The Morning Economic Report

Monday-Friday at 7:33 am

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants.  Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes.  Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.

He is the author of numerous regional publications including the Mid-Atlantic Economic Quarterly and Outlook Maryland. Anirban completed his graduate work in mathematical economics at the University of Maryland.  He earned a Masters in Public Policy from Harvard University in 1992.  His Bachelors in Foreign Service is from Georgetown University and was earned in 1990.

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The Morning Economic Report
8:17 am
Mon June 29, 2015

Continued Improvement in the Domestic Labor Market - 6/29/15

The ongoing expansion of the U.S. economy is nowhere more apparent than in the domestic labor market.  Over the past twelve months, the economy has produced more than three million net new jobs.  Job growth hasn’t been this good since nineteen ninety nine at the height of the nation’s technology boom. 

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The Morning Economic Report
10:17 am
Fri June 26, 2015

401K Withdrawals Now Exceeding Contributions - 6/26/15

As people transition from working to retirement, they also tend to move from investing money in their respective nest eggs to withdrawing funds on which to live.  In this regard, America appears to have reached an interesting threshold:  withdrawals from 401K plans are now exceeding new contributions to them as baby boomers age.  As reported by the Wall Street Journal, this shift could have profound implications for the U.S. retirement industry. 

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The Morning Economic Report
9:44 am
Thu June 25, 2015

Millionaires and the World's Private Wealth - 6/25/15

According to the Boston Consulting Group’s twenty fifteen Global Wealth Report, millionaires globally controlled forty one percent of the world’s private wealth last year.  That was up slightly from the year before and by twenty nineteen, they will control forty six percent of worldwide wealth.  As reported by CNNMoney and other news sources, the number of millionaires increased to seventeen million last year, up by about two million from the year prior. 

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The Morning Economic Report
11:07 am
Wed June 24, 2015

Increase in Charitable Giving - 6/24/15

According to the Giving USA foundation, charitable giving in the US has surpassed pre-recession levels for the first time in seven years.  Americans gave an estimated three hundred fifty eight billion dollars to charity last year, about forty seven billion dollars more than they supplied in two thousand and seven, the previous peak year for charitable giving in America.  As reported by the New York Times, last year marked the fifth year of increased giving. 

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The Morning Economic Report
5:46 pm
Tue June 23, 2015

Increase in Household Wealth - 6/23/15

America continues to get wealthier.  According to the Federal Reserve Bank of the United States, aggregate national household wealth increased by one point six trillion dollars during the first quarter, which translates into an annual rate of growth exceeding eight percent.  Total household wealth now stands at approximately eighty five trillion dollars. 

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