How to Dodge the Debt Train
An active manager worth his or her salt will manage risk as part of the deal, and risk management is exactly what you need when you live on a railroad track. It doesn’t have to be perfect, just good enough to mitigate the major drawdowns. If everybody else loses 40% and you only lose 25%, you’ll be way ahead of the crowd. And the right manager should avoid even that scenario and keep you near break-even.
Can't Build Them? Join them: Rising Home Prices & Lack of Construction
There’s a tug of war brewing between housing costs and consumer budgets in the US. Single-family home prices have risen 6% a year or more since 2011, and supply/demand forces point to further increases. But consumer budgets have limits. Some buyers are now spending around half of their income on housing.
Second Quarter 2018: Unique But Not Different
For much of this recovery and expansion, many have opined that this economic cycle would ultimately end very differently than those of the past. We have resisted this narrative and instead explained our belief that this cycle will indeed follow the same path and end like all others.
Obesity and Its Role in Retirement Planning
Here is the number one lie that advisors tell themselves and the rest of the world about retirement: Nowadays people are living until they’re 90!
How to Protect Workers Without Trade Tariffs
Donald Trump’s trade war is an international tragedy. But it could have a happy ending if it eventually reminds us of the risks that free trade imposes on people, and if we improve our insurance mechanisms to help them.
Agriculture Around the World
The Northern Trust economics team explores agriculture markets globally and in the United States.
Munis and the Markets, June 2018
A brief monthly update on what's happening in the municipal bond market.
Eurozone Outlook: When Secular Turns Cyclical
Over the next few years, financial markets could be set for a series of “Rude Awakenings,” as we forecasted in our latest Secular Outlook. The global economy is transitioning out of a post-crisis period characterized by remarkable stability, and the changes ahead could be jarring for investors.
Preliminary Thoughts on the Midterm Elections
The different and constantly changing polls make it difficult at this point to reach a definitive conclusion regarding the midterm election results. Moreover, future events – particularly those occurring in late October and November – almost certainly will have an outsized influence on the outcome.
Consumer Price Index: June Headline at 2.87%
The Bureau of Labor Statistics released the June Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.87%, up from 2.80% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 2.26%, up from the previous month's 2.24% and above the Fed's 2% PCE target.
Weekly Unemployment Claims: Down 18K from Last Week
This morning's seasonally adjusted 214K new claims, up 18K from the previous week's revised figure, was below the Investing.com forecast of 226K
U.S. Trade Tariffs: Impact on Asian Technology and Consumer Credit
U.S. tariffs and trade tensions have dominated headlines over the past few months. With certain tariffs aimed squarely at China, Beijing quickly responded with tariffs of its own on U.S. goods in early July. What do the tariffs mean for investors in Chinese and other Asian technology and consumer credits?
Robo-Advisors are not Robo-Planners. Yet.
There are large swaths of the financial planning landscape that can – and should – be both automated and integrated in such a way to which robo advisors aspire, but do not yet currently deliver.
How to Start Your Own Study Group
When advisors learn that I facilitate high-performance team meetings, sometimes called study groups, they want to know how to set one up where they live. Here’s my advice.