We will file this commentary under the subject heading of — you can’t predict the future, especially in a world economy. First we had a solid but unspectacular report of economic growth for the second quarter. Then we had a
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It was the week of the “Feds,” as not only did our Federal Reserve Board lower rates by .25% last week, but also other Central Banks around the world weighed in. The Bank of Japan and Bank of England both
The first week in August was a block buster in terms of economic news. First, we had a reading on personal income and spending for the month of June. This report showed that consumers were still spending, but at a
What is happening with the job market? That is a question we have not had to answer for several years because job growth has been consistently positive. And though the job market continues to be strong in 2019, we can
We were riding high on not so good news. The stock market hit record levels and interest rates were down. This was a reaction to a poor jobs report released in early June, along with the backdrop of trade wars
By the middle of July, we are definitely in the midst of the heat of the summer. And many times, when the temperature rises, so does the heat of the markets. But not all markets are equal in this regard.
The data is out. First, we had the meeting of the Federal Reserve indicating that there are some members open to a rate cut. The markets are now predicting that such a cut may come as early as the end
The popularity of adjustable rate mortgages (ARMs) rises and falls depending upon the overall direction of interest rates, as well as the spread between fixed rate mortgages and adjustables. There are many reasons why one might opt for an adjustable
The celebration of July 4th tells us that one-half of 2019 is over. That is a sobering thought for those who believe that time is going too fast. It has certainly been a very interesting first half of the year.
When the Federal Reserve Board’s Open Market Committee met last week, they did not have the jobs data from April to chew on before they made their announcement. Thus far this year, the Fed has been taking a “wait and