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"...you need money to buy things; you earn money by working; you may have to wait to buy things you want; and there is a difference between things you want and things that you need..." Time Magazine, Nov 30, 2015 Article - Your kid's financial education should start much earlier than you think - By Dan Kedlec
How do you make eleven even?
Take away the "el."
How do you make seven even?
Take away the "s"
What is a duck on the 4th of July?
Laughs above are credited to kids and various sources.
Business fun facts!
Do you know the ancestry of American people?It is a melting pot of immigrants from all over the world.This trend continues even today.These immigrants make America what it is today and are an big part in the success of businesses today.
There are over 320 million Americans today.Ancestry of Americans include: Germans over 14%, African American 12%, Irish 12%, English 8%, Mexican 8%, Italian 6%, Hispanic 5%, French 4%, Polish Scottish, Dutch, Norwegian, Scotch-Irish, Native American, and Swedish are between 1-3% but add up to 11%.The rest are from other various countries.
In 2008, $3.3 Trillion was the total loss in value for the US housing market. In early 2006 housing market value was close to $9.4 Trillion..so almost 1/3rd of housing market value was lost due to housing, credit, and financial crisis!
Since 2008, close to 12 million jobs have been added to the job market! This has allowed many Americans to get back on track and recover from the recession. Unemployment rate is now below 5% from almost 10% in 2009 when financial markets caused the recession!
Market rally on US-China deal optimism -- The DOW up +599 points for the week
The DOW closed up +599 points or +2.3%, the S&P500 was up +70 points or +2.4%, and NASDAQ was up +197 points or +2.5% for the week ending September 6th. Markets were closed on Monday due to Labor Day holiday. Oil was +$1.6 or +2.9% to $56.73 per barrel.
US-China trade escalation seem to be subsiding. US and China have agreed to a meeting in October to continue the trade dialog to close on the open issues. Though it remains unclear if a deal will be reached. Still investors took it as a sign that the US-China trade situation may be stabilizing, and not getting worse. (Read last week's Volume 666) and Volume 664 for more details on US-China and Volume 665 for the Yield Curve.
Year-To-Date (YTD) the DOW is up +14.9%, S&P500 is up +18.8% and NASDAQ is up +22.1%
In 2018 the DOW was down -6.7%, S&P500 down -7.0% and NASDAQ down -4.6%. In 2017 the DOW was up 25.1%, S&P500 up 19.4% and NASDAQ up 28.2%
US adds 130K jobs in August. Unemployment rate remains flat at 3.7% (July was 3.7%)
The U.S. Labor Department reported that in August 130,000 jobs were added, close to the forecast was of 170,000 jobs. This is the 107th straight month of job growth. The unemployment rate remained flat at 3.7%. July was also 3.7%. The average annual hourly pay rate was also flat at 3.2% (July was 3.2%). Since 2009 close to 21 million jobs have been created.
Source - MarketWatch
US economy continues to expand.In 2018, 2.64 million jobs were added, best since 2015! As a reference, during 2017 a total of 2.06 million jobs were added to the US economy.
The average hourly wages year-over-year increase in August was at a healthy 3.2%. Typically, when the demand for workers increase, wages rise, which is the case here.In fact, most experts believe that we are atfull employment.(What is Full Employment? Is it a good or bad thing? Click here forVolume 529.)
Also readVolume 177how Supply and Demand changes effect price?It applies to the Labor demand and supply as well.
What is Full Employment? Is it a good or bad thing? Click here forVolume 529.