Category Archives: Investments & Investing

Looking Back at 2017 & Ahead to the New Year

As we kick off 2018, it’s always good to look back on the highlights of last year and contemplate what the New Year might bring. While the US economy finished 2017 on a strong note, it certainly didn’t start out that way. GDP was up only 1.2% (annual rate) in the 1Q but rebounded strongly… Continue Reading

30-Year Anniversary of “Black Monday” – Dow Down 23%

Today is the 30th anniversary of “Black Monday,” October 19, 1987, when the Dow Jones Industrial Average plunged 508.3 points, or almost 23%, in that one day. It was and is the worst single day in US stock market history. At today’s lofty levels, a decline of 23% in a single day would mean the… Continue Reading

2Q GDP Hits 3%, Yet 78% Still Live Paycheck to Paycheck

The Commerce Department reported yesterday that 2Q GDP rose at an annual rate of 3.0%, the best showing in more than two years and up from the initial estimate of 2.6%. The report was stronger than expected and was spurred by a bounce in consumer spending and business investment. While yesterday’s report was a welcome… Continue Reading

Fed Confirms Balance Sheet Reduction Just Ahead

In my August 8 Forecasts & Trends E-Letter, I suggested that the Fed Open Market Committee (FOMC) may vote to begin the process of reducing the size of its massive $4.5 trillion balance sheet at its next policy meeting on September 19-20 – in lieu of hiking the Fed Funds rate a third time this… Continue Reading

Something Is Wrong With the U.S. Economy

Over the last several months, we’ve seen a significant amount of encouraging US economic data. Most notable is the fact that consumer confidence ended last year at the highest level since 2007, and small business optimism was the highest since 2004. Both indexes have continued to rise this year. With confidence at these levels, one… Continue Reading