Analysis: Is The Economy That Bad?
By Special Contributor Larry Kane
PHILADELPHIA (CBS) – As always in a changing economy, there is the question – what do you do with your money?
The stock markets have been all over the place but nationally recognized financial adviser Patty Brennan says the percentages are still good.
“So here we are looking at 30 years of historical perspective, the stock market still did close to 11-percent. So it’s important to stay the course. We are having a correction right now. Yes the market was way up in the first quarter. We’re giving some of that back that’s the way markets work. Not to worry. Hang in there for the long haul.”
Listen to extended interview:
PNC Banks chief of asset management Jim Dunegan says that mostly an American revival in one area has been ignored.
“What you see in energy, the shale oil industry particularly in the United States, reassuring jobs coming back from overseas and I think the challenge will be making sure we find skilled labor for those jobs, but for the first time in 35 years manufacturing payroll growth exceeded non-manufacturing payroll growth in the United States.”