Sanjib Saha
22 November 2023
While heartbreaking and nerve-wracking headlines dominate the news—stories of innocent people suffering from wars and unprecedented natural disasters— there are still many reasons to be thankful for
Falling Inflation: After surging above 9% last year, inflation is coming down steadily and hovering slightly above 3%. This doesn’t mean prices are coming down across the board, but they aren’t skyrocketing either.
Rising Stock Market: Market goes up and down, there is no escape from it. Still, going through a bear market takes a toll on investor sentiments. After a steep drop last year, the market seems to be trending up, reinforcing the wisdom that a diversified stock portfolio is still the best investment bet for the long run.
Strong Job Market: Despite the never-ending predictions of a severe recession, the economy remains resilient. With an unemployment rate below 4%, American workers continue to find well-paying job opportunities.
Government is Open for Business: Following much drama and anxiety, the US Congress managed to avert, albeit temporarily, a disruptive shutdown of Government agencies and resultant uncertainties.
Higher Yield: Finally, the days of meager interest from fixed income investments are over. We can now get decent interest from CDs, Treasury/Corporate Bonds, and high-yield savings accounts that outpace inflation.
Lower Gas Price: Visits to the gas station feel less painful now, with gas prices down by as much as 60 cents per gallon from the peak in June’23.
Wealthier Households: The median net worth of American Households has surged by as much as 37% in the last three years – according to the latest Survey of Consumer Finances. The growth isn’t limited to the affluent few– it’s a widespread improvement.
Happy Thanksgiving!!