img-responsible-investing-1

Thought Leadership

Economic Commentary June 2019

on Aug 8, 2019 12:53:48 PM By | First Affirmative | 0 Comments | Economic Commentary
Record Archived By Mel Miller, CFA® | Chief Economist Download PDF The US economy enters July having achieved the longest economic expansion in history. The economy reversed the contraction that began in July of 2004, starting at the end of the second quarter of 2009.
Read More

Economic Commentary March 2019

on Apr 25, 2019 1:10:23 PM By | First Affirmative | 0 Comments | Economic Commentary
Slowing Continues By Mel Miller, CFA® | Chief Economist Download PDF The December Economic Commentary highlighted my concern that the economy might have slowed “too much.” As I share the first quarter results in this publication, I still can not answer the question. The fourth quarter Gross Domestic Product (GDP) grew 2.2%. The first quarter GDP slowed from the fourth quarter but by how much? Is a recession on the near horizon? Let’s examine the data.
Read More

Economic Commentary December 2018

on Jan 23, 2019 1:57:02 PM By | First Affirmative | 0 Comments | Economic Commentary
Economy Moderates — Too Much? By Mel Miller, CFA® | Chief Economist Download PDF The third-quarter economic growth moderated from the torrid second-quarter expansion of 4.2% annualized, reflecting a healthy 3.5% growth rate. Did the pace continue to slow in the fourth quarter or did the economy rebound to the second quarter level? What is my forecast for 2019? My goal is to answer these questions.
Read More

Economic Commentary October 2018

on Oct 23, 2018 11:02:36 AM By | First Affirmative | 0 Comments | Economic Commentary
One for the Record Books By Mel Miller, CFA® | Chief Economist Download PDF In spite of growing trade war tensions, especially with China, one would not expect a robust economic showing during the third quarter. Yet the economy continues the expansion that began in 2009. In fact, I want to highlight a couple of records that were broken in the third quarter.
Read More

Economic Commentary Q3 2018

on Jul 1, 2018 1:18:00 PM By | First Affirmative | 0 Comments | Economic Commentary
The Geo-Political Winds of Change are Blowing By Mel Miller, CFA® | Chief Economist Download PDF In my first quarter Economic Commentary, I stated, “The actions taken the first quarter by the President pose the greatest long-term risk to the economy of any decisions in my lifetime.” Specifically, I shared my concern about the newly enacted tax reform bill, which will add $1.5 trillion to the national debt and the imposition of 25% tariffs on imported steel and 10% on aluminum ran the risk of a full-blown trade war.
Read More

Economic Commentary Q2 2018

on Apr 1, 2018 11:13:00 AM By | First Affirmative | 0 Comments | Economic Commentary
Economic Commentary – April 2018
Read More

Economic Commentary Q1 2018

on Jan 1, 2018 11:06:00 AM By | First Affirmative | 0 Comments | Economic Commentary
Economic Commentary – January 2018
Read More

Economic Commentary Q3 2017

on Oct 1, 2017 10:49:00 AM By | First Affirmative | 0 Comments | Economic Commentary
Economic Commentary - October 2017
Read More