November 2018 Economic Dashboard

Rumors of a plateauing of oil output in Texas, New Mexico (which share the Permian Basin) and North Dakota have been exaggerated by a lack of pipelines to transport shale oil to refining depots.  The pipeline bottleneck should be eased by the end of 2019 when three new pipelines are completed that will link the… Read More »

October 2018 Economic Dashboard

After enjoying five consecutive months of gains, US stocks had a terrible month of October, dropping almost 8% from their highs reached early in the month. Third quarter GDP growth was a very strong 3.5%, buoyed by robust consumer spending.  Corporate earnings beat already-high expectations.  So why then did the market have a sudden change… Read More »

September 2018 Economic Dashboard

Wall Street loves an anniversary and the 10th anniversary of the Lehman Brothers failure was no exception.  We won’t go into the causes of the failure and subsequent Great Recession as they have been told and re-told many times.  One lesson of Lehman was that anything was possible in terms of financial calamity, so what… Read More »

Over 70? Here is what you need to know about RMDs

What is a Required Minimum Distribution? A RMD represents the minimum amount that an account holder must withdraw from certain retirement accounts. Anybody with a Traditional IRA, SARSEP, SEP, SIMPLE IRA, or employee-sponsored retirement plan that has reached the age of 70½ is required to take a minimum distribution from their account. RMDs exist, more… Read More »

August 2018 Economic Dashboard

Perhaps everyone can breathe a sigh of relief now. Almost seven months to the day, the S&P 500 finally hit a new all-time high on August 24th. After the index peaked on January 26th it quickly fell 10% and then muddled along for the next few months, but steady progress since April has finally resulted… Read More »