25 August 2018
Question: According to MSN:Money, what are 10 things you’ll spend less on in retirement?
Fed chief shrugs off inflation fears – Pg. 1
– The Federal Reserve does not see risks of the US economy overheating….
– The Fed has signaled it will lift rates again next month, with a December move also widely expected. But prospects get murkier in 2019 as rates close in on current estimates of neutral rates – broadly defined as the interest rate that keeps the economy on an even keel
– …Fed was attempting to navigate between twin risks – moving too quickly and needlessly shortening the economic expansion, and conversely lifting rates too slowly and risking a “destabilizing overheating”
– Mr Powell’s dovish tone…
At a record high, the US market is still shrinking – Pg. 6
– The US stock market this week reached twin landmarks: an all-time high, and the longest bull run in history
– The tally of listed domestic companies in the US has almost halved from 8,090 in 1996 to 4,336 last years, …
– Total US market capitalization is more than 130% of GDP, against 105% in 1996. But companies are on average older and bigger than they were two decades ago
– Mergers and acquisitions have brought consolidation in industries from oil and gas to beer
– IPOs are running at half their annual average level of the 1980s and 1990s
Answer: (1) Transportation; (2) Clothing; (3) Groceries; (4) Entertainment; (5) Mortgage; (6) Education; (7) Insurance; (8) Alcohol and Tobacco Products; (9) Pets and Pet Supplies; (10) Taxes