Perspective

WSJ – Daily Shot: JPMorgan – Changes in Local Consumer Commerce Index (LCCI) 8/3

• “With wages stagnant, older Americans have cut back on spending more than other generations. In particular, restaurant spending by those who are 55 and older has cratered (second chart below). “LCCI” stands for Local Consumer Commerce Index.”

Worthy Insights / Opinion Pieces / Advice

WP – Trump’s golf game tells us an awful lot about Trump – Dana Milbank 8/2

WSJ – Struggling Americans Once Sought Greener Pastures – Now They’re Stuck – Janet Adamy and Paul Overberg 8/3

Real Estate

WSJ – Daily Shot: R Street – Real Estate Double Bubble – Alex Pollock 8/3