With some European and Asian markets closed this Easter Monday, we turn our attention first to the U.S. budget. Next, a look into U.S. Federal debt over time - can you guess which year the country first accumulated major debt? U.S. businesses are suffering from slowed output, new orders, and hiring, especially in the service and factory sectors. A not-so-welcome trend has appeared in the Philly FED Manufacturing Index. Lastly, a look at how Germany and France are faring in the manufacturing space.
1. The last time we had a budget surplus was during the tech bubble in the late 1990's. Capital gains taxes can work wonders...
Source: WSJ Daily Shot, as of 4/22/19
2. When did the U.S. become in debt? This is inflation adjusted and the grey denotes recessions.
Source: WSJ Daily Shot, as of 4/22/19
3. From the Chief Economist from Markit, the publisher of the PMI report:
Source: WSJ Daily Shot, as of 4/22/19
4. No rebound yet...
Source: WSJ Daily Shot, as of 4/22/19
5. Unfortunately, the trend is back...
Source: WSJ Daily Shot, as of 4/22/19
6. Well, it didn't get worse...
Source: WSJ Daily Shot, as of 4/22/19
7. ...Like France did...
Source: WSJ Daily Shot, as of 4/22/19
8. China is using a lot of debt to stimulate their economy...is it too much for healthy growth?
Source: WSJ Daily Shot, as of 4/22/19
It's the last week of Financial Literacy month! What is your favorite thing you've read so far about investing and finance? We'd love to hear your thoughts and take your suggestions for upcoming blog posts. Send us a quick note here:
Disclosure: The charts and info-graphics contained in this blog are typically based on data obtained from 3rd parties and are believed to be accurate. The commentary included is the opinion of the author and subject to change at any time. Any reference to specific securities or investments are for illustrative purposes only and are not intended as investment advice nor are a recommendation to take any action. Individual securities mentioned may be held in client accounts.
