Manufacturers’ warehouses were bursting with unsold inventory. Industrial production started shutting down. Yet labor was somehow in short supply and workers were demanding higher wages. This was the scene as recession took hold of the American economy in late 1960, while the nation – and probably a few corpses in Chicago – decided whether John […]
Smith Anglin Financial has been recognized as a 2023 Best Places to Work for Financial Advisers as recently announced by InvestmentNews. There’s a saying that goes: “Choose a job you love, and you will never have to work a day in your life.” Some might say that is unrealistic – maybe taking it too far – […]
Commercial real estate recovers from long Covid Residential real estate prices are dropping in response to higher mortgage rates, even as unit sales are increasing. While homes generally appreciate in value over the long haul, it’s a dicey proposition from an investing perspective. It’s great to know that your personal domain will be worth more […]
Super Bowl LVII was that rare occasion when the game was more interesting than the ads. Remember last year’s Super Bowl commercials? How many of them were for cryptocurrency exchanges or related entities? eToro, Crypto.com, Coinbase’s bouncing QR code … none of them aged well. Most embarrassing of all, though, was comedian Larry David’s pitch […]
This year, the federal government expects to take in about $4.9 trillion in fiscal year 2023, compared with last year’s $4.8 trillion. You could make the case that, allowing for inflation, government revenues are actually going down, but be careful who you try to make that case to. If it’s to the American taxpayer who’s […]
Last month, the human population of the Earth surpassed 8 billion. These people all need food, shelter, clothing and – no joke – cell phones. More than 9 out of 10 people worldwide have these devices. Can the Earth’s bounty sustain such a census? Can demand keep up with supply? Yes, probably, but it’s going […]
How in the world did we manage positive GDP Growth for Q3? Aren’t we supposed to be moving closer and closer to a recession—if not in one already? And if the first two quarters were negative but Q3 is now positive, does that mean we are out of the woods? These are frequent questions I […]
It has happened before. In fact, it’s happened more than once. Wars that start in Ukraine have a way of not ending there. History, they say, doesn’t repeat itself, but sometimes it rhymes. The first stanza of “Let’s Conquer Ukraine Then Go on To Wreak Havoc on a Continental Scale” dates back to the year […]
Mortgage rates are spiking, so people are putting off buying a house. Those who already own their four walls are staying put because they know they’ll never get better loan terms than they have right now. In the meantime, household formations are exceeding housing starts by about 2,000 units every 12 months. That’s actually nothing […]
Type “definition of” into your Google search field and see what autocomplete prompts you get. Your algorithm may vary, but when we did it just now, “narcissist” was high on the list and “insanity” was even higher. But the top prompt was “recession”. Yet so many of us throw around this term without knowing what […]
