The New Normal

The New Normal was a term to describe the financial conditions after The Great Recession of 2008-2009 by Mohamed El-Erian, currently the chief economic advisor at Allianz. The concept of the New Normal is that the economy would remain sluggish and take many years to recover. The Old Normal   The Old Normal for many… Continue Reading: The New Normal

Markets Prove Resilient Despite Topsy-Turvy May

May brought a flurry of market and economic information for investors to mull. First-quarter gross domestic product (GDP) fell at a 0.7% annual rate, revised down from a lackluster 0.2% gain. Corporate profits also fell, reflecting a stronger dollar, weakness abroad, adverse winter weather and possibly some seasonal adjustment issues. Pending home sales, however, climbed… Continue Reading: Markets Prove Resilient Despite Topsy-Turvy May