Why Did the Stock Market Fall When the Economy is Doing Well?

Why Did the Stock Market Fall When the Economy is Doing Well?

The answer is that one reflects the past and the other anticipates the future. Last Friday’s advance estimate from the Bureau of Economic Analysis showed the U.S. economy grew 3.5 percent during the third quarter of 2018. Harriet Torry of The Wall Street Journal...
It Wasn’t Headline News…

It Wasn’t Headline News…

But, if newsprint was still popular, last week’s key economic news would have appeared below the fold. The Federal Reserve raised rates for the third time in 2018, as expected. In addition, the Federal Open Market Committee projects economic growth will continue for...
All Investors Are Consumers, but Not All Consumers Are Investors

All Investors Are Consumers, but Not All Consumers Are Investors

The September installment of University of Michigan’s Consumer Sentiment Survey reported Americans are feeling pretty optimistic. Consumer sentiment rose to the second highest level since 2004, and consumer expectations reached the highest level since 2004. Surveys of...
REMEMBER THAT SAYING ABOUT THE FOREST AND THE TREES?

REMEMBER THAT SAYING ABOUT THE FOREST AND THE TREES?

Some pretty good numbers have been posted for 2018. They’re the type of numbers that inspire confidence. For example: 4.1 percent. The United States experienced strong economic growth during the second quarter. The advance estimate for U.S. gross domestic product (the...
Let’s Talk Turkey

Let’s Talk Turkey

So, how did a country that represents just about 1.4 percent of the world’s economy spark a global selloff? Turkey was once a rising star. The country’s Prime Minister Recep Tayyip Erdogan took office in 2003 and his “conservative, pro-business policies helped pull...