Hi, I’m Peter Donisanu, President of Franklin Madison Advisors. I left a two-decade corporate career at a Wall Street Bank to start my own financial planning and investment management firm.
Franklin Madison Advisors exists to help people connect their financial wealth with their life goals, especially during this time of economic and market volatility. What makes us different is that our goal is to provide service and advice and not to sell financial products. We provide practical financial solutions for people's complex life situations.
We work with early career professionals, mid-career entrepreneurs and late career business owners and professionals looking to create, grow and preserve their financial wealth.
Message us today if you have questions about what's going on in the economy, markets or your finances in general.
YTD corporate bankruptcies are at their highest level in a decade, yet yield spreads are only slightly elevate compared to historical norms. The Fed's asset purchases is one reason why credit markets are taking business uncertainties mostly in stride.
https://www.bis.org/publ/bisbull29.htm
BIS.ORG
Bonds and syndicated loans during the Covid-19 crisis: decoupled again?
A host of global PMI data are due out later today. While these latest reports are likely to show some gains, the readings have become less instructive given the nature of the recent downturn.
In 1963 individuals marched on Washington, demanding a minimum wage indexed to inflation. Today, folks are asking for a $15 wage. The irony is that wages would already be on their way to $15 had the inflation-indexed wage policy been adopted 60 years ago.
https://www.epi.org/blog/raising-the-minimum-wage-to-15-by-2025-will-restore-bargaining-power-to-workers-during-the-recovery-from-the-pandemic/
EPI.ORG
Raising the minimum wage to $15 by 2025 will restore bargaining power to workers during the recovery from the pandemic
Data out from Eurostat this morning is likely to show still anemic Eurozone consumer sentiment. This report comes when ECB estimates suggest that the currency bloc growth is expected to contract sharply in 2020.
With elections quickly approaching, models and predictions may not fair so well this year. Even so, this analysis from @FiveThirtyEight provides a fascinating historical backdrop for why PA may decide this year's race.
https://fivethirtyeight.com/features/why-pennsylvania-could-decide-the-2020-election/
FIVETHIRTYEIGHT.COM
Why Pennsylvania Could Decide The 2020 Election
Regardless of the outcome on November 3rd, government spending is likely to balloon further under the next administration according to estimates from the CRFB.
http://www.crfb.org/papers/cost-trump-and-biden-campaign-plans
CRFB.ORG
The Cost of the Trump and Biden Campaign Plans
High-frequency data out from Eurostat this morning showed still weak Eurozone economic growth. While industrial production in the currency bloc has gained some, a report from the IMF this week suggests that the eurozone economy may contract by 8.3% this year.
The IMF has revised its forecast for 2020 global GDP growth, mainly reflecting more substantial China growth expectations yet weak growth in developed economies.
https://blogs.imf.org/2020/10/13/a-long-uneven-and-uncertain-ascent/
US economic growth will be a notable release for markets today. Consensus estimates suggest the US economy rose 31% QoQ in the third quarter following a previous sharp decline. Even so, growth remains well below pre-COVID levels.
Policymakers at the Bank of Japan are expected to meet later today. Along with its policy announcement, the central bank will publish its quarterly economic outlook. Recent weak releases suggest policymakers at the BoJ will trim their growth and inflation forecasts.
Durable goods orders have been a critical leading indicator of economic growth. Recent reports have shown slowing demand, suggesting waning growth momentum heading into the fourth quarter.
One key release due out today is the Chicago Fed's National Activity index. This measure of US economic activity has shown a rebound from April's low. Even so, recent data suggest the current recovery has started to stall.
Later this morning Markit will publish an October read on its US PMI indices. While the manufacturing series is closely watched, the services index is of particular note given the lockdown's acute impact on this sector of the economy.
Fight Club’s Tyler Durden Is a Minimalist @theminimalists #financialindependence #financialfreedom https://www.theminimalists.com/fc/
THEMINIMALISTS.COM
Fight Club's Tyler Durden Is a Minimalist | The Minimalists
"Our perceptions determine, to an incredibly large degree, what we are and are not capable of. In many ways, they determine reality itself. When we believe in the obstacle more than in the goal, which will inevitably triumph? " -RYAN HOLIDAY #financialindependence #money
While there are multiple factors to consider when selecting what stocks to include in your portfolio, determining a company’s P/E ratio can be a valuable place to start.
THINKFINANCE.IO
What Can P/E Ratio Tell You About Your Holdings?
You probably learned in college, that procrastination is usually not the best way to do your best work. Do you procrastinate with your finances, as well? These five tips can help you to overcome this bad habit.
THINKFINANCE.IO
Are You a Financial Procrastinator? 5 Ways to Overcome it
I love me more than I love my job, so I quit @richandregular #financialindependence #financialfreedom https://richandregular.com/i-love-me-more-than-i-love-my-job-so-i-quit/
RICHANDREGULAR.COM
I love me more than I love my job, so I quit | rich & REGULAR
Mark Cuban says his goal was ‘to retire by the time I was 35’—because ‘you can never buy’ time @mcuban #financialindependence #financialfreedom
https://www.cnbc.com/2021/01/25/billionaire-mark-cuban-says-goal-was-to-retire-by-35.html"
CNBC.COM
Mark Cuban says his goal was 'to retire by the time I was 35'—because 'you can never buy' time
"Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful, that’s what matters to me." -Steve Jobs #financialindependence #financialfreedom
How Much COVID Relief Money Is Left? Over two-thirds has been disbursed, but the question of how much remains is a complicated one. - CRFB
http://www.crfb.org/blogs/how-much-covid-relief-money-left"
CRFB.ORG
How Much COVID Relief Money Is Left?
"Do not stop thinking of life as an adventure. You have no security unless you can live bravely, excitingly, imaginatively; unless you can choose a challenge instead of competence." -Eleanor Roosevelt #financialindependence #financialfreedom
What the US GDP data tell us about 2020 - PIIE.
http://ow.ly/gZV850DnJTx"
PIIE.COM
What the US GDP data tell us about 2020
THU, FEB 25 AT 10:00 AM EST
Learn to Calculate How Much You Should Save for Financial Independence and Retirement
