The Ricks Report

The Ricks Report – October 16, 2017

The Ricks Report October 16, 2017 Numbers of $ignificance EXPANDING ECONOMY – The US economy has been growing for the last 99 months (i.e., no recession), an expansion exceeded in length only 2 times since 1900 (source: National Bureau of Economic Research). DECADES PASS WITH FEWER REFINERIES – The United States has 141 operable oil…

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The Ricks Report – October 9, 2017

The Ricks Report October 9, 2017 Numbers of $ignificance LARGEST IN THE WORLD– The US economy is $19.25 trillion in size as of 6/30/17. 10 years ago (2007), the economy was worth $14.48 trillion.  20 years ago (1997), it was worth $8.61 trillion. 30 years ago (1987), it was worth $4.87 trillion (source: Commerce Department).…

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The Ricks Report – October 2, 2017

The Ricks Report October 2, 2017 Numbers of $ignificance OVER TEN TRILLION IN LAST DECADE – The national debt as of 9/30/07 was $9.008 trillion. The national debt as of Thursday 9/28/17 was $20.204 trillion.  Thus, the national debt has increased $11 trillion over the last 10 fiscal years, i.e., fiscal years 2008-2017 (source: Treasury…

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The Ricks Report – September 25, 2017

The Ricks Report September 25, 2017 Numbers of $ignificance A NEW RECORD– Damage caused by Harvey and Irma is estimated to be $290 billion. Harvey’s damage estimate of $190 billion would make it the costliest weather disaster in US history.  Harvey and Irma were the first Category 4 or higher hurricanes to strike the US…

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The Ricks Report – September 18, 2017

The Ricks Report September 18, 2017 Numbers of $ignificance   NEW IDEA – Fed Chair Ben Bernanke announced in November 2008 his revolutionary idea (“Quantitative Easing”) designed to keep the US economy from falling into a 1920s style depression. The plan involved the creation of “bank reserves” that were used to purchase bonds from American banks,…

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The Ricks Report – September 11, 2017

The Ricks Report September 11, 2017 Numbers of $ignificance  HARVEY’S IMPACT ON GAS – The national average price of gasoline had increased just 3 ½ cents per gallon YTD through Friday 8/25/17, the day Hurricane Harvey made landfall in Texas. In the 2 weeks since then, average gas prices nationwide have gone up another 32…

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The Ricks Report – September 5, 2017

­­­­­­­ The Ricks Report  September 5, 2017 Fixed Indexed Annuities used in the appropriate way can be wonderful additions to a well-rounded retirement plan. These tools give their owners opportunity to capture positive gains in market indexes while having protection from market downturns. I am including in this email a brochure for such a product…

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The Ricks Report – August 28, 2017

­­­­­­­ The Ricks Report  August 28, 2017  Numbers of $ignificance  BUYERS’ ADVANTAGE – The national average interest rate on a 30-year fixed rate mortgage fell to 3.86% last week, the lowest average recorded so far during calendar year 2017 (source: Freddie Mac).  MORE DEBT – 42 million Americans owe $1.34 trillion in student loan debt. …

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The Ricks Report – August 21, 2017

­­­­­­­The Ricks Report August 21, 2017 Fixed Indexed Annuities used in the appropriate way can be wonderful additions to a well-rounded retirement plan. These tools give their owners opportunity to capture positive gains in market indexes while having protection from market downturns. I am including in this email a brochure for such a product from…

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The Ricks Report – August 14, 2017

­­­­­­­ The Ricks Report  August 14, 2017 Numbers of $ignificance DISCOUNT RATES PRODUCE DRAMATIC INCREASE IN VALUE – The discount rate used to calculate the present value of pension liabilities has historically been benchmarked to high-quality corporate bond yields. Every 1 percentage point drop in the discount rate produces an approximate +12% increase in the…

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