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 […]
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 […]
Why you should ignore the media when retirement planning.
While some investors are freaking out about investigations, tweets, or the personality of President Trump, we are still watching policy. So far, some regulation has been rolled back and more is on tap, the Supreme Court has a more market friendly make-up, and there is a hiring freeze on many government agencies. These policies will […]
Some articles in the media can diminish your confidence, such as the market is going to go down, the economy is on the verge of collapse, or that you need to have the new hot investment to be wealthy or successful. What you really need is a solid plan, designed specifically for you. Then your […]
Some people in the financial industry feel you should be concerned with what is going on in the world. What really matters is what is going on in your life. Watch our video for more information.
Last Friday, payroll employment data, from a survey of businesses, showed the US created just 98,000 jobs in March. The consensus of forecasters had expected job growth of 175,000. The other jobs number, which comes from a survey of households, showed 472,000 new jobs in March. Private jobs have now grown for 85 consecutive months, […]
If you read us regularly, and we hope you do, you know that we write each week about a topic we think is both important and timely. Last week, we were either clairvoyant, or extremely persuasive. We argued that unless and until the Federal Reserve reduced the size of its balance sheet (and unwound quantitative […]
Trade is not our enemy: Wesbury’s Monday Morning Outlook We think it was Art Laffer who said it best. Let’s say the US invented a cure for cancer and China a cure for heart attacks. If China decided to ban the cure for cancer, should the US retaliate by banning the cure for heart attacks? […]
Michael Rogan, founder of Rogan & Associates discusses why you shouldn’t take what you hear in the media to heart.