The following debt facts were published in an article by Jill Schlesinger of CBS Money Watch in February 2012. They are an excellent recap of our nation’s debt from 1791 to now. Read on to find out why you need to know these facts. 1. The U.S. national debt on Jan. 1, 1791, was just $75 million dollars. […]
Posts Tagged ‘GDP’
Great infographic from Fast Company of the presidents and parties in power since 1940 and the debt during their time in Washington.
In our Monthly Economic report, we take an in-depth look at the changes in our markets and the effects of economic policy nationally and globally. This broader perspective provides greater clarity in understanding the forces that affect investment performance and future expectations. Click Here to Read More.
Last week, corporate profitability was added to the third revision of third quarter GDP growth and not surprisingly, corporate profits were up more than 28% from the same point one year ago. Up to this point little of that money has benefitted the overall economy; however, that trend may be changing. Corporate profits reached their […]
One of the most disheartening aspects of the past several years was the abysmal state of consumer finances heading into the recession. In the first quarter of 2008, the personal savings rate was a meager 0.8% of disposable income and household liabilities as a share of disposable income reached an astounding 130%. Levels that severe […]