Due to COVID-19, the United States posted a negative 32.9% annualized rate of GDP for the second quarter of 2020. To put this in perspective, this is the largest drop in U.S. GDP since 1945 (the year World War II ended). In the 2008 “Great Recession,” GDP only dropped 8.4%. Of course, this GDP i [Read More]
Due to COVID-19, the United States posted a negative 32.9% annualized rate of GDP for the second quarter of 2020. To put this in perspective, this is the largest drop in U.S. GDP since 1945 (the year World War II ended). In the 2008 “Great Recession,” GDP only dropped 8.4%. Of course, this GDP i [Read More]
In the last four months, things have changed drastically around the world. The COVID-19 pandemic took the United States from full unemployment to a 14.7% unemployment rate in 30 days. The markets dropped precipitously in March, hitting a low on March 23. However, the second quarter saw stocks post t [Read More]
I start this article with trepidation. I have always been a proponent of equality but stuck with what I knew: feminism. George Floyd’s death on May 25 has focused our country on an insidious problem that persists in our culture, racism. My expertise is in finance so I will concentrate on that in t [Read More]
The economy and individuals continue to struggle this year due to pandemic lockdowns preventing a normal business environment. The latest figures are staggering. [Read More]
Adding to the discomfort, there are some things you can’t control. The stock market is one of them. Stocks are a leading indicator, which is an economic factor that changes before the rest of the economy begins to go in a particular direction. Leading indicators help market observers and policymak [Read More]
Store shelves are clear of toilet paper and hand sanitizer. In one day, the stock market drops 900 points then goes up 1,000 then ends the trading day down again. “Wheel of Fortune” and “Jeopardy” are taping without studio audiences. The Federal Reserve makes a surprise rate cut. Penn State [Read More]
Overall revenues for Penn State athletics were $164.5 million in its most recently completed fiscal year, a dip of about $840,000 from 2017-18. Revenues for Penn State football were $105.5 million, an increase of only $244,000.
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The restaurant industry has also gone through a transition from the rise of food service at convenience store, to changes in how fast food places do business, to chains that operate under corporate conglomerates. [Read More]
We often talk about bonds and fixed income but don’t elaborate. People were uncertain about what bonds were all about and how they worked. They just think as they get older, they need more of them in their portfolios, usually through bond mutual funds. [Read More]
When people think of a financial legacy, they believe working with an attorney on an estate plan will suffice. The reality is much more complicated. Many people, from young to old, dislike talking about money but talking and educating yourself and your family and friends about your wishes and values [Read More]
It’s no surprise that the world around us is changing at a rapid pace, and according to Money.com, more than two-thirds of Americans want to start 2020 with a better financial footing. As we turn the page to a new year and new decade, I thought we should discuss some of the financial changes to be [Read More]
We are only in the first phases of the AI progression in 2019. As we approach the next decade, what can we expect from it over the next 20-plus years? [Read More]
