Higher Rock Education - Economics Blog

State of the Economy - November and December 2017

Friday, January 12, 2018

I hope our readers had a terrific Christmas and are enjoying a prosperous beginning to 2018. Economic growth exceeds 3%. Unemployment has fallen to its lowest level since 2000. Personal incomes are increasing. Inflation remains low, but there are signs inflation is increasing because wage increases continue to outpace inflation. Consumer confidence dropped slightly in December, but remains close to the high it achieved in November because consumers are slightly more pessimistic about business an More

Top 10 Economic Events of 2017

Wednesday, January 10, 2018

A bitcoin could be purchased for $1,000 on January 1st, 2017 and sold for $14,377 on December 31st, yielding over a 1,338% return. The currency took a dip at the end of the year. Had an investor sold at its peak of $20,089 on December 17th, her return would equal 1,909%! Bitcoin is a digital currency that has an electronic payment system. It was created in 2009 and has sparked increasing interest as more retailers choose to accept bitcoin for payment. More

You Don't Have to Go Into Debt This Christmas

Wednesday, December 20, 2017

I love Christmas. I enjoy spending more than one day with my family, attending parties, reading Christmas cards, and of course the tradition of exchanging gifts – both the giving and receiving. But for our family gift giving has gone a little over the top! This year we hope to emphasize being together and enjoying each other’s presence. That doesn’t mean More

State of the Economy - October 2017

Wednesday, December 06, 2017

Improvements in the U.S. economy have boosted consumer confidence to a 17 year high. The Conference Board released its Consumer Confidence Survey on November 29th. Economic growth exceeds 3% per quarter. Unemployment has fallen to its lowest level since 2000. Personal incomes are increasing. Inflation remains low. But economists are beginning to see signs we are nearing the end of the economy’s record expansion. Labor markets are getting tighter. This quarter the economy passed the Congressional More

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