As mentioned in my last Economic Update in August 2020, Covid-19 hit us in March 2020; so now we are barely 15 months out, and have experienced a very quick recovery from market lows about a year ago. In fact, many experts feel it’s too quick of a recovery caused by the Virus scare and […]
Just as fast as the U.S. economy entered recession when the Coronavirus hit us in March, it may have already reached a bottom, but no one is fully certain. Our economic recovery will be slow, as the lingering effects of COVID-19 severely limit growth. I expect a modest rebound by early 2021, but we will […]
In my opinion, and that of many economic analysts, the U.S. Economy is very close to tipping into another very deep recession. Therefore, I’m beginning with a strong warning about our economy’s direction. Please pay careful attention to the reasons why I fear our impending recession may even be as bad as a ‘Depression’, exceeding […]
The U.S. economy’s excellent steady job-creation sputtered slightly in August 2019 and produced a mere 120,000 jobs, about 30,000 less than experts anticipated. It is the 3rd smallest gain in well over a year and came on top of other signs that the economy is sluggish leading into the Fall season. This coupled with many […]
Mid-June 2019: I have an economic warning and prediction, so in this update please pay attention to the reasons why I fear an impending doom in the form of a deep recession, similar or greater than the crash of 2008-09, is evident. Stocks (Corporate holdings) will drop in excess of 50 percent in value by […]
As a service to friends and valued long-term clients, Retirement Portfolio Management provides periodic economic updates to keep the public informed and help make sound business and personal property decisions. The US economy’s remarkably steady job-creation sputtered in February 2019 and produced a mere 20,000 jobs. It was the smallest gain in well over a […]
The U.S. economy added 134,000 jobs in September, but wages grew at a lower pace over the past rolling 12 months. Wages were also up only 1.0% compared with a year earlier. Eighteen states so far in 2018 have raised their minimum wage… which helped consumer earnings this year. The net result of the ‘Obama+Trump’ […]
As a service to friends and valued long-term clients, Retirement Portfolio Management provides periodic economic updates to keep the public informed and help many to make sound business and personal decisions. As of the June 1st, 2018 The U.S. economy added 178,000 jobs in May, and wages grew at a moderate pace over the past […]