Since the start of the economic recovery in mid-2009, real GDP has grown at an average annual rate of 2.1%. The second quarter of this year doesn’t look much different. Our calculations suggest real GDP grew at a 2.5% annual rate in Q2, exactly the same as the consensus forecast. That’s an acceleration from the […]
Someone selling insurance or financial ‘products’ does not make them a ‘financial planner’. What does? Watch our video for more information.
At eight years, the current economic recovery is the third longest on record. Personal income, consumer spending, household assets, and net worth, are all at record highs. Stock markets are at record highs. Corporate profits are within striking distance of their all-time highs. Federal tax receipts are at record highs. So, how is it possible […]
Feel concerned about your financial future because of what you hear on the news? Watch our video for important information on why you should not be concerned about what you hear on the news. https://www.youtube.com/watch?v=Yult_hRdQmY&feature=youtu.be
Remember the weak May payroll report – just 138,000? Didn’t think so. But, back then, that first report on May was reported as a massive economic slowdown that should stop the Fed from further rate hikes. But the weak May number was due to a calendar quirk that led to an undercount of college kids […]
The Federal Reserve just finished its annual round of large bank stress tests. The banks all passed – meaning they had enough capital to withstand a massive financial shock and deep recession. These stress tests are the political result of the government blaming banks, and not Fannie and Freddie, for the 2008 Panic and are […]