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Latest UVA News Posts

Is This Correction Over Yet?

Originally published in Reno Gazette Journal http://www.rgj.com/story/money/economy/2014/10/19/correction-yet/17494021/ I’ve never seen a market correction that wasn’t scary. And this one is no exception, especially since computer-based trading has significantly increased volatility. But, if we include the volatility, which means using intraday highs and lows, the intraday low on Wednesday was 9.8 percent lower than the intraday high on Sept. 19. By historical standards, neither a 7.4 percent nor a 9.8 percent …Read More

Why “Average” Wage Rates May Be Misleading

Much has been made of Fed Chair Janet Yellen’s stance that the labor market still has a lot of slack. That message remained in the Fed’s September communique. As part of her justification, the Chairwoman points to the fact that the average hourly wage rate has remained at or near the “official” rate of inflation, and, therefore, real wage rates have been stagnant. The September jobs report, while showing considerable …Read More

Economic Overview

Nearly all of the indicators for the U.S. are green (see table) The U.S. Labor Market Except for the Fed, which looks like it can’t tell the difference between structural and cyclical, the labor market looks strong The U3 unemployment rate fell to 5.9% in September, the lowest it has been since July ’08. Job openings are at cyclical highs. Layoffs and discharges are at cyclical lows. Jobless claims are …Read More

What you’re really paying in 401(k) and IRA fees

Originally published on Marketwatch.com http://www.marketwatch.com/(X(1)A(NCs7wM73zAEkAAAAN2FjYzUwM2EtMjcyMC00NGZhLTg2NzktMDdkYTk2OWFiYmJhWd_GBHQPhVYaf0xxk3ruPENcrgw1))/story/what-youre-really-paying-in-401k-and-ira-fees-2014-09-29 You’re probably paying more than you realize. A recent study by the Federal Reserve, the Survey of Consumer Finances, found that Americans’ retirement savings in IRA and 401(k) plans are not quite as solid as they should be. If you’re going to be successful with your retirement savings, it is critical that you understand the fees and expenses you are incurring. AARP did a survey …Read More

The strengthening US dollar and falling gas prices

Originally published on the Tahoe Daily Tribune http://www.tahoedailytribune.com/news/opinion/13221187-113/dollar-falling-prices-foreign Gasoline prices in the U.S. are at a seven-month low. According to AAA, the national average for regular right now is $3.34, and many experts predict that it will continue to fall for the remainder of the year. If you fill up in the Lake Tahoe area, you’ll be paying a little more than the national average, but we have still seen …Read More

Should you buy this market correction?

It appears that the summer has not been kind to the equity markets, and that we have actually been in a “stealth” correction for about 3 months. What should investors do? Is this a correction to flee? Is it already too late? Part of the reason for the acceleration in the heretofore “stealth” correction to the larger-cap equities this past week is a souring of public sentiment over the seeming …Read More