October 29, 2020
After a historic GDP contraction in the second quarter, caused by the pandemic and ensuing economic shutdown, expectations for the third quarter were high. The U.S. economy managed to top… Read more
October 28, 2020
After hitting a record high the month before, the U.S. trade deficit in goods fell slightly in September. The gap fell to $79.4 billion from $83 billion. Economists had expected… Read more
October 26, 2020
The number of U.S. households without a bank account fell in recent years. According to a biennial survey the FDIC conducts, the unbanked rate fell from 6.5% in 2017 to… Read more
October 22, 2020
The number of Americans who filed a continuing claim for unemployment benefits fell by more than 1 million during the week ending October 10. This brings the total number to… Read more
October 20, 2020
Shoppers are hoping to make fewer stops this holiday season as coronavirus anxiety remains on their minds. A new survey found that, on average, consumers are planning to go to… Read more
October 19, 2020
China’s economy grew by 4.9% in the third quarter as compared to a year earlier. Though the numbers fall short of the 5.3% projected by economists who were polled by… Read more
October 16, 2020
Even before the pandemic hit, India’s economic growth was slowing. When the virus hit the nation, the economy contracted by nearly one-quarter, the biggest drop for any of the world’s… Read more
July 12, 2022
For decades, the rise of China has been treated as something of a fait accompli. Economists, politicians and academics have wondered not if, but only when, China would surpass the… Read more
January 29, 2020
The recent coronavirus outbreak has already enacted a human cost. At the time of writing, there have been nearly 4,700 confirmed cases, resulting in more than 100 deaths. Both numbers… Read more
January 26, 2023
The U.S. economy showed surprising resilience at the end of 2022, weathering rampant inflation, higher interest rates, and geopolitical uncertainty, even as questions persist over whether growth will turn negative… Read more
January 19, 2023
Retail spending declined in December at the fastest pace of 2022, ending the holiday shopping season on a sour note, as higher interest rates, persistent inflation, and concerns about an… Read more
January 17, 2023
The World Bank has substantially cut its global growth forecasts for 2023, citing broadly worsening economic conditions since its previous projections made in mid-2022. The group’s latest Global Economics Prospect… Read more
January 3, 2023
The U.K. economy is expected to see a contraction in 2023 that will be nearly as deep as that of Russia, economists expect, as the nation grapples with surging inflation… Read more
December 12, 2022
U.S. consumers are feeling more optimistic about inflation amid expectations that both food and energy price increases will be slower in the coming year, according to a New York Federal… Read more
December 6, 2022
One of the main drivers of inflation may be about to turn a corner. Surging housing costs, which have kept inflation high this year, have likely already started to decline,… Read more
December 1, 2022
American consumers stepped up their spending in the run-up to the holiday season, taking advantage of higher wages and a slight easing of still-high inflation. Consumer spending jumped by a… Read more
“Modern finance is based on scientific reasoning guided by theory, not subjectivity and speculation.”
John “Mac” McQuown
Patience mitigates risk.
When it comes to investment products, complexity often fosters fraud and abuse.
Portfolio diversification enables investors to manage their fear of the unknown.
Rebalancing is like love, you never have to say you are sorry. You are always selling high and buying low.
A good investment policy should never risk what you already have for something you don’t need.