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No Big Changes

No Big Changes

Another quiet week in the markets, typical for late summer. What could have moved the markets and didn’t were the Consumer Price Index , which was unchanged, and housing starts were up 0.5%, building permits unchanged. So flat, flat, flat.  The next day the data for...

Brexit Helps Client with Rates

Investor who missed the low rate by 1 day in 2012 finally gets a second chance and gets the rate she was waiting for. In November 2012, rates went up .375% in a matter of days. My client was “thinking” about whether she should drop her rate from 5.375% down to 3.625%,...

Some Good News, Some Bad News

It was a week of some good and some bad news for the economy, with investors mixed reactions. Tuesday we got the Q2 productivity numbers: DOWN 0.5%;  our Unit Labor Costs were up 2% (costs being up indicates possible inflation). Friday we got July’s Retail Sales...