Tag: economy
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Retail Sales in December Dropped 1.1%, November Revised Down
Keep in mind November and December are prime holiday consumer spending months. With inflation being high it would be natural for sales numbers to be up because of the higher prices of goods and services. This is a double whammy. Retail sales, a measure of purchases at stores, restaurants and online, declined a seasonally adjusted…
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Core Inflation Rose 6.3% in August
While the Consumer-Price Index rose 8.3% in August and is down from the peak of 9.1% in June the Core Consumer-Price Index increased to 6.3% in August from 5.9% in June and July. The Core CPI excludes volatile goods like food and gasoline. This could mean things are actually getting worse economically and the higher…
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Now is the time to buy not sell
Inflation, record gas prices, record food prices, falling markets, and political turmoil. In the short term this all looks bad. But what is your reason for investing? Are you investing for the quick buck? If so, you’ll be tearing your hair out as you watch thousands, perhaps tens or hundreds of thousands, evaporate from your…
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Having another rough day in the markets
I’m not doing better than the Dow today but I am still out performing the S&P and Nasdaq. Here’s to hoping that people start bargain hunting and bring things up a bit towards the end of the day. Personally I’ve felt the Dow in particular is still double where it should be naturally. Something changed…
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GDP revised down to -1.5%
Equity index futures were higher before first quarter gross domestic product (GDP) revisions were released. The GDP revision was expected to come in at -1.3% from the earlier -1.4%, but actually ended up being worse at -1.5%. The revision also revealed higher-than-expected inflation growth at 8.1% instead of the forecasted 8%. Equity futures trimmed their…
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Everyone wants dividend stocks!
Energy companies aren’t increasing natural gas supplies, J&J files lawsuit, and Economic uncertainty pushing investors to dividend stocks.