Stock

The real deal with emerging markets

Emerging markets (EMs) are largely unfamiliar territory for U.S. investors ― and if portfolio allocations are any indication, many of them are keeping their distance. EM equities come with more risk than their developed counterparts, but over time they also can be a source of growth and diversification in a portfolio. And while more than […]

Stock

Fed’s Beige Book: Economic Actvity Expanded “modest to moderate rate”, Coronavirus Impacting Travel

Fed’s Beige Book “This report was prepared at the Federal Reserve Bank of Richmond based on information collected on or before February 24th, 2020.” Economic activity expanded at a modest to moderate rate over the past several weeks, according to the majority of Federal Reserve Districts. The St. Louis and Kansas City Districts, however, reported […]

Estate Planning

What Is Trust Administration?

Although once used almost exclusively by wealthy families, trusts are now commonly found in the average person’s estate plan. If you are contemplating the addition of a trust to your estate plan, it is important that you choose the right Trustee to administer that trust. Understanding the trust administration process a little bit better may […]

Stock

ISM Non-Manufacturing Index increased to 57.3% in February

The February ISM Non-manufacturing index was at 57.3%, up from 55.5% in January. The employment index increased to 55.6%, from 54.8%. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: February 2020 Non-Manufacturing ISM Report On Business® Economic activity in the non-manufacturing sector grew in February for the 121st consecutive […]

Real Estate

The Housing Market Feels the First Effects of the Coronavirus; Redfin Now Offers On-Demand Virtual Home Tours

Until Sunday, U.S. housing demand seemed unaffected by the coronavirus. The National Association of Realtors reported last week that pending home sales were at the second-highest level in the last two years. But over the past three days in Seattle, where the first U.S. coronavirus death was confirmed on Saturday, February 29, we’ve seen a […]

Budgeting

How to Make Money With An Amazon FBA Business

The online marketplace is a crowded space. There are many options to make money. They include places like Poshmark, eBay, and Amazon FBA (Fulfillment by Amazon). Because of its name recognition and popularity, many people start with an Amazon FBA business. If that describes you, and you’re looking for guidance with starting your Amazon FBA… […]

Stock

ADP: Private Employment increased 183,000 in February

From ADP: Private sector employment increased by 183,000 jobs from January to February according to the February ADP National Employment Report®. … The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.…“The labor market remains firm, as private-sector payrolls continued to […]

Stock

MBA: Mortgage Applications Increased Sharply in Latest Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 15.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 28, 2020. The results for the week ending February 21, 2020, included an adjustment for the Presidents’ […]

Tax

Banks and landlords have to pick up the costs of the epidemic to come if the the economy is to have a chance of surviving

I have already discussed the potential economic implications of coronavirus this morning. The purpose of this blog is to summarise the underlying economic logic of what I have said. We will have an economic crisis in 2020 as a result of coronavirus. There can now be no doubt of that; the likelihood that this epidemic […]

Tax

An economic plan to beat the impact of coronavirus

I suggested that interest rate cuts would not address the economic consequences of the coronavirus before the markets issued their quite emphatic agreement yesterday evening. In that case this post is not an ‘I told you so’, but rather more the reflection on what really needs to be done to manage the economic consequences of […]

Stock

Wednesday: ADP Employment, ISM non-Mfg, Beige Book

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for February. This report is for private payrolls only (no government). The consensus is for 170,000 payroll jobs added in February, down from 291,000 added in January. […]

Stock

30 Year Mortgage Rates at 3.0%

From Matthew Graham at MortgageNewsDaily: Rates at All-Time Lows No Thanks to Fed’s Emergency Cut The Fed announced an emergency rate cut of 50bps today (0.50%). Great! So your mortgage rate could be 0.5% lower, right? Not exactly… Rates definitely moved lower today, and the Fed was definitely involved in that, but more so because […]

Investing

Energy infrastructure outlook amid the coronavirus outbreak

Concern among market participants over the ongoing outbreak of the COVID-19 virus appears to have spread from simply a short-term reduction in demand for petroleum products within certain Chinese provinces to a broader, though still short-term, impact beyond hydrocarbon consumption. Accordingly, the initial equity market impact was largely concentrated among energy-related equities but has spread […]