The U.S. economy is still digging out of the hole it fell in when Covid first came to our shores—fewer people are employed today and GDP is smaller than it would be had the economy not shutdown last spring. Inflation has cooled (slightly) in the last couple of months but is still running hotter than usual as supply chains continue to come back online. And the high-frequency data that Dan and I follow—data on eating out, flying and miles driven—has ticked lower as concerns about the delta variant have risen.Read More »
At times it feels as though my focus on the financial markets, investing, portfolio
management and what-not is rather petty when you consider the global dramas of climate
change, war, pandemics and now the unfathomable events that unfolded in Afghanistan
this past month.
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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 »