'Trusted' Government Forecast Is Completely Wrong (Here's Why) [Forbes]
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX)
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Source: Forbes
'Trusted' Government Forecast Is Completely Wrong (Here's Why) Getty The headlines say it all: the economy is slowing down, right? And with stocks soaring—up 12% year to date—we must Both statements would be off the mark. Because the economic numbers the government is putting out (and the press is repeating without question) are flawed. I’ll show you how in a moment. First, let’s cut straight to the upshot: you’ve still got a great closed-end funds (CEFs) First, let’s zero in on the many economic tailwinds (some in disguise), that are driving this still-solid opportunity. Workers Are Flush With Cash … Let’s start with employment. The unemployment rate, at 4%, is still near its lowest level in over a decade, but the real good news comes from wages. Americans’ salaries swelled at their fastest pace ever in October 2018, jumping 3.1%, then topped that in January 2019, surging 3.2%. In fact, pay growth is unstoppable. That’s not all. Researchers at the Federal Reserve Bank recently publis
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