 | Are we in a recession?
If you go by the technical definition many economists and analysts use, yes.
Gross domestic product (GDP) shrank in both the first and second quarters. Output contracted 1.6% in the first quarter and 0.9% in the second quarter.
Without a sharp revision (which is unusual), we are in a recession.
Good to know!
As investors, what does that mean?
Click here to see why it’s natural to fear a recession — but it shouldn’t stop you from profiting now. Suggested Stories: My Airline Debacle Reminded Me: Optimized Portfolios Aren’t Risk-Free!
Reinvestment Risk: Another Win for Dividends vs. Bonds
| Has President Biden’s new executive order…
Alongside MIT, 77 global governments, the Gates Foundation, UNICEF and the Clinton Development Initiative…
Ignited a historic $40 trillion transfer of wealth from the middle class to the rich?
One of the nation’s leading economists (Nomi Prins) has traveled to Delray Beach, Florida, to uncover exactly what’s happening and what this means for your money. | |
Marijuana Market Update By: Matt Clark, Research Analyst Cannabis earnings season just kicked off.
Some of the biggest industry names are reporting quarterly numbers soon.
How does inflation affect those profits?
Check out my latest Marijuana Market Update to find out.  Suggested Stories: Return to Office a Boon for “Strong Bullish” American Supplier
Proposed Bill Boosted Energy Storage Stocks — Get Ready for More Gains
| On September 21, 2022, Washington may make its ugliest move yet.
It could lay the groundwork for outlawing cash.
For some, it could mean tremendous prosperity. For others ... the pain could be severe. | |
Chart of the Day Books on technical analysis define an uptrend as a series of higher highs and higher lows.
This chart pattern indicates prices are moving higher on each leg up, and selling is easing earlier in the legs down.
It’s a useful definition that you can apply to any data set.
Take a look at today’s chart to see what a certain bond spread says about a recession.  Suggested Stories: White House, Fed Clash on Recession Definition — Why This Matters
Don’t Hold and Hope — Trade Bitcoin Instead
| 
1997: President Bill Clinton signed the Taxpayer Relief Act of 1997. It included Senator Bob Packwood and Senator William Roth’s provision that allowed Americans to save taxed income in a new way. You might know it better as the Roth IRA, named after its chief legislative sponsor. In 2020, 45.4 million Americans (35% of households) owned Roth IRAs. | |
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