Researchers at Boston College’s Center for Retirement Research analyzed the current status of State and Local government defined-benefit (i.e., “traditional”) pension plans across the nation. What they found was a bit disturbing.
Consumers Are Doing Fine… weakness among traditional brick and mortar stores. Meanwhile, sales at non-store retailers, which include internet sales, have been growing at a 10% annual pace.
“Shiller P-E” Still Wrong Signal…For many years now a relatively large contingent of analysts, investors and journalists have been convinced the stock market was in a bubble because the “Shiller P-E” ratio was just too high.
Unfortunately, Still a Plow Horse. Yes, Friday’s report of the Q2 real GDP growth rate was a little faster than average, but, with one exception, it remains the same Plow Horse it’s been for the past eight years.
60% of all of the income tax paid in this country is paid by the top 5% of income earners. So my advice is to stop complaining and try to be one of them!
Moderate Growth for Q2. But consistently better growth is going to take more than lots of talk from Washington, DC. Instead, it’s going to take some concrete steps, like less regulation, lower tax rates, less spending, and a more free-market approach to health care.