Inflation was on investors’ minds and lips Wednesday when, at 8:30 in the morning, the Department of Labor reported that April’s headline inflation rate had soared to 4.2% from March’s 2.6% rate. While this might have initially set off a small bit of panic among those who haven’t been paying attention, I have to say, once again, that what we’re witnessing is at least in part something called the base effect, where the year-ago number, or the denominator in the fraction, is abnormally low.Read More »
Hooray for 6.4% annualized economic growth in Q1—we’re back! Or are we? I’m not going to rain on the economic parade celebrating that the U.S. economy is back and growing like hotcakes. I much prefer this to the alternative. But a dose of reality (like a dose of vaccine) is called for.Read More »
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Daniel P. Wiener is editor of The Independent Adviser for Vanguard Investors, a monthly newsletter that keeps abreast of recent developments at Vanguard, and the annual FFSA Independent Guide to the Vanguard Funds. Through his newsletter and guide book, Dan helps tens of thousands of Vanguard investors choose wisely among more than 100 Vanguard mutual funds. The Adviser is a five-time winner of the Newsletter Publishers Foundation's Editorial Excellence Award. View More »