by Michael Lecours | Apr 13, 2016 | Economy
Earnings for the 500 largest U.S. companies; the S&P 500 are reported in two ways. First is reported or GAAP (Generally Accepted Accounting Principles) earnings. This number is what is reported to the SEC. The second is operating or non-GAAP earnings. Companies...
by Michael Lecours | Mar 29, 2016 | Economy, Uncategorized
Frustrated by the fact that your savings account isn’t paying you any interest? It could be worse. Imagine putting $10,000 into your savings account, getting no interest and you have to pay the bank $60 per year in addition to any bank fees. No longer does the bank...
by Michael Lecours | Feb 25, 2016 | Economy
Sounds boring, but wait, read on. These terms are behind much that matters. First is ZIRP or Zero Interest Rate Policy. The developed world (Europe, Japan, USA) dropped interest rate to zero save the economy from the 2008 crash. Unfortunately, the economy stagnated...
by Michael Lecours | Feb 11, 2016 | Economy, Uncategorized
There is a growing problem among Financial Advisors and Financial Planners – one that many industry veterans don’t want to talk about. Just like baby-boomers, most advisors are approaching retirement and may begin slowing down soon. More than half of all advisors are...
by Michael Lecours | Feb 9, 2016 | Economy, Finding Confidence, Investment Behavior, Uncategorized
It’s become comical to see and watch the supposed experts lay out such convincing rationales explaining what the future holds. In the reading of the tea leaves, some are seeing some pretty dark days ahead, while others think all of the market volatility is a normal...
by Michael Lecours | Jan 18, 2016 | Economy
This stock market sell off is being blamed on news that China’s economy is weakening, but it is important to note that China’s news is a mirror on what is going on in the rest of the world including the U.S. China is an industrial powerhouse built on exports and the...
