Author Archive
House Passes $1.4 Trillion Spending Deal To Avert Shutdown
GARY D. HALBERT BETWEEN THE LINES The one overriding theme of my writing over the past 40+ years has been the seemingly unstoppable rise in government deficit spending. It never ends. It probably will never end – that is, until we go over the edge in the next financial crisis…
US Economy Slowed In 3Q, As Did Consumer Confidence
GARY D. HALBERT BETWEEN THE LINES The US Commerce Department released its first estimate of 3Q Gross Domestic Product (GDP) yesterday morning. GDP is the sum of all goods and services produced in the US annually. The advance report showed 3Q GDP rose by a better than expected 1.9% (annual rate), down…
America’s Huge Debt Is Not A Problem… Until It Is
GARY D. HALBERT BETWEEN THE LINES I don’t know how many of my clients and subscribers are familiar with Ken Fisher who has been a long-time, widely followed financial columnist for Forbes and the founder of Fisher Investments which reportedly manages over $110 billion in client assets. Mr. Fisher is ranked among the Forbes 400…
30-Year Anniversary of “Black Monday” – Dow Down 23%
GARY D. HALBERT BETWEEN THE LINES Today is the 30th anniversary of “Black Monday,” October 19, 1987, when the Dow Jones Industrial Average plunged 508.3 points, or almost 23%, in that one day. It was and is the worst single day in US stock market history. At today’s lofty levels, a decline of 23%…
Where $3.9 Trillion In FY2016 Federal Spending Really Went
Gary D. Halbert Between the Lines It is so very tempting to devote this entire space to this week’s historic presidential election, and goodness knows I could. Yet the only thing that mattered to me in this election was that Hillary Clinton lost. She did and did so very badly….
US Manufacturing & Factories Are Not Dead, Just Different
Gary D. Halbert Between the Lines Before we get into today’s topic, here’s a quick update on this morning’s third and final estimate of 2Q GDP. The Commerce Department reported that 2Q GDP rose 1.4% (annual rate), up slightly from the August estimate of 1.1%. This was slightly better than…