Author- Sandra Cleveland
The global stock markets have dropped the last 2 days in response of fears about the spread of the coronavirus. As the reports of deaths due to the coronavirus expand beyond China, health officials in most countries, including the US, are developing containment and treatment plans. Pharmaceutical companies around the globe are developing coronavirus drugs and vaccines.
You probably are already aware that we are currently enjoying historic lows in unemployment. According to the Bureau of Labor Statistics, the overall jobless rate as of September 2019 was 3.5%. But what you may not know is that the jobless rate for workers over age 55 is even lower (2.4%) than the overall jobless rate!
This past weekend’s news channels were consumed with President Trump, Robert Mueller, and the report summary of the Russia collusion investigation. If you were paying attention to the economic news before this took over the media, you likely heard the alarmist headlines on Friday about the inverted yield curve, which (you probably also read) inevitably signals an upcoming economic r