[content_block id=1089]
Alexandria Ikomoni: It’s now time for 4 Your Money. We’re joined by David Nelson, CEO of NelsonCorp Wealth Management. Welcome back, David.
David Nelson: Thank you, I appreciate it.
Alexandria Ikomoni: Thank you, and just getting started here, in the past you’ve talked about how some of the uncertainty is hanging over the economy. What does the outlook for the U.S. economy look like now?
David Nelson: So the economy is obviously very important when it comes to investing, and what we find today is that there are a lot of issues out there. We went back and looked two years ago and looked at last year. What we find is there’s a lot of, uh, positive things that are happening.
Unfortunately what we find and when we look at the chart here as far as, uh, this is showing layoff announcements, so we’ve talked about employment as actually been very good, but what we’re starting to see are announcements that are, that are really jumping here and they’ve dropped off recently, but we, we hit levels we haven’t seen since 2000 and uh, and 11, so the layoff announcements are a big concern, to say the very least.
However, again, um, with some of the, uh, issues as far as around the globe, as far as the China issue as far as we’re dealing with that, as far as the Brexit issues, this is going to be a very important, uh, chart as far as to, to keep an eye on.
Alexandria Ikomoni: Perfect, and just getting a deeper understanding is ener- … Is there anything that is indicating that things might be changing?
David Nelson: Yes, so chart two here I’ll, I’ll talk about the industrial production. And again this is boring stuff and people are out there are probably thinking what’s this have to do with me?
This is really important when you’re investing. This type of stuff is very important and what we see is the current cycle, repeat. We had this nice run up as far as we came from negative uh, uh, uh, industrial production numbers to very positive numbers we’re gettin close to six, now we bre- drop back to four, which has kinda been the trend over the last 10 years give or take and this is quite important as far as to keep a close eye on this.
Um, globally um, ah, things have been pretty slow for quite some time. And what we find is that the U.S. has been actually doing quite well for a period of time, but I think the global ah, ah, slow down is starting to affect as far as U.S. companies, And again what we’re finding here is that they are dialing things back as far as in the U.S., and we are having more job layoffs. This is not necessarily great news as far as if this is a sustained pullback.
Alexandria Ikomoni: Perfect and thank you for that information and thank you for joining us. And if you missed any of our discussion we’ll make it available for you at ourquadcities.com.
David Nelson: Thank you.
[content_block id=1539 slug=button-for-all-tv-and-radio]