CEO and Founding Partner of Parkway Wealth Management Group, LLC, a Registered Investment Advisor. Our focus is financial planning and asset management.
"Be more concerned with your character than your reputation, because your character is what you really are, while your reputation is merely what others think you are."
- John Wooden
Congress is not fighting to remove Medicare recipients off the rolls. They are attempting to add a work requirement (if you can work, you should) as well as to curb the explosive growth of recipients since the rules were relaxed during COVID.
2/2 In the stroke of a pen, the United States nearly doubled in size, and a huge frontier of opportunity opened for its citizens. The U.S. financed the deal by borrowing $11.25 million in 6% bonds from European investors.
1/2 On this day in 1803, President Thomas Jefferson signed the Louisiana Purchase, paying Napoleon Bonaparte $15 million for 828,000 square miles of territory stretching from the Mississippi River to the Rockies and from the Gulf of Mexico to the Canadian border.
This is not a political statement, just math. The ultrawealthy grew their share of overall wealth in the US from 2009 to 2016 and from 2021 to 2024. The only pause in this trend was from 2017 to 2020. Interesting...
The US Dollar is more important to global trade than ever. Stop listening to the crowd claiming that soon we will not be one of the world's reserve currencies.
Chevy has a plant in Mexico where they produce the Silverado truck. They also have plants in Michigan and Ohio. In the last 25 years, the base model cost has risen 4% annually, while average inflation rate was 2% annually. Has producing in Mexico helped the American consumer?
In 2024, goods exported to China were worth $143.5 billion, according to the US Trade Representative office. Meanwhile, the US imported three times as many goods ($438.9 billion) in the same period). This makes the trade deficit an unsustainable $295bn in 2024.
Tariffs are likely to stick around for longer than expected but uncertainty remains. Chief Economist Eugenio Alemรกn details possible tariff effects on consumer spending and how his economic forecast has been revised as a result. https://t.co/vLc1DrtBSm
As Q1 comes to a close, we reflect on a challenging quarter, with the S&P 500 experiencing its first 10% correction since August 2023. CIO Larry Adam is looking ahead and offers a preview into his 2Q25 outlook in the latest Weekly Headings. https://t.co/M65qaWBjDO
There's a lot of noise out there for investors to digest. Individual bonds can mitigate or eliminate much of the uncertainty created by the noise and provide greater assurance for investors wanting or needing a source of capital preservation, notes Senior https://t.co/g01RSyylUB
As consumers await policy direction and potential changes in inflation, the Fed remains steadfast in its projection of two rate cuts for 2025. Chief Economist Eugenio Alemรกn details the latest FOMC meeting outcome: https://t.co/vVa5hkE4R0
Strategist Drew O'Neil highlights how recent market moves could offer a prime opportunity for fixed income investors to secure high levels of income amidst volatility in the latest Bond Market Commentary. https://t.co/KWKQXs9vAH
While headlines swirl of tariff uncertainty, Chief Economist Eugenio Alemรกn notes that promising inflation numbers have gone largely unnoticed. Learn more in the latest Weekly Economic Commentary. https://t.co/gQUKOvBaAJ
Recent market turbulence has caused unsettling headlines and economic uncertainty. Chief Investment Officer Larry Adam reminds us that volatility is a normal part of investing and why this pullback is likely temporary in the latest Weekly Headings. https://t.co/RMsdte9tR0