Last Thursday morning, the Bureau of Economic Analysis (BEA) released information on Q2 2022 Gross Domestic Product (GDP), a comprehensive measure of economic activity. Real (inflation-adjusted) GDP was negative for the second consecutive quarter. BEA data indicated that the economy contracted -0.9% in the second quarter, following a decline of -1.6% in the first quarter
In this month’s MCF Perspective Moments, Dave Harris, CEO of MCF Advisors, provides an update on market volatility, factors affecting inflation, the changing environment, and our views regarding the potential for three different courses of inflation – and its effects on the markets – going forward.
The Russian military invasion of Ukraine this week added more uncertainty to capital markets in what has already been a volatile year.
Historically, the housing industry has led the U.S. out of a recession and many economists consider new housing starts to be a leading economic indicator versus a lagging indicator. Think of it this way:
There are some significant changes to your retirement plans starting January 1, 2020. Between the Internal Revenue Service announcing cost-of-living adjustments for tax year 2020 and the new Secure Act, there is a lot to digest.