As we noted on 12/30/17 when we released our 2018 Economic Forecast, "We anticipate the following:
1. Interest rates. Increasing.
2. Market volatility. We expect a major spike.
3. Bitcoin. Gaining traction, especially in light of increased traditional market volatility.
4. Equity returns. Lower than 2017.
5. Black Unemployment. Black unemployment falls at the end of a sustained period of domestic economic growth and falls with a decline in immigration. This is counterbalanced, however, by increasing racism in general and specifically negative, anti-Black racial attitudes. Given an increase in the latter, we expect Black unemployment to increase toward the end of 2018, despite positive headwinds from reduced immigration."
Black unemployment was reported at 7.7%. The Dow is down 1,500 points. For more, see: forecast2018.eventbrite.com
ImpactInvesting.Online explores the intersection of economics, finance, equity, and accountability. Featuring expert commentary, original data, and real-time analysis, the blog covers ESG, impact investing, and socially responsible finance with a focus on how markets can serve the public good. Updated regularly with insights on policy, corporate behavior, and systemic risk.