Year: 2019

Sept. 2019 Rate Inversion, the Economy, and the Stock Market

A great deal of attention is being paid to yield curve, which is currently “inverted”, and what that might portend for the economy as well as the stock market. Investors should be circumspect with regard to the headlines. Recent research provides more useful insights. The U.S. yield curve plots current interest rates for fixed income …

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Jul. 2019 – A Trillion Here, A Trillion There

Everett Dirksen (U.S. Senator 1951-1969), exasperated with mounting federal expenditures, is said to have quipped “a billion here, a billion there, and pretty soon you’re talking real money.” By today’s federal spending standards, “a trillion” might well be substituted for “a billion.” Both the deficit and debt are at an all-time high. The annual federal …

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