A Year and A Decade

With the closing of the 2019 year, we also closed a decade. From an investing standpoint, not only was it a very rewarding year; but the past decade helped ease the investing pain and frustration of the first decade of this century. Let’s jump into a brief review regarding the past year and add some interesting tidbits regarding the just completed decade. GDP Growth Our first look is at the economic growth of the United States as measured by the Gross Domestic Product (GDP). Our forecast for the 2019 GDP growth rate was 2.8%. We will most likely end up in the 2.3 – 2.4% range. Uncertainty with respect to trade issues between the US, China and the European Union (EU) as well as political

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