Month: August 2014

August
25

Provided by: Jon McGraw

Economic Notes: August 25, 2014

Economic data points from the week were quite good, and showed a continued rebound of conditions.  Inflation, as measured by CPI at least, rose at a tempered pace we’ve come to expect. Equities and other risk assets were higher, with positive data economic data noted above and lack of geopolitical disruptions; bonds sagged on higher…

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August
25

Provided by: Jon McGraw

Yellen the Multi-Armed Economic Goddess

What do Harry S. Truman and Hindu goddesses have in common? Both were invoked to describe Federal Reserve Chairwoman Janet Yellen’s speech at the Jackson Hole Economic Policy Symposium last week. In her opening comments, Yellen confirmed the economy had improved and suggested more data was needed before the Fed could determine its path. She…

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August
18

Provided by: Jon McGraw

Economic Notes: August 18, 2014

Data was mixed on the week, with retail sales disappointing, but surveys and sentiment still decent on the manufacturing/small business end. Equity markets deflected geopolitical concerns and gained, as did bond prices with interest rates falling a fraction of a percent to very low levels (even lower in Europe, which reported flat economic growth for…

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August
18

Provided by: Jon McGraw

Not Your Typical Children’s Story

If you have young children or grandchildren, you may have read “Alexander and the Terrible, Horrible, No Good, Very Bad Day” by Judith Viorst. Well, that’s what last week was like on the European continent from an economic perspective. Hopes of economic recovery were put on hold when gross domestic product (GDP) figures across the…

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August
11

Provided by: Jon McGraw

Economic Notes: August 11, 2014

Economic data reports for the week were relatively good, led by ISM non-manufacturing, factory orders and the Fed’s Senior Loan Officer Survey showing positive results. Stocks experienced a more volatile week as events in the Ukraine raised anxiety again, which dissipated by the end of the week with net small positive effect in the U.S.,…

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August
11

Provided by: Jon McGraw

Summer Waffle Cone Triple Dips

During the dog days of summer, a triple dip – three melting scoops of frozen goodness perched precariously on a waffle cone – can be delicious. There are other kinds of triple dips that are a lot less welcome, though. Just look at Italy. Last week, the Italian National Institute of Statistics released its preliminary…

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August
04

Provided by: Jon McGraw

Economic Notes: August 4, 2014

A busy week of economic data releases boosted by a faster Q2 real GDP growth rate, a stronger ISM manufacturing reading in July and upbeat consumer confidence levels. Housing sales data for June was weaker, while results for July’s payroll numbers and June’s personal income and consumption data were in-line. No significant surprises from last week’s Federal Open…

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August
04

Provided by: Jon McGraw

Geopolitical Concerns plus a ‘Taper’ Tantrum

Last week, investors took a long look at the crazy quilt of information and events around the world and decided they didn’t like what they were seeing. Geopolitical tensions puckered a lot of seams: Conflict in Ukraine was embroidered with additional sanctions against Russia, difficulty investigating the downed commercial airliner in Ukraine, and escalating anti-American…

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August
01

Provided by: Jon McGraw

Priceless Collection at Risk of Substantial Loss

Original art, heirloom jewelry, autos from a bygone era, furniture handcrafted two centuries ago, and wine with vintages before your first adult grandchild was born; such is the nature of collecting unique and valuable items.  Some collections have grown out of a passion for a certain artist or a region of the world that speaks…

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