Inflation arises from an environment where the number of dollars and credit outpace the goods and services available. In its simplest form, there are two ways to combat inflation, curb spending or expand supply. The Fed utilizes monetary tools in an attempt to increase or lower demand to balance the disparity between Supply/Demand. The biggest […]
It used to be so simple and predictable: The economy grows. People prosper. They buy homes. Housing prices spike and inflation works its way through the economy. The Federal Reserve raises the fed funds rate – the rate big banks charge each other for overnight holds – thus the banks have to raise mortgage rates. […]
With the heavy stream of reminders that inflation is at historic highs, and suggestions that the economy is on the verge of collapsing from one day to the next—it can be difficult to focus on our future goals and feel any sense of security about our own finances. The reality is, however, that expert economists […]
It’s hard times in the air right now. In fact, the airline industry’s stock index is down by one-third over the past 12 months. That’s hard to take, considering that the broader market is down around 13% over the same time. This shouldn’t be the case. After all, the Department of Transportation has documented that […]
According to Visual Capitalist’s analysis, $1 million would fund a retirement that lasts almost 35 years in the Midwest, compared with less than 18 years in the West. Let’s bear in mind that we’re talking about urban areas – clearly, you could live cheaper in the shrublands of western New Mexico than on Wacker Drive […]
It’s entirely fair to say that the U.S. dollar doesn’t buy as much as it did a year ago. It’s also true that, although the entire world is experiencing inflation right now, American consumer prices have surged a little higher than those of most other advanced economies. And yet, the news is not all bad […]
It’s a dangerous world which doesn’t seem to be letting up. For obvious reasons, like supply chain disruptions, and for senseless ones, like the war in Ukraine, the whole idea of a global economy is running up against harsh realities. People who see world trade in economic terms want to see a bigger, more integrated […]
Stocks were plummeting. Banks collapsed. By mid-October, the New York Stock Exchange had lost half its value from the previous year. The few remaining healthy companies bought out those that failed, and even the most fervent antitrust crusaders fell by the wayside. The economy was already in recession, with industrial production reduced by almost one-third. […]
The cost of income tax is a crucial part of overall wealth management and our team at Smith Anglin works diligently to mitigate or reduce your tax burden for both retirement and investment income. We have a dedicated team of CPAs that work alongside our wealth advisors to make sure you are not only meeting […]
It’s hard to stay calm when headlines like “Russia invades Ukraine!” appear everywhere you look. And matters are made worse when you’re reminded that the reckless aggressor in the conflict is a nuclear power which is just a short series of missteps away from leading to World War 3. Honestly, if global nuclear war is […]
