Tag Archives: economics

Quarterly Outlook Summary

Pessimism is growing about the future direction of the markets as is speculation that valuations have become too high. These sentiments are not uncommon in strong markets. Sometimes it’s called climbing a wall of worry. The common ingredients for a … Continue reading

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2015 Year-end Summary

Last year was a difficult year for the markets, but we were able to eke out some positive returns due to a late December surge. That surge quickly melted in early January due to perceived economic weakness in overbuilt China … Continue reading

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Quarterly Outlook Summary

The past quarter (and year) has been fairly brutal to portfolio returns due to high volatility stemming from factors I’ll discuss below. Immediately following the end of September, the market staged a surprising rally that at present appears to have … Continue reading

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Quarterly Outlook Summary

The economy continues to grow. Unemployment is low and interest rates remain at zero. On the downside, labor force participation is the lowest since the 1970’s and continues to decline. Unemployment is declining because prospective employees have stopped looking for … Continue reading

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Quarterly Outlook Summary

In general terms, the overall economy continues to gradually improve. Labor unemployment and job creation is improving. Although consumer demand is also improving, this is moderated by consumers’ continuing to avoid debt and leverage that got us all into trouble … Continue reading

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2014 Year-end Summary

As discussed recently, the economy has been slowly gathering momentum. It is still far from operating at full capacity. Despite the respectable unemployment numbers, over the last five years millions of workers have left the workforce and are now only … Continue reading

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