Henrickson Nauta Wealth Advisors Inc. CLIENT LOGIN
AboutServicesWho We ServeClient ResourcesContact
Home » Client Resources » Featured News

Featured News

More Articles  Printer Friendly Version

 

Longest U.S. Expansion Keeps Rolling

Newly released data confirmed expectations that the 10-year-old expansion — already the longest ever — will continue growing albeit at a modest pace.

The U.S. Bureau of Economic Analysis on Wednesday revised upward third-quarter economic growth and released a new monthly personal income figure showing a strong acceleration after adjusting for inflation.

The four components of U.S. economic growth — consumers, exports net of imports, state and local government spending, and business investment — grew by 2.13% in third quarter of 2019.

The government issues three estimates of the quarterly growth rate and the first estimate was for a slowing rate of growth in gross domestic product. The new figure is the first revision before the final figure will be released. The GDP growth rate came in at 2.13% in the third quarter, which ended on September 30th, 2019.

U.S. growth is being driven almost entirely by consumers and low inflation.

After adjusting for inflation, real disposable personal income grew by 2.2% in the 12 months ended in October 2019. That was down from September's 12-month rate of growth of 2.6%, but the highs in real disposable personal income per person relative to the two previous expansions are impressive and important. The amount of money the average working American has in their pocket available to spend has not been higher in modern America.

On the Friday after Thanksgiving 2019, the Standard & Poor's 500 index, a grading system for financial economic progress, closed fractionally off an all-time high reached on Wednesday, at 3,140.98.

Happy holiday!


This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. No one can predict the future of the stock market or any investment, and past performance is never a guarantee of your future results.


Email this article to a friend


Index
Retirement Income Reality Check
Find The Major Economic Trend Hidden In This Picture
Is The New Record High In Stocks Irrational?
Stocks Break New Record; Economic Outlook Clears
Despite Frights, Can The Expansion Continue?
Retail Sales Coverage Reflected The Narrow View Of The Media
Small-Business Optimism Declines But Remains High
Analysis Of New Employment, Manufacturing & Service Economy Data
Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis
No Recession But A Slower Pace Of Growth
Fickle Financial Headlines Brighten
Economy Gets Bad Press Again
Europe's Growth Problem And Your Portfolio
Stocks Dropped 2.6% On Friday, As Reality Gap Seemed To Widen
A Prudent Perspective On Recent Volatility

This article was written by a professional financial journalist for Henrickson Nauta Wealth Advisors Inc. and is not intended as legal or investment advice.

©2019 Advisor Products Inc. All Rights Reserved.
[ About ] [ Services ] [ Who We Serve ] [ Client Resources ] [ Contact ] [ Disclosure ]
© Henrickson Nauta Wealth Advisors   2325 Belmont Center Dr. NE, Suite A Belmont, MI 49306   P:(616)361-9308   info@hnwealthadvisors.com