Since election day, all eyes have been on the stock market in anticipation of what the new administration may bring. In addition, the yield curve has clearly shifted up in anticipation of a potential December interest rate increase. Listen to SH&J’s discussion on the current state of the U.S. economy and the impact of international quantitative easing policies on the dollar.
As the year begins with volatile markets, investor sentiment is a bit shaken and all eyes are on China as the media’s darling. However, China is not the only country with rising debt issues as emerging market nations (in general) are facing rising debt as well. Currency is flooding out of China’s borders in anticipation of the inevitable devaluation of the Chinese yuan. Yet, this could bolster foreign spending, specifically in real estate outside of China. There are additional bright spots as well; the U.S. seems poised for growth (albeit slow) but growth nonetheless, and Japan has implemented negative interest rates in an attempt to discourage savings (believe it or not) and encourage spending to boost their respective economies. Listen in as Larry puts perspective on all these issues and more.
Larry Howes kicks off the New Year with his outlook on the economy in 2016. How did the interest rate increase in December affect mortgages? Will U.S. inflation reach the Fed’s target rate of 2%? What is expected from the U.S. economy and markets this year? What will happen to the U.S. dollar? What can we expect to see in Europe this year? Listen in as Larry addresses these questions and more!
This week, we bring you a special edition of Inside the Economy with SH&J. As many of you are aware, the Federal Reserve increased interest rates on Wednesday for the first time since 2008. While the increase was a small one, only a quarter of a percentage point, it has caused media frenzy. In less than five minutes, Larry addresses the primary reasons behind this rate increase, what it could mean for inflation, mortgage rates, credit card interest, the housing market, Americans’ wallets, and more. Overall, Larry says the effects of this increase will be mostly positive. We will cover more on this topic during our next discussion on January 4th. Until then, have a wonderful holiday season and we look forward to reuniting with you in 2016!
Larry Howes covered a gamut of information this week including the possibility of a Federal Reserve rate increase, consumer confidence, real estate, and oil’s slow recovery. His commentary led to many investigative questions from the team on everything from unemployment to Mexico’s supposed recovery and especially China. Larry discussed China’s “fundamental flaw” and went into depth on their unrealistic drive to become a consumer economy saying, “China wants to become a consuming economy, but you need income to be a consuming economy.” Don’t miss one of the best economic discussions the SH&J team has had in some time. Listen in!
The dollar looks like it might weaken, Puerto Rico could have a political solution, and for the first time the Congressional Budget Office named the public federal government accounts holding 13.1 trillion dollars in debt — all topics covered this week. During the commentary, Larry said, “I’m also in the camp, along with several people, who think China is in a recession…” Listen in to hear what else Larry shared about China and the global economy in this week’s Inside the Economy with SH&J.
Note: We apologize for the audio quality this week. We experienced some technical difficulties during recording and will be back up to snuff in time for our next release in 2 weeks.
The SH&J team kept Larry on his toes this week with a lot of interesting questions. Discussions arose over the stock markets, the dollar and CBO’s ten year Treasury outlook. Larry covered a lot of additional ground including minimum wage and upper-end staffing, the S&P 500, the dollar, and the TPP (Trans-Pacific-Partnership) which “kind-of passed this week.” It’s been a busy couple of weeks in the economy and Larry covered many important bases. Listen in to catch up on where the U.S. and global economy has been and where they might be headed.