#21 Daily Financial News Round Up - Nov 21,2021
What news caught my attention?
COP-26 made significant progress in addressing climate change. How? In the Marvel Universe, the Avengers were able to bring together the Wakandan forces, the Masters of the Mystic Arts, the Ravagers, the Asgardians, and the Guardians of the Galaxy together to fight the final battle in the Avengers Endgame. Similarly, COP-26 was able to bring together 200 government heads to agree upon a joint mission. The agreement is half battle won. However, the Avengers weren’t able to succeed until Captain Marvel played her part. Similarly, without the private sector, we can’t expect a different outcome. Thankfully, the private sector declared intent to fight on the good side of this climate battle. Now remains the execution part.
While U.S. consumer spending increased slightly in October, the estimated U.S. existing-home sales fell slightly to an annual pace of 6.2 million.
California had its version of the NYC-mass exodus. The region that gained from the California exodus is the Inland Empire region in California. This region ties with the Phoenix region in 2020 for the most significant increase in households. While the pandemic did not cause the inflow of migration to the Phoenix region, Inland Empire’s gain in households from migration can directly be attributed to the pandemic.
My Takeaways:
Avengers (government heads and private sector heads) assemble. Will they beat Thanos (climate change)?
US existing-home sales fell to an annual pace of 6.2 million.