Finance Globe

U.S. financial and economic topics from several finance writers.

Near Term Outlook On the Economy

covid-19-economy
Many are hopeful and predicting the economy is going to come back in the summer. However, based on the data to date, that has not happened. The Federal Reserve recently said that U.S. businesses saw limited evidence of a recovery in recent weeks, with economic activity continuing to decline amid the coronavirus pandemic. The labor market continued to deteriorate and consumer spending fell further as retailers and restaurants remained largely closed in most of the country...
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Advice for Recent College Graduates

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This is not a great time to be a recent college graduate. The economy is in terrible shape and there are over 40 million Americans who have recently filed for unemployment in the last 10 weeks. I have asked several associates what advice you would give to recent college graduates. These associates all graduated in 2008-2009 and know what you are getting into. Below is a summary of their advice and a few tips based on...
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Wanderer
Sad to have to consider living so frugal after four years or more of a spartan life style but, seems a good path to follow for the... Read More
Tuesday, 09 June 2020 02:44
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May's Stock Performance

stock-market-board
The stock performance in May has been very strong, which is a surprise to many. April was very strong and May continued that trend. The stock market finished higher on 5/27, with the Dow and S&P 500 both clearing critical milestones as investors cheered a reopening of the economy and a potential coronavirus vaccine. The Dow closed above 25,000 and the S&P broke 3,000, both for their first time since March—showing the market’s recovery from the...
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Coronavirus Lessons for Anyone with a Retirement Fund

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Even in the absence of a global pandemic, retirement is very difficult to manage and plan for. Everyone’s retirement funds have likely seen the ups and downs recently and likely feel very concerned about the state of our economy. However, now is not the time to panic and make quick decisions without a thorough thought process. Below are some lessons to take to make sure you are planning for your retirement the right way. Have flexibility...
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April Stock Performance

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I will not begin to predict or even fully understand the recent ups and downs of the U.S stock market. However, given all the volatility recently, I thought it would be helpful to provide a high-level summary of the U.S. stock market performance each month. Below is a high-level summary for the month of April.   The Dow and S&P 500 posted their best month of performance since the 1980s. Optimism has been driven by hopes...
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Outlook on U.S. Economy

economy-coronavirus
The U.S. economy is facing a significant economic recession likely one that is truly unique and not like other recessions we have ever seen before. There is little doubt that we are already in a recession because of the coronavirus pandemic, with many businesses shut down, and many Americans are staying home. It is difficult to say when the bottom will occur and how long it will take to climb bank. However, I have gathered a...
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Wanderer
Good read! Does not lay out a positive future at this time and likely is on the mark. Disappointing. Hard to believe one item in l... Read More
Sunday, 03 May 2020 02:48
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What To Do If You Are Laid Off?

unemployed-coronavirus
Unfortunately, there have been mass furloughs and layoffs over the past 30-60 days due to the COVID-19 pandemic. Many people are out of work and do not know when they are going to go back to work. If you have recently been laid off, there are a few steps I would recommend for you to take. I hope you are able to find another job quickly and I hope with COVID-19 pandemic goes away at some...
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Wanderer
There is an added item that was written up a few days ago in the credit circles. The item has to do with the lender forgiving pay... Read More
Sunday, 03 May 2020 02:55
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Government Financial Assistance for Businesses and Individuals

government-stimulus-check
The US government is making unprecedented moves to help individuals and businesses during this COVID-19 crisis. Like myself, I am sure you are feeling the effects as our daily life is very different. I know many people are suffering and many businesses are shut down for the foreseeable future. On somewhat of a positive note, the government is trying to scramble and offer assistance for the individuals and businesses that are most effected. Below is a...
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Do You Need an Emergency Fund?

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When everything is going as planned with your finances and life in general, you don’t see much reason to have an emergency fund. It’s easy to believe that everything will remain the same into the future. However, don’t be fooled. Things can and will go wrong, ranging from the current coronavirus pandemic to a necessary home repair. With an emergency fund in place, you have money to fall back on should you need it to get...
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Financial Tips During a Financial Recession

100-bill-mask-coronavirus
I think it is fair to say the coronavirus is bringing the U.S. economy to a slowdown, although likely could be a complete halt. Most are predicting a recession for at least this year. In order to prepare for a recession, below are a few tips to help you survive through a recession. Re-evaluate your priorities: During recessionary times, you should re-assess what your goals are. For example, a person that may be going into retirement,...
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Wanderer
Time to take financial control of our lives and for some, live within our means! Scary thought ...
Sunday, 22 March 2020 03:06
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