“Oil is an input cost to almost everything. There’s no way any country can escape,” managing director of WB Wealth Management Albert Lu said in a phone interview. Read more
The United States Department of Labor (DOL) recently released a report indicating that employers added 227,000 jobs in February, and that the unemployment rate has remained at 8.3 percent. Read more
The Daily Caller: Economic rebound in doubt as 10 percent of all US workers employed just ‘part-time’
Some experts think the U.S. economy will recover if left to its own devices, however, without targeted tax cuts or other governmental maneuvers. “Natural market forces will reverse the slump if allowed to proceed uninhibited,” Lu told TheDC. Read more
In a nutshell, Lu says tension in the Middle East may contribute to rising prices, but “the primary cause of the steady increase is monetary inflation — central banks creating new money.” Read more. . .
Indeed, banking regulations such as the Dodd-Frank reform are prompting banks to increase fees or deliver fewer services, said Albert Lu, managing director and chief portfolio manager of WB Advisors. Read more…