that view could be a sea of black.
DID YOU KNOW? In 2010, average Chinese workers saved 39 cents of every dollar of income. Today, it is 33 cents. Many young Chinese save nothing at all. Household bank balances have soared more than 1000% since 2000, faster than the nearly 800% expansion in GDP during that period—a wealth accumulation unmatched by any country in modern times. Households will owe 68 cents per dollar of GDP by 2024. U.S. consumer debt is 78 cents per dollar. (WSJ)
DID YOU KNOW? An estimated 3,788,235 people born in the USA in 2018, a 2% decrease from 2017 and the lowest number of births in any year since 1986, according to a report published by the National Center for Health Statistics. The birthrate among women in their early 20s declined 5% in 2018 and has dropped an average of 4% each year since 2007. It is now 1,728 births per 1,000 women (similar to England, but 15% higher than in Canada). Without immigration, the US population size would be in decline. (NY TIMES)