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Why Does The S&P 500 Keep Breaking Records?
The International Monetary Fund, in its latest World Economic Outlook, revised its July estimate for world growth higher, to 3.7%. That's way up from 2016, when the world economy grew by 3.2%. In July, the IMF estimated global GDP for 2017 would jump to 3.5%, and 3.6% in 2018. The latest revision bumped up the expected growth of the world economy to 3.6% in 2017 and 3.7% in 2018.... more >


U.S. Stocks Nearly Doubled In The Last Five Years
With a new quarter just under way, it's a good time to look back at the key investment trends over the last five years. The five-year period is part of a bull market that started in March 2009, when the economy was emerging from the most frightening financial crisis in decades. The recovery and expansion is now the second longest in modern U.S. economic history.... more >


The Big Economic News The Media Keeps Missing
Seventy-one-year-old Federal Reserve Board Chair Janet Yellen, a professor of economics at Harvard and Berkeley for four decades before her appointment to lead the Fed in 2014, admitted at a press conference recently that the persistently low rate of inflation was a mystery. So, it should not be a shock that the financial press is missing the story of the year: Real wages soared yet again in September. The economy is hard to understand and the press is bombarded with distractions. Just look at the headlines today.... more >