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Inflation Expectations: A Dubious Survey

The Big Picture

I have a sneaking suspicion that inflation expectations are overly dependent on 6-foot tall numbers posted nationwide adjacent to roadways showing the price of a commodity that used to be a very significant portion of the family budget but today is a much smaller part of consumer spending. November 22, 2009). Black Friday #Fails.

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A Few Thoughts On Diversification Strategies

Fortune Financial

Witness the performance of Lockheed Martin versus broad industrials during the 2007 – 2009 financial crisis, and the COVID crisis of 2020: Another example would be government spending on policing and public safety.

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Does the ISM Services Index Really Reflect the Real World?

Mish Talk

The rate of contraction was the fastest since August and among the sharpest on record (since October 2009). Struggling most of all is the financial services sector, though consumer facing service providers are also seeing a steep fall in demand as households tighten their budgets. "A

Economy 190
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Key Words: ‘It’s not over,’ former NY Fed President Bill Dudley says about the rout in Treasurys

MarketWatch

In a Bloomberg column published before Thursday’s data, Dudley, head of the New York Fed from 2009-2018, said there are many reasons to expect the 10-year yield BX:TMUBMUSD10Y to move “considerably higher” than its narrow range near 3.75%. regional banks. s “troubling” fiscal trajectory, among other things.A

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Looking for a conversation starter with your clients? Happy National Financial Awareness Day!

Nationwide Financial

Although 53% isn’t ideal, this number shows improvement from 35% in 2009. Budgeting is an important step in helping your clients manage their money, helping to ensure they are controlling their debts and have money available to invest. Sticking to a budget can help your clients save a little bit each month and build up their savings.

Clients 59
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: Lazard elevates financial advisory head to CEO

MarketWatch

Orszag was director of the Office of Management and Budget in the Obama administration in 2009 and 2010, also vice chairman of Citi from 2011 to 2016. Orszag is now CEO of financial advisory at Lazard. Orszag has been CEO of Lazard’s financial advisory unit since 2019 and joined the firm in 2016. Lazard stock is up 0.5%

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Social Security in the Red? Here’s Another Source of Government-Backed Income

Mauldin Economics

The US military budget is nearly $700 billion this year alone. That’s more than twice the military budgets of China, Russia, Saudi Arabia, and India combined. But here’s the kicker: The US spends 90% of its military budget on US companies. Between 2008 and 2009, US consumer spending fell 8.2%