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☆ A boomer couple left coastal Florida after 3 decades for rural Missouri because the Sunshine State 'is definitely not paradise anymore'
▼ + stars: | 2024-03-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

But after decades by the water in Florida, Meaders said Florida "is definitely not paradise anymore." Meaders wanted to be closer to her son and grandson, and the couple wanted a small-town feel. AdvertisementMany older Americans continue to flock to Florida, though some have recently told Business Insider they've had enough of the Sunshine State. Meaders and Dunne met in Brevard County after Dunne moved back. They've found the hospitality of everyone in their community much improved, noting that many people in her small Missouri city recently moved from California.

Persons: Sherry Meaders, James Michael Dunne, Meaders, they've, millennials, Missouri Meaders, Dunne, Rockledge, We're, it's, she's, They've, We've Organizations: Service, Business, Sunshine State, Bureau, Survey, Coast Guard, Bell System, Daytona, Kansas City Locations: Florida, Missouri, Virginia, Georgia, Texas, Kansas City, Rockledge, Brevard County, Cocoa Beach, Cape Canaveral, Chicago, Pacific, Alaska, Fort Lauderdale, Orlando, Volusia County, Daytona Beach, Africa, Miami, America, Kansas, In Florida, California

☆ 'We are at the very onset of a recession right now': A top Wall Street strategist shares a 'huge red flag' signaling the economy is heading into a downturn — sending stocks tumbling as much as 20%
▼ + stars: | 2023-11-18 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Right now, it's up 7.7% year-over-year and continues to rise, prompting Kantrowitz to say it's a "huge red flag for me." Still, while the unemployment rate is up to 3.9% from its 3.4% low earlier this year, unemployment claims have not spiked meaningfully. Piper Sandler"Regarding employment – I see enough data that has me convinced that we are at the very onset of a recession right now," Kantrowitz said. If the unemployment rate continues to tick upward, even slightly, it will likely trigger the Sahm rule mentioned above. Plenty of market onlookers see a recession in 2024, including DoubleLine Capital CEO Jeffery Gundlach and Citadel founder Ken Griffin.

Persons: Piper Sandler's Michael Kantrowitz, Kantrowitz, Piper Sandler, Sahm's, It's, Claudia Sahm, Jon Wolfenbarger, Wolfenbarger, Jeffery Gundlach, Ken Griffin, Goldman Sachs, Jan Hatzius, Brian Moynihan Organizations: Federal, Business, Institute for Supply Management's, Investor, Federal Reserve, National Federal, Independent, Treasury, Conference, DoubleLine Capital, Citadel, Bank of America

☆ Ron DeSantis is drawing from the Trump Supreme Court playbook
▼ + stars: | 2023-06-06 | by ( Joan Biskupic | ) edition.cnn.com time to read: +10 min

CNN —When Supreme Court Justice Clarence Thomas appeared for the first time before the Florida Federalist Society in January 2020, Florida Gov. Some of DeSantis’ state court appointees became Trump federal court appointees, and their entire approach to the bench is fueled by Federalist Society figures like Leo. WaPo: Supreme Court justice's wife received thousands in 'hidden payments' 01:49 - Source: CNNUsing the Trump playbookBy using Leo for advice on state judicial appointments, DeSantis already is following a Trump playbook. He has filled a majority of the seats on the seven-member Florida Supreme Court, some twice over. Midway through his term, he wrote on Twitter, “The Supreme Court was one of the main reasons I got elected President.”

Persons: Clarence Thomas, Ron DeSantis, Thomas, Leonard Leo, Leo, Donald Trump’s, DeSantis, “, ” Leo, Ginni Thomas, ”, ProPublica’s, Thomas ’, Harlan Crow, Octavio Jones, Roe, Wade, Sullivan, Don McGahn, Gregory Katsas, Trump, ” DeSantis, ” Thomas, Katsas, WaPo, DeSantis ’, Jesse Panuccio, ” Panuccio, Barbara Lagoa, Robert Luck, Ruth Bader Ginsburg, Lagoa, Amy Coney Barrett, “ I’ve, Barrett, Neil Gorsuch, Brett Kavanaugh, Barack Obama’s, Antonin Scalia Organizations: CNN, Florida Federalist Society, Florida Gov, Disney, Federalist Society, White, Harvard Law School, Politico, Representatives, Trump White House, Republican, Trump, Republicans, DeSantis, Tampa Bay Times, Zuma Press, GOP, New York Times, US, DC Circuit, Gov, Orlando Federalist Society, Appeals, Circuit, Florida Supreme, Twitter Locations: Florida, Iowa, ’, Washington, Georgia, America, New Hampshire

☆ A top Wall Street investment strategist breaks down why stocks are setting up for a 22% drop in the second half of the year — and shares 2 signs that show a recession is likely
▼ + stars: | 2023-06-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Piper Sandler's Michael Kantrowitz says a recession is hurtling toward the US economy. He pointed to stocks falling in lockstep with rising unemployment claims in 2007, 2000, 1990, 1981, 1973, and 1969. Today, investors are again doing a poor job of forecasting rising unemployment claims in the months ahead, Kantrowitz believes. Underpinning Wilson's call is an earnings recession this year that investors aren't pricing in. "We first started talking about the coming earnings recession a year ago and received very strong pushback, just like today.

Persons: Piper Sandler's Michael Kantrowitz, Kantrowitz, Michael Kantrowitz doesn't, Piper Sandler, it's, Louis, Greg Boutle, Cantor Fitzgerald's Eric Johnston, Venu Krishna, Morgan Stanley's Mike Wilson, Wilson, Albert Edwards Organizations: Energy, Survey, Federal Reserve Bank of St, BNP, Barclays, Conference, Board, National Federal, Independent, of Labor Statistics, Generale's Locations: lockstep

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