SECURE Act 2.0 Summary
On December 27, 2022, the SECURE 2.0 of 2022, a part of the Consolidated Appropriations Act of 2023, was signed by President Biden and became law. SECURE 2.0 aims to increase retirement savings and...
Inflation, Stagflation & Recession
Inflation, stagflation, and recession, or in reverse order, whichever way, those are the three possibilities that we are experiencing in the U.S. economy. Inflation is what we're experiencing now. ...
Good Economic News is Bad News for the Market
The current inflationary environment (surging aggregate demand during a period of constrained aggregate supply) is more of a function of the super supportive fiscal policies during the height of...
Why Is High Frequency Data Invaluable?
Every time you listen to Chairman Powell, or in fact, any central banker, they will tell you that they take certain actions that are data dependent. Data dependent - meaning that whatever decision...
COVID Policies & The Economy
There's this fatigue, COVID fatigue occurring. There is a resurgence of COVID that nobody wants to talk about. Luckily, it is a mild form. We have transitioned from calling it pandemic to endemic. ...
What Is The Role Of The Federal Reserve?
Chairman Powell of the Federal Reserve has been getting a lot of bad press about his actions being too late, not being enough, or being too heavy handed regarding the US economy. The commentary is...
Is The U.S. Economy Headed To A Soft Landing Or A Hard Landing?
There's a lot of discussion out there about soft landing versus hard landing. It may not be anything meaningful to an average person, but what are they talking about? The Federal Reserve has been...
What Is The GDP And How Was It/Will It Be Impacted By COVID?
GDP (Gross Domestic Product) is the term to measure the aggregate of all goods and services transacted in the United States. It is an indicator of our economy: Bigger Better Stronger The stronger...
Philip Chao in Financial Advisor Article “ Bridging The Income Gap For Early Retirees”
Here is the complete article.
Philip Chao Viewpoints Published in Advisorpedia – Higher Inflation: Transitory of Sustained
We are joyfully anticipating and participating in the post-pandemic robust economic recovery and at the same time sensing the beginning of a gradually less supportive environment for stocks and bonds...