Helpful miscellaneous articles
regarding our retirement plan and planning.
Like you, I review my retirement nestegg and plan from time to
time. Recently, I went though some
continued education for some credentials I maintain and it occurred to me that
we all could use a review about these issues.
So with your help, we will share and post articles and info that may be
helpful and of interest to many of you in this section.
July was a rosy month. So rosy that the FED pushed off recession
fears to a “soft landing”, however, August has soured. Much less consumer confidence, Job openings not
so hot, and Jerome Powell is hiding behind the curtain. We do not need happy talk but real analysis
and solid predictions of what we are facing. Here are 3 articles that pour a
little water on the exuberant forecasts we have been hearing all through
August.
U.S. consumer confidence retreats markedly in August, close to
levels signaling recession
Provided by Dow Jones
By
Greg Robb
Drop to 106.1 erases gains in past two
months
The numbers: The
index of U.S. consumer confidence dipped to 106.1 in August from a revised 114
in the prior month, the Conference Board said Tuesday.
Economists polled by
The Wall Street Journal had forecast a modest pullback to 116 from the initial
reading of 117, which was the highest level in two years.
The revised July
reading was the highest since December 2021.
Key details: Part of
the survey that tracks how consumers feel about current economic conditions
fell to 114.8 this month from 153 in July.
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3 Risks That Could Derail U.S. Stocks
Apr 18, 2023
Cracks in
the labor market, worsening business conditions and weak corporate earnings
bode ill for equities.
Author
Key
Takeaways
·
U.S. stock investors appear overly
optimistic about the health of the economy and corporate earnings.
·
Signs of weakness in the labor market,
deteriorating business conditions and lower earnings estimates are causes for
concern.
·
Investors should focus on income and yield
opportunities.
With stocks continuing to post gains into the second quarter—marked by an 8% rise in the S&P 500 Index this year—bullish equity investors appear full of optimism. They seem to believe that inflation has been tamed, the Federal Reserve is nearly done raising interest rates and will soon begin to cut, and that corporate earnings will be resilient.
This rosy outlook underpins today’s very rich equity
valuations but likely leaves little room for any “upside,” or the potential for
further gains, and more important, may set up equity investors for
disappointment.
We believe the market’s resilience overlooks the growing
risk of an economic recession as the Fed comes to the final stages of its
rate-hiking cycle. Here are three risks investors should watch:
Read More: https://www.morganstanley.com/ideas/recession-risk-grows-Q1-2023-earnings-weakness
++++
13 Steps
to Recession-Proofing Your Finances
By Ariela, Facty Staff
Maintaining
your finances can be an overwhelming business. Most of the time, everyday
expenses, work, and family obligations command our attention, but it's
important to also spend time on a financial plan for the long term. Few
circumstances prove this fact better than an economic recession. Defined as a
period of reduced economic activity, a slump in the economy could mean reduced
wages, layoffs and financial hardship for millions of Americans. Don't rely on
luck for financial stability. Recession-proof your finances today to ensure you
survive the next economic downturn.
(As with any of these informative articles,
anyone who needs someone to talk to about
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