Economic Outlook: July 2009

Economic Outlook: July 2009

by Fred Ruopp Fred Ruopp, a veteran investor named one of the Top Value Managers in the country, a serious Catholic,  and founder of Chelsea Management, Fred Ruopp, Sr., provides a wealth of pithy insights on different economic sectors, beginning with national considerations.  His insights follow: U.S. ECONOMY While U.S. economic activity has not yet…
Economic Outlook: May 2009

Economic Outlook: May 2009

U.S. ECONOMY Preliminary estimates of 2009 first quarter GDP suggest only a slight improvement from 2008’s fourth quarter (-6.1 vs. -6.3); however, the massive federal stimuli coming forward point to a possible leveling and then rebound in the quarters ahead.  Much of the last quarter’s contraction centered on decreases in exports (-30%) and a reduction…
Economic Outlook: First Quarter 2009

Economic Outlook: First Quarter 2009

U.S. ECONOMY Recent economic indicators have been coming in at better than expected levels over the past month.  After falling at a 4% rate since the summer of 2008, consumer spending is expected to rise slightly in the first quarter of 2009.  The University of Michigan Consumer Sentiment Index is expected to climb again in…