Make More, Spend More
Lance Gaitan | March 13, 2019 | Dear Economy & Markets Subscriber, Last week was "risk-off" for stocks. This week, not so much. Despite Boeing's (NYSE: BA) 10% drop, initially pulling the Dow Jones down with it, stocks rebounded nicely on Monday and ended a five-day losing streak. I've been saying volatility was going to rise, and last week it did across all sectors. But at this week's open, that volatility has since backed off. Most of what drove stocks lower over the past few months was doubt over the U.S. trade deal with China. And it doesn't help that their economy has been slowing down. We're also seeing a slowdown in Europe. The uncertainty with Brexit is destabilizing. That uncertainty seems to be the only certainty, according to Britain's Prime Minister Theresa May. Economies in the major industrialized nations are naturally linked by trade. So, when one major economy falters, other major trading partners are likely to follow. It serves as an indicator to things of come. If China and Europe are already slowing, the U.S. economy is bound to slow as well. In fact, we're already seeing signs of slowing… READ MORE. Trending Stories… | The best temperature modeling came together in the late 1990s and we started tracking temperature with these models in 2000. Since then, only one model has been accurate, and it calls for temperatures to increase modestly over the next 80 years if we do nothing. So, what does that mean for governments and corporations around the world? | | The Great Depression was a big deal, right? And we've been recovering since the financial and economic crisis at the turn of this century, right? Not so fast. The numbers show that our cumulative GDP over the last 11 years has been slightly WORSE than that during the 11 years between 1929 and 1940. See for yourself… | | Contrary to popular opinion, Boomers haven't started their trek through the peak spending wave in nursing homes yet. But as they do, they're going to have some serious impact… | |
