Inflation, defined as the general increase in prices and the corresponding decrease in the purchasing power of money, is measured by indexes like the Consumer Price Index (CPI) or the Producer Price Index (PPI), which tracks the price of goods and services over a fixed period of time. While moderate inflation indicates a growing economy, high or hyperinflation can lead to many economic challenges.
The U.S. Central Bank, commonly known as the Federal Reserve Bank, has origins extending back to 1791 when the U.S. Congress chartered The First Bank of the United States. It was the country’s first attempt at a central bank. But in 1811, the charter for the First Bank was not renewed.
Will America face another banking crisis like 2008? The answer to this question truly depends on the future actions of the Treasury Department, the FDIC, and the Federal Banking Committee, which currently controls our interest rates.
Proper planning will almost always ensure successful results. Lack of planning will result in unanticipated consequences that could have been easily avoided and may prove detrimental to the continued existence of the company. I am writing this article to provide specific insight and direction on preparing your business for the future.
Joe Pantozzi is the CEO and Founder of Alpha Omega Wealth, a Financial Professionals Firm in Las Vegas Nevada. He helps his clients build wealth without Wall Street.
Six months have passed since the global pandemic first triggered a tidal wave of financial panic across the country. The ripple effect is affecting people’s livelihoods, their life savings, and their homes, and making it almost impossible for many to keep their heads above water.
This article was printed in the Spring 2020 [...]
