Given the decline in GDP for the second quarter, more S&P 500 companies than typically discussed the term “recession” during their earnings conference call for the second quarter.   240 companies cited the term “recession,” and 412 companies cited “inflation” during their earnings calls for the second quarter From June 15 through September 8, which […]

The Consumer Price Index for All Urban Consumers rose 0.1 percent in August on a seasonally adjusted basis. Over the last 12 months, the all-items index increased 8.3 percent before seasonal adjustment. On a year-over-year basis, food prices went up 11.4%, energy prices by 23.8%, new vehicles by 10.1%, and transportation costs by 11.3%. On

Most people assume they can work longer but end up retiring earlier. There could be multiple reasons, including health and unforeseen circumstances like COVID. It is wise to delay our gratification and save and invest while we are young and working. In a recent survey by EBRI, only 10 percent of the workers planned to

If history is the guide, in March 1980, inflation peaked at 14.6%, and Fed raised rates to 19.1% to bring back inflation to the neutral rate in June 1981. And, if the Core inflation is at 9%, is a 2.5% Fed rate enough to tame the beast? In our opinion, Markets misread the Fed statement

The US economy shrunk by annualized 0.9% after contracted in the first quarter of 2022. Historically recessions are measured by falling real GDP in two consecutive quarters. However National Bureau of Economic Research defines a recession as a significant decline in economic activity spread across the economy for more than a few months. It’s Business

As the fed raises interest rates in 2022 and possibly in 2023, short-term rates will go higher and nudge the ten-year rates higher than the current rates despite the inverted curve. Most probably, mortgage rates may go even higher than current rates. However, mortgage rates are still historically lower than those a couple of decades

The breakdown by age: Baby Boomers: Baby boomers were born between 1946 and 1964. They’re currently between 57-75 years old (71.6 million in the U.S.) Gen X: Gen X was born between 1965 and 1979/80 and is currently between 41-56 years old (65.2 million people in the U.S.) Gen Y: Gen Y, or Millennials, were born between 1981

The conference board’s Leading Economic Index (LEI), the most reliable and significant indicator of recessions, has been trending down for the past two months. The LEI (a combination of ten leading indicators) usually drops far ahead of the forthcoming recession and has started dwindling, indicating a probable downturn shortly. Higher inflation, rising interest rates, supply