Economic forecasting is an awful lot like weather forecasting. Based on what the experts know, we can be pretty certain of what’s going to happen in the next week or so. After that, we need to look at history and trends. Trying to make detailed predictions about what is going to happen in the futureContinue reading “What’s the Forecast?”
Lately in “the stock market is not the economy” news, the Dow Jones Industrial Index has been breaching new highs. The S&P 500, too. Sure, the American vaccination effort is going better than expected, but the fact is that this economy is still missing 9 million jobs from when this pandemic started. So what gives?
I don’t think its a big secret that personal finance isn’t formally taught at any point in our lives. That’s why I’m using this money Monday to share the basics of stocks, bonds, and why we use both. And yes, I did put on a sequined blazer just to film this for you all.
2020 was… um…well… it was a rollercoaster. The S&P 500 had a daily close up or down of at least 1% (illustrated by the bar chart below the line graph), in 110 of this year’s 253 trading days, compared to just 38 days in 2019. That is what us financial nerds call Volatility. I thinkContinue reading “#MoneyMonday – Glad that’s over”