We're GO for Another Profit Opportunity
|ECONOMY & MARKETS | September 19, 2016|
Still Can't Party Like it's 1999
By Rodney Johnson, Senior Editor, Economy & Markets
I came of age in the early '80s, when Prince was king of the airwaves (pun intended). His smash hit "1999" had an end-of-days feel to it, asking everyone to "party like it's 1999."
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The combination of pulling business forward to comply with Y2K technical specifications and a slowdown in the Internet frenzy combined to create a nasty selloff. As we marched into recession, real median income fell. The ensuing downturn was intensified by the attacks on 9/11, but soon afterward the economy started to grow.
After bottoming in 2011 and 2012, income finally moved higher in 2013, only to drop back a bit in 2014. But this year, there's something to celebrate… sort of.
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This work is based on SEC filings, current events, interviews, corporate press releases and what we've learned as financial journalists. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation.
Monday, September 19, 2016
Still Can’t Party Like it’s 1999
Posted by PTPadmin at 4:36 PM