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Summertime and the Living is Easy

Rapid Refund

Federal Reserve Chairman Jerome Powell ended his remarks at the 60th Annual Meeting of the National Association for Business Economics on October 2, 2018, with this statement. “This historically rare pairing of steady, low inflation and very low unemployment is testament to the fact that we remain in extraordinary times.

Rumor has it that the long bull bond market is over.  The Federal Reserve projects that it will continue to raise interest rates.  The nation is essentially fully employed.  Inflation is creeping op over 2%.  The stock market has been hot, even though it has taken a much-needed break recently.  As interest rates continue to rise, that will cause yields to increase, and

If watching the market over the last few trading days has you feeling like Wile E Coyote right after he unknowingly runs off the cliff, you are not alone.  Way back on January 26, 2018 we were hitting record highs in the markets.  The Dow Jones Industrial Average closed at 26,616.71 an all-time high.

As we have said before, we usually have Bloomberg television running in the background in our offices. Earlier today, they showed a Breaking News clip of President Trump signing a proclamation that Monday, January 15, 2018, will be Martin Luther King, Jr. Day, and declaring it a federal holiday.

Warren Buffet famously wrote in his 2001 Chairman’s letter to the Berkshire Hathaway investors that “you only find out who is swimming naked when the tide goes out.”  This was right after many investors had gotten greedy and put too much of their portfolio into high flying growth stocks in the late 1990s, only to be hurt badly when the market crashed.  It is hard to

Equifax has recently reported a data breach that could have affected up to 143 million American consumers.  While we do not use Equifax in our business, if you have a credit card, car loan or mortgage you may have still been affected.  There is a quick check site set up by Equifax at https://www.equifaxsecurity2017.com/po

We want to make a point, but we should provide a bit of background first…