Retirement Security Group

11/18/2021

Will the Grinch steal the holiday’s most coveted tech gifts? Supply chain issues may drive up gadget prices this holiday season. Reuters has the inside scoop @ https://reut.rs/3D7suzm

Shoppers could be looking at an expensive Christmas as supply chain snafus force companies to make and deliver their latest higher margin electronic gadgets to market faster, leaving fewer cheaper options to put under the tree.

11/17/2021

Mortgage rates have fallen below 3%, but rising home prices are taking away any savings from home buyers. MarketWatch has the details @ https://on.mktw.net/2YCKS3Y

The median home price increased in 99% of markets nationwide during the third quarter.

11/13/2021

ESGs are facing new scrutiny, as ESG default insurance now encourages investors to sue if they fail to keep their promises as an environmental or social investment. Forbes has the scoop @

ESG default insurance forces a company to focus on specific stakeholders, helps the earnest ESG companies to separate themselves, enables socially active investors to sue a company if it reneges on its ESG and empowers the insurance company to become an effective ESG assurance service.

11/12/2021

11/11/2021

The Port of Los Angeles has started to impose fines on cargo ships overstaying their welcome, and is starting to see some movement. CNBC has the story @

The Port of Los Angeles' decision to impose fines on lingering cargo containers was "a last resort," but it's working, Executive Director Gene Seroka told CNBC.

11/10/2021

If you’re planning on changing jobs, don’t forget about moving over your retirement plan. CNBC has the details @

If you leave your job, be sure you know how your departure would affect your 401(k) account and what your options are for handling the money.

11/09/2021

The Fed is still hoping the recent up-tick in inflation is transitory, and is starting to taper its bond-buying measures. Reuters has the latest @

The Federal Reserve threw its weight back behind the drive for a full U.S. jobs recovery on Wednesday, restating its belief that current high inflation is "expected to be transitory" and, despite risks to that view, arguing that price pressures will ease and pave the way for stronger employment and....

11/07/2021

The 3rd quarter GDP projections show a minimal increase of 2.8%, but indicators show promise that things may be looking up. CNBC has the scoop @ https://cnb.cx/3bk3aKe

When the Commerce Department releases its GDP estimate, it likely will show an increase of just 2.8%.

11/06/2021

With higher-than-expected inflation and slower economic growth, is “stagflation” making an unwelcome comeback? Reuters has the details @ https://reut.rs/3pL7qea

Phil Orlando has not heard this many people mentioning stagflation since he was a financial journalist in the late 1970s, when oil prices were soaring and inflation stood at more than double its current level.

11/04/2021

A bomb cyclone has pummeled northern California, dropping up to 10” of rain in some drought-stricken areas. ABC has the story @ https://abcn.ws/3jKbbwl

A powerful storm barreled toward Southern California after flooding highways, toppling trees, cutting power to 380,000 utility customers and causing mud flows in areas burned bare by recent fires across the northern part of the state