As advertised, the brutal headwinds that buffeted the U.S. economy late last year are having knock-on effects in the early months of 2019. The economy’s performance in the closing quarter of 2018 did not look bad at all as GDP advanced by a respectable 2.6 percent annual rate, according to the government’s preliminary estimate That capped a full-year growth rate of 2.9 percent, which ties for the fastest pace since 2005. But the year ended on a downbeat amid escalating trade tensions; the start of a 35-day government shutdown; a debilitating plunge in stock prices that wiped out nearly $4 trillion in household net worth; and rising interest rates, fueled by fears that the Federal Reserve was tightening policy too aggressively.
Don’t Rule Out A Soft Landing
In real estate, they say that location is everything. In economics, timing is paramount. With prices rising at a pace not seen since the early
July 27, 2022
Laurene Brooks joined Legacy in 2004, shortly after the company’s inception. She earned undergraduate degrees in journalism and Spanish, and her Juris Doctor (JD) designation from Marquette University. Laurene has over 30 years of experience in law and relationship management. In addition to assisting clients with financial management and estate planning, Laurene is Legacy’s senior fiduciary officer. In addition, she was a member of the Real Property, Probate, and Trust Division of the Wisconsin State Bar for 10 years and served as chair.
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