Even A Broken Clock is Right Twice a Day While central bankers are very smart, they are far from infallible. Throughout the history of central banks, policy errors are common. The choice central banks are making now is between focusing on core inflation (excluding food and energy). This allows food and energy inflation to run […]
Don’t Worry, Core Inflation dropped. It’s only Food and Energy costs that are getting worse. Bad News: Headline Inflation up 8.5% year over year Good News: Core inflation (ex food and energy) is up ‘only’ 6.5% From here forward, the year-to-year inflation comparisons start to get easier Our seemingly insatiable demand for ‘stuff’ is finally […]
Retirement Isn’t a Four-Letter Word Each year J.P. Morgan releases an educational booklet on retirement and because we focus so heavily on retirement for clients, we have made it a practice of taking a few topics from it for our clients. Longevity: The first topic we want to address is longevity. We have always been […]
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Palumbo Wealth Management is a CLIENT-FIRST, private wealth management boutique firm focused on serving the financial needs of a select group of families and individuals as their personal chief financial officer (CFO). The hallmark of Palumbo Wealth Management is PARTNERING TO ACHIEVE PEACE OF MIND.