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"...you need money to buy things; you earn money by working; you may have to wait to buy things you want; and there is a difference between things you want and things that you need..." Time Magazine, Nov 30, 2015 Article - Your kid's financial education should start much earlier than you think - By Dan Kedlec
Knock...Knock...Who is there? FedEx...FedEx who? FedEx will be there tomorrow!
What is the worst kind of cat? CAT-astro-phe !
What do you get when you cross snowman with vampire Frost-Bite.
What kind of Bill can you breath? Billionaire.
Why did Dino go to the hospital?
Because he was (Dino) "Saur".
How do you make eleven even?
Take away the "el."
How do you make seven even?
Take away the "s"
Why did the chicken cross the railroad track?
Because it wanted to get to the Chick train.
What is a duck on the 4th of July?
Knock, Knock...Who is there?Banana...Banana who? Banana...Banana who?Banana...Banana who? OR-ange...Aren't you glad I didn't say banana?
Are you 5?
No! I am not 5! I am 4.95 plus shipping and handling!
Knock knock...Who is there? Panther!Panther, who? PantH-or-no-PantH I am going Thwiming!
Laughs above are credited to kids and various sources.
Business fun facts!
Do you know the ancestry of American people?It is a melting pot of immigrants from all over the world.This trend continues even today.These immigrants make America what it is today and are an big part in the success of businesses today.
There are over 320 million Americans today.Ancestry of Americans include: Germans over 14%, African American 12%, Irish 12%, English 8%, Mexican 8%, Italian 6%, Hispanic 5%, French 4%, Polish Scottish, Dutch, Norwegian, Scotch-Irish, Native American, and Swedish are between 1-3% but add up to 11%.The rest are from other various countries.
In 2008, $3.3 Trillion was the total loss in value for the US housing market. In early 2006 housing market value was close to $9.4 Trillion..so almost 1/3rd of housing market value was lost due to housing, credit, and financial crisis!
Since 2008, close to 12 million jobs have been added to the job market! This has allowed many Americans to get back on track and recover from the recession. Unemployment rate is now below 5% from almost 10% in 2009 when financial markets caused the recession!
Markets inch up on multiple economic news- 1) Feds raise rates, 2) Strong jobs report, and 3) Consumer confidence rises
Last week was full of significant economic news. As most experts predicted the Federal Reserve raised the interest rates. The February jobs report came out strong and the Consumer confidence rose. See details below.
The DOW closed up 15 points or 0.07%, the S&P500 was up 7 points or 0.28%, and NASDAQ was up 38 points or 0.64% for the week ending March 17th. The oil was up slightly by $0.33 or 0.7% to $48.72 per barrel.
So far this year the DOW is up 5.8%, S&P500 is 6.2%, and NASDAQ is up 9.6%.
As expected the Feds raise the interest rates by 0.25%
The Feds felt that the key economic indicators, such as,inflation,unemployment rate, and US economy are improving and see conditions to stay positive. TheFederal Reservereaffirmed that it expects to raise two more times the key interest rates in 2017 as long as the economic condition stay the current path of growth and the inflation remains about 2%.
This past December the Fed raised interest rates after seven years. The Fed rate was raised by 0.25% from a range of 0.00%-0.25% to 0.25%-0.5%. The Discount rate was at 1.25%.
TheFederal Reservethinks that US economy is expanding and other economic indicators such as unemployment rates hovering at record low at 4.7%, inflation remains contained at about 2%, housing market conditions improving, and consumer spending remains strong. Mr. Trump's plan to cut taxes, less regulations, and infrastructure spending are some of the key variables that may affect the economy and will be a part of consideration in 2017.
US adds 235K jobs in February. Unemployment rate down to 4.7%
The U.S. Labor Department reported that in February 235,000 jobs were added. The unemployment rate came down from 4.8% to 4.7%.
Source:New York Times, Bureau of Labor Statistics(BLS)
The annual increase in wages in February was at healthy 2.8%.Typically when the demand for workers increase, wages rise. In 2016 US witnessed that supply of available workers started to dwindle which in turn made employers to pay more to attract the right workers. This trend seems to continue in 2017 which is a good sign for the economy and workers!
Also readVolume 177how Supply and Demand changes effect price?It applies to the Labor demand and supply as well. .
Sources: Multiple, CNN, Yahoo, Google, NY Times, BLS, US Government, CIA handbook,...
Consumer Confidence rises in March to 97.6 from 96.3 in February -- a 13-year high!
Consumer ConfidenceIndex (CCI) rises to 97.6 in March from 96.3 in February. CCI of above 90 shows stable economy and above 100 is a sign of strong growth. Trump's win and his message to cut taxes, reduce regulations, and to create business growth friendly environment is making consumer think that his agenda will bring more economic growth.
Improving job marketwhere unemployment is record low at 4.7%seems to be also helping consumer confidence.The rise ofCCI rise is a sign that consumers are feeling good about the job market, economic growth outlook, and their future.Why is consumer confidence so important?Volume 64.