G&G Associates Tax & Financial Consulting
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Don't Let the Good Data Fool You!
Hotep G&G Readers,
Hotep G&G Readers,
There is an old saying "Liars can figure, but figures don't Lie. The Key is can you figure out if they are Lying or not."
The market celebrated last week, roaring higher right out of the gate on
news that 255,000 jobs were added in July, blasting past the Street
estimate for a gain of 180,000.
But it’s still too early to give the all-clear sign, indicating that the economy is truly on the way up.
But it’s still too early to give the all-clear sign, indicating that the economy is truly on the way up.
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Internal Sponsorship:
Want to Know How To Protect your Portfolio from Negative Interest Rates
If you get paid in dollars and hold the majority of your assets in U.S. stocks or bonds, your wealth is in significant danger (401K’s, TSPs, 403Bs, Mutual funds, etc).
To become a member of the G&G Investment Society (GGIS) newsletter subscription to learn how to take advantage of some of our suggestions so you can protect your wealth and portfolio against a fallen dollar, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the “Products & Services” link and we’ll get you signed up right away.
DON'T WAIT ANOTHER DAY!
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- 2 year subscription - $269
- Lifetime subscription - $699 {50% off tax prep & 25% off consulting services for life}
*** Membership Guarantee *** If you don't make your money back from being a GGIS member by the end of your subscription...we'll refund 100% of your subscription fee back. That's how confident we are that this will be one of the best financial moves of your life.
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And definitely far too early for the Fed to start raising rates.
The unemployment rate remained flat at 4.9%, as more than 400,000 Americans entered the workforce. The Bureau of Labor Statistics reported 7.8 million unemployed Americans, but that number is far from complete if you consider that U.S. labor participation hovers at 62.8% — its lowest level in decades.
What’s not included in the unemployment number is that there are 2 million people who are not in the labor force but want a job.
And then there are the 5.9 million people who are stuck in part-time jobs for economic reasons. In other words, they grabbed a part-time job as a temporary fix until they can find a full-time job. These people are likely not making nearly enough money to help the economy expand as we need, but rather getting by on the basics until that high-paying job finally comes along.
So those 7.8 million unemployed Americans look more realistically like 15.7 million who want a full-time job, or an unemployment rate a lot closer to 9.9%.
Let’s not forget that income growth is sitting at a 2.6% annual gain, which some of the talking heads are quick to point out is a 12-month high. But if you consider that wage growth has been incredibly weak since the start of the Great Recession, a 12-month high isn’t a lot to write home about.
Yes, that’s a really pretty headline number, but you’ve got to dig a little deeper to see the truth. The economy has got a long way to go before we’ve earned any kind of celebration … or even a rate hike.
And a rate hike at the September 20-21 meeting could kick over the last pillar holding up this economy, leading to a kick in the butt of your savings account.
Internal Sponsorship:
Want to Know How To Protect your Portfolio from Negative Interest Rates
If you get paid in dollars and hold the majority of your assets in U.S. stocks or bonds, your wealth is in significant danger (401K’s, TSPs, 403Bs, Mutual funds, etc).
To become a member of the G&G Investment Society (GGIS) newsletter subscription to learn how to take advantage of some of our suggestions so you can protect your wealth and portfolio against a fallen dollar, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the “Products & Services” link and we’ll get you signed up right away.
DON'T WAIT ANOTHER DAY!
- 1 year subscription - $149
- 2 year subscription - $269
- Lifetime subscription - $699 {50% off tax prep & 25% off consulting services for life}
*** Membership Guarantee *** If you don't make your money back from being a GGIS member by the end of your subscription...we'll refund 100% of your subscription fee back. That's how confident we are that this will be one of the best financial moves of your life.
-------------------------------------------------------------
And definitely far too early for the Fed to start raising rates.
The unemployment rate remained flat at 4.9%, as more than 400,000 Americans entered the workforce. The Bureau of Labor Statistics reported 7.8 million unemployed Americans, but that number is far from complete if you consider that U.S. labor participation hovers at 62.8% — its lowest level in decades.
What’s not included in the unemployment number is that there are 2 million people who are not in the labor force but want a job.
And then there are the 5.9 million people who are stuck in part-time jobs for economic reasons. In other words, they grabbed a part-time job as a temporary fix until they can find a full-time job. These people are likely not making nearly enough money to help the economy expand as we need, but rather getting by on the basics until that high-paying job finally comes along.
So those 7.8 million unemployed Americans look more realistically like 15.7 million who want a full-time job, or an unemployment rate a lot closer to 9.9%.
Let’s not forget that income growth is sitting at a 2.6% annual gain, which some of the talking heads are quick to point out is a 12-month high. But if you consider that wage growth has been incredibly weak since the start of the Great Recession, a 12-month high isn’t a lot to write home about.
Yes, that’s a really pretty headline number, but you’ve got to dig a little deeper to see the truth. The economy has got a long way to go before we’ve earned any kind of celebration … or even a rate hike.
And a rate hike at the September 20-21 meeting could kick over the last pillar holding up this economy, leading to a kick in the butt of your savings account.
As always…feel free to pass this information on to anyone you think is interested in increasing their tax & financial IQ.
If you need a one-on-one consultation to learn how to implement these investments or any other tax or financial strategy mentioned in these newsletters, feel free to contact my office to setup an appointment.
Good Investing!
Ankh Uja Snb (Life, Health & Strength)
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net
Become a Fan of G&G Associates on Facebook.
“Investing is much like gambling. But, the difference is that with knowledge in investing you can at least increase your odds of winning.”
J. Carter
LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.
If you need a one-on-one consultation to learn how to implement these investments or any other tax or financial strategy mentioned in these newsletters, feel free to contact my office to setup an appointment.
Good Investing!
Ankh Uja Snb (Life, Health & Strength)
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net
Become a Fan of G&G Associates on Facebook.
“Investing is much like gambling. But, the difference is that with knowledge in investing you can at least increase your odds of winning.”
J. Carter
LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.
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