Between 2004 and 2009, 45% of mutual funds run by professional stock pickers beat the stock market; not great but not dismal. Since then, only 25% of funds managed by Wall Street pros have beaten the market. That is horrendous.…
Elliot speaks on the economy at the Cleveland Member Connect Summit. Read more here.
Friday’s August jobs report, showing just 151,000 net new jobs, slowing hourly earnings growth of 0.1%, the loss of 6,000 construction jobs, and a slight reduction in average hours worked/week, has reduced the probability of a Fed rate rise of…
The Friday File: While the cost of owning a dog varies considerably by breed, age, geographic location etc…, after accounting for food, vet bills, toys, treats, a license, beds, dog sitters, grooming, medicine and supplies, the average is $1,670/year. In…
For the years 2010 through 2012, of the 5.5 million jobs created, 22% paid between $30,000/year and $60,000/year, 40% paid less than $30,000/year, and 38% paid more than $60,000/year. However, for the three years ending 2015, 42.6% of the 5.3…
From 1968-1990, the marriage rate steadily declined from about 82% to 67% for all women regardless of education. Since 1990, rates have diverged. For women with a professional degree/Ph.D., the rate is 80% and rising while for women with a…
In a recent poll of all 45 living former members of the White House Council of Economic Advisers going back to Richard Nixon, among the 22 Democrats, 14 support Clinton, none oppose her, 7 have no opinion and 1 did…
At present, there are 240 million cars and light trucks in the USA, most of which are parked 23 hours a day or more. This idleness makes owning and driving a car expensive. If cars could just be used more,…
The FY 2016 budget deficit, which ends next month, will rise to $590 billion, or 3.2% of GDP, up from $438 billion or 2.5% of GDP in FY2015, the lowest level since 2007. The deficit is up because revenues will…
The Friday File: Using a combination of variables including sales of food, drink, lodging and for the unlucky, medical care, economists estimate that the 2,500 global locations with high-quality waves sought out by surfers generate about $20 million/year each or…