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Financial Focus

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David Carlson
CFP®, ChFC®, CKA®, MBA
President & Financial Advisor


What the "new" normal could look like…

In this blog, I thought I’d give you a rundown of some of the latest economic projections as well as some insights on what post-lockdown life could look like for us soon. On the economy, you may have seen a headline showing that U.S. economic growth dropped -4.8% in the first quarter after posting 2.1% growth in Q4 2019. Since widespread layoffs and shutdowns didn’t hit until late March, here’s a projection of what the next few quarters could look like for the economy.

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V, W, L, or Swoosh? (no, it's not a meme)

Everyone you and I have ever met has been affected by the coronavirus. My childhood friends in Orange County, the Los Angeles Angels, and folks I've met around the world in places like Venezuela, Paraguay, and Lithuania. It’s likely that every human on the planet has been affected by COVID-19. I’m not sure that this kind of event has ever happened before in human history.

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Practical advice (and Frodo's lesson)

I think it’s safe to say that 2020 is not turning out like any of us expected or hoped. When difficult times are upon us, it’s the most human thing of all to wish it had all happened differently (or to someone else). There’s a quote that sums up the feeling pretty well. In Tolkien’s The Lord of the Rings, Frodo (the unlikely hero) must lead a small group to overcome an extraordinary threat to the world (sound familiar?).

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