The Percentage of personal income from government programs is on the rise. As outlined by Axios: State of play: As much as 22% of Americans’ personal income last year came from government benefits, including Social Security, stimulus checks, enhanced unemployment insurance, and the child tax credits (CTCs) that ended in… Read More »Government Support Continues to Increase
As we are learning to live the pandemic this should be the time for growth. The International Monetary Fund has cut its growth forecast for the world economy by 0.5 percentage points. According to its latest World Economic Outlook, published on Tuesday, the organization now expects global gross domestic product to… Read More »IMF Cuts Growth Forecast for 2022
We’ve all been out lately and noticed that prices are up significantly and on basic stuff like a burger and fries, Chicken sandwich. Catch up quick: Higher costs weighed on McDonald’s profits last quarter, the company reported today. Passing costs onto diners may continue to hurt the company’s business, according… Read More »Food Price Increase By Category
Even with all the supply chain issues, the Trade deficit is at an all time high. This obviously is not sustainable. Americans’ spending on imported physical goods has gone through the roof, while exports are growing slowly, making the U.S. the world’s consumer of last resort. Why it matters: High… Read More »Trade Deficit is Through the Roof
Jobs offering a 4 day work week is no way the norm. The four-day workweek is nowhere close to becoming the norm, despite a flurry of media coverage and intense interest from worker bees worldwide, Emily Peck writes for Axios Markets. Why it matters: With the pandemic throwing work-family dynamics… Read More »4 Day Work Week
Many business owners struggle with exiting their business as it may feel like putting one’s child up for adoption. Research supports this: Entrepreneurs really do think of their business as a child. Research findings include similar brain activity between owners thinking about their business and parents thinking about their children.… Read More »Your Business = Your Baby
The last two years have not been kind to tourism, hit even worse thank the great recessions. While few industries have been spared by the impact of the COVID-19 pandemic, even fewer have been hit as hard as the tourism sector. As 2021 drew to a close with severe limitations to… Read More »Tourism Has Taken A Huge Hit the Last Couple of Years
Wow, look what came in the mail! A huge shout out to Robert Rough of Telos Capital Advisors. He flew to AZ to meet with a client and due to COVID issues, the meeting was changed to Zoom and he simply used our conference room. Hopefully, the potential client will… Read More »Thank You! Robert Rough
The Market volatility was affected with the market heading into correction territory yesterday while closing slightly up. One additional measure of the markets today: the volatility index. Why it matters: Think of it as an indicator of market insurance for portfolios in case of major dips, Hatfield tells Hope. Axios… Read More »Volatility Index Past Couple of Years
The pandemic and online banking Bank Branches are closing a record pace. As reported by Axios. Bank branch closures hit a record last year, Hope writes. By the numbers: The number of net closures increased by 38% from 2020, according to S&P Global Market Intelligence. The big picture: Banks, which… Read More »Bank Branches are closing at Record Pace