The U.S. Economy Will Boom Then Bust

The Federal Reserve predicts economic growth, as measured by gross domestic product, will rise to 2.5 percent in 2018. That’s within the ideal range of 2-3 percent.  While a candidate, Donald Trump promised to boost growth to 4 percent. A 4 percent growth rate would set off a dangerous boom and bust cycle. If growth does hit[…]

Rate-hike probability plummets

The day prior to May’s weak employment report, Fed Funds futures put the probability of June or July rate hikes at 20.6% and 60%, respectively. Markets haven’t exactly been jittery since, but there’s certainly been a global rush into government paper over the past week, with yields on Swiss and Japanese 10-year bonds falling even[…]

Employees filled with gloom over retirement

A whopping 76 percent of U.S. employees — more than three out of four — believe that they’re going to be worse off in retirement than their parents. That’s according to the “2015 Global Benefits Attitudes Survey” by Willis Towers Watson, which also found that that attitude of gloom pervades many aspects of the retirement[…]