To help our clients create a "Quality Life Plan" allowing them to plan and control their financial future.
Financial & Economic Brief - November 12th, 2014
• Gas Prices Fall, Spending Increases - The average price of regular unleaded gas has fallen to $2.99 a gallon from $3.70 this summer, below $3.00 for the first time in four years.
• Glass Half Full or Half Empty? - The upside of the economy is that unemployment is at a six year low, gas is under $3.00 a gallon, and job growth is the best since 1999.
• Russia Cuts Forecasts - The Russian Central bank is forecasting three years of economic stagnation, cutting its forecasts down to near zero.
Financial & Economic Brief - October 29th, 2014
• Fed Will Likely Wait to Hike Rates - After an unstable month in the financial markets and a scheduled two-day meeting this week, the Fed will likely continue to wait before hiking interest rates.
• Euro Bank Audit Results - The Eurozone economy continues to struggle and fears have increased that multinational company profits and revenues are at risk.
• Consumer-Directed Health Plans Growing - More and more employers are offering consumer-directed health plans that come with high deductibles of $1,500 for individual coverage.
Financial & Economic Brief - October 22nd, 2014
• IBM Losses Stimulate Retreat - International Business Machines Corporation (IBM) stock fell 7.3% last week as it struggles to “transform quickly enough” to the change to cloud computing.
• Japan’s Consumption Tax - In April Japan decided to raise its consumption tax from 5% to 8% in order to control the growing public debt.
• China’s Corporate Debt Levels Rising - China’s corporate debt is now the world’s largest at $14.2 trillion and economists are starting to worry that too many loans have gone to underperforming firms.
Financial & Economic Brief - October 15th, 2014
• German Stocks Plunge - On Friday stocks in Germany’s biggest companies dropped by 2%, to about 8,800, threatening a third German recession since 2008.
• Consumer Spending Gives U.S. Advantage - Despite deteriorating growth overseas and fragile financial markets, U.S. consumer spending is likely to keep the U.S. economy from faltering.
• OPEC Warns of Even Lower Oil Prices - With a warmer winter predicted in the U.S., and the resulting lower demand for heating oil, oil prices, already dropping downward, are likely to continue to fall.
Financial & Economic Brief - October 8th, 2014
• Tech Companies’ Growth: New Bubble? - High-tech companies in the Bay Area are flourishing, and some are speculating on whether this represents a “bubble” similar to the one 15 years ago.
• Unemployment Rate Drops - For the first time in six years the U.S. unemployment rate in September fell below 6%, to 5.9%.
• Greece’s New Budget: Growth and Lower Taxes - Greece’s budget, released today, shows that it has largely reached its growth and budget surplus goals under its 240 billion euro EU/IMF bailout.
Financial & Economic Brief - October 1st, 2014
• U.S. Economy Grows as Pace Rises in Second Quarter - The Commerce Department on Friday said that its estimate of the gross domestic product (GDP) showed the economy expanding at an annual rate of 4.6%.
• Hong Kong Protests Hurt European Stocks - The pan-European FTSEurofirst 300 index was down 0.43% as Hong Kong unrest impacted Asia-exposed shares such as HSBC and Standard Chartered.
• Multinationals Not Creating U.S. Jobs - Over the past 4 1/2 years American employers have created 10 million U.S. jobs, while the large multinational companies have added few.
Gateway Financial Advisors Inc.
Walnut Creek, CA 94596