News

In the first book of the Bible in Genesis we read a full account of God creating heavens and earth, all out of nothing (Genesis 1:1). From the first substances, God created everything else (Genesis 1:2-31). God created man and women in his image, and endowed them with amazing creative abilities. Technology has helped us […]

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Here’s the most important financial data that you need to know to be fairly well informed. Each week I post the weekending scorecard of data for 8 financial markets and 10 economic indicators. As of 4/26/2013: The week stocks, crude oil futures, and gold came up a little, while interest rates slid some. US Recession Watch*  […]

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Here’s the most important financial data that you need to know to be fairly well informed. Each week I post the weekending scorecard of data for 8 financial markets and 10 economic indicators. As of 4/19/2013: The week was bumpy in stocks, crude oil futures came down quite a bit, as did gold and other […]

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Unemployment, New Jobs, and Jobless Claims Statistics* Monthly change in non-farm payrolls – Flat: 155,000 new jobs were added in December, compared to 146,000 added in November, and 171,000 in October. Unemployment – Flat: December’s rate of 7.8 matched the revised November rate of 7.8% (previously estimated to be 7.7% – which would have been the lowest […]

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The showdown in Washington over Federal taxes and spending ended with an agreement signed into law this week. Here are the losers and winners that we can see at this point. Further analysis is forthcoming of H.R.8 – American Taxpayer Relief Act of 2012, and will be reported to you later this month. Winners Overall Taxes: Joint […]

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This is a non-partisan article about what the fiscal cliff fight is really about. It is a philosophical battle, but if you read the newspapers and watch TV news, you will not get this story. Believe you me, I have watched and read many commentaries and opinions about this, but no one has yet to […]

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Unemployment statistics are an important indicator of how our economy is doing; more people employed points to stronger business growth and to fewer people receiving government entitlements. However, this is a little difficult to track, since the government doesn’t really publish a combined statistic that truly indicates what is happening. Most people who study this issue follow […]

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The Commerce Department announced Thursday that the Nation’s Gross Domestic Product (GDP) increased at an annual rate of 2.7%, for the third quarter. Is it time to celebrate that the economic recovery has arrived? GDP tracks the size of our economy by calculating the total dollar value of all goods and services produced over a specific time […]

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With the completion of the presidential elections there has been much discussion focused on the so-called “fiscal cliff”. Many economic forecasts have stated that President Obama and Congress need to reach some agreement to avoid the fiscal cliff if the nation is to avoid another recession.  As you probably know, the Bush tax cuts are […]

Kevin Koval, CPA, ABV, CFP and Roger C. Nagel, CPA, CMA

About Roger Nagel

Roger Nagel CPA, CMA is the Managing Director, Kevin J. Koval, CPA, ABV, CFP® is a senior Manager with Nagel CPAs. For more information about Nagel CPAs visit www.nagelcpa.us.

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Unemployment, New Jobs, and Jobless Claims Statistics:* Negative: Unemployment INCREASED in October to 7.9% from 7.8% in September: September’s was the lowest rate since January 2009 and was good improvement over August’s 8.1%, so this shows things are really remaining about the same. However, keep in mind this ‘Official Unemployment’ rate only tracks those who […]

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You probably hear about GDP on the evening business news all the time, but do you wonder what it means and what it indicates about our current economy? GDP stands for gross domestic product; it represents the output of goods and services produced by labor and property in the United States, and is used to […]

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Do you think we are headed for a double-dip recession in 2013?  Technically a recession occurs when business cycles retract, evidenced by down consecutive quarters of GDP, or a 12-month 1.5% or more rise in unemployment. The most recent recession officially started December 2007 and ended June of 2009. I blogged about this topic about a […]

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Unemployment, New Jobs, and Jobless Claims Statistics:* Positive: Unemployment DECREASED in September to 7.8% from 8.1% in August: Is this a good indication of improvement? Any indication of positive change is good, and this is lowest rate since January 2009. However, this ‘Official Unemployment’ rate only tracks those who are without jobs and have actively sought […]

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What is a recession? Technically a recession occurs when business cycles retract, evidenced by down consecutive quarters of GDP, or a 12 month 1.5% or more rise in unemployment. When did the US recession end? The most recent recession officially started December 2007 and ended June of 2009. Did the US recession really end yet, what […]

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Several media sources report that 1 in 12 households or 10% of Americans today do not use bank checking accounts, but use cash for everything. Most people have had checking accounts at some point.  Some have had to close them because they never learned to manage them well. Others closed accounts after life’s circumstances put […]

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People are aware of inflation, since it is talked about all the time on the news and they see gasoline prices increasing astronomically and erratically. You may have heard someone talk about loss of purchasing power, but what does that mean? As a quick review, when you invest or save money, and you pull it out […]

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Unemployment statistics are an important indicator of how our economy is doing; more people employed points to stronger business growth and to fewer people receiving government entitlements. However, this is a little difficult to track, since the government doesn’t really publish a combined statistic that truly indicates what is happening. Most people who study this […]

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The presidential race tax debate faces Romney’s lowering them 20% for all, versus Obama’s increasing them for those in middle to higher incomes. For quite a while the tax burden has continued to shift to higher income people, and those on the opposite end pay less and less taxes, per the Wall Street Journal. If you want […]

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Unemployment INCREASED in July to 8.3% from June 8.2% This tracks those who are without jobs, and have actively sought work within the past 4 weeks. The Great Recession’s unemployment peaked at 10.10% in October 2010. In 2012 it has varied in the range of 8.10% – 8.30%. This statistic does not track all people who […]

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Nobel prize-winning author and economist Joseph E. E. Stiglitz argues in his new book The Price of Inequality, economies suffer when societies lack opportunity for upward mobility, education and health care. He also cites evidence that the United States has less opportunity today than most other industrialized countries. Capitalists and conservatives argue against entitlements, which I […]

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