Economists have spent a lot of time lately debating whether the US economy will experience a hard or soft landing. Let’s see what the hard data is telling us.
Economy
The pros and cons of a recession from a financial planning perspective
A recession refers to a widespread drop in spending. It can last months or even years. One way of detecting a recession is if the nation’s gross domestic product (GDP) has been negative for at least two consecutive quarters. A recession can be triggered by many...
2022 Financial Recap with Daniel Mannix
As this year draws to an end, let's look back at what actually happened and whether or not we can expect it to happen again. 2022 has been a really bad year for bonds with the Bloomberg US aggregate bond index down 13% at the end of November. Now to put that in...
How to know when the market has bottomed out?
This year has been really painful for both aggressive and conservative investors alike as really once-in-a-generation levels of inflation have finally pulled us out of more than a decade of artificially low-interest rates and that carnage has been felt by all. Now, a...
The Fed was wrong that last year’s inflation would be transitory: Here’s how we know
For much of last year, the economists at the U.S. Federal Reserve Board confidently told the public that the rampant inflation we were experiencing in the U.S. was “transitory.” Well, was the inflation actually transitory? It appears that they were wrong, and...
How and Why Does the Fed Raise Interest Rates?
The Federal Reserve is the central bank of the United States and it has a dual mandate of price stability and full employment. Now, the latter has not been an issue this year. The unemployment rate is currently sitting at 3.5%. That's the lowest since 1969. On the...
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