If you’re a fan of political dramas on televisions, you’ll know that the turbulent world of politics has an affect on the global financial markets. But what about in real life? How much does art - if you can call shows like Scandal, Veep, and House of Cards art - imitate life, and vice versa?
The long-running economic expansion continues to have its share of ups and downs. Importantly, though, the good times have not been sufficiently strong to alter the understated character of the expansion, while the soft patches have not been serious enough to put the advance in jeopardy.
The long expansion is showing signs of strain. True, we aren’t facing the headwinds that limited growth to 1.2% in the first quarter. However, manufacturing, retailing, and job growth again are seeing choppiness after appearing to hit their stride earlier.
You’re 25 and feeling alive. You’re settling into life after university, paying off your debts and slowly figuring how to “adult”. But with the responsibility of bills, rent, and even keeping up social appearances, prioritizing financial planning is something far too often pushed to the side.
Some food for thought has been presented to the economic bulls, namely that the economy, which has firmed up some this quarter, has yet to strengthen to the degree expected a few weeks ago.