1. Our Shrinking Middle Class
2. Energy Prices Have Soared Higher
3. Shortage Drives Home Prices Higher
4. Introducing Broadmark Capital

Overview

The US economy continues to gain momentum. More and more forecasters are predicting GDP growth of 4% or better for the second half of this year. Yet while the economy is strengthening, many Americans are not fully benefitting from the improvement. Today, we’ll take a look at some of the reasons why.

Following that discussion, I’ll introduce you to an exciting new investment opportunity – Broadmark Capital – which invests in short-term real estate loans to homebuilders and commercial real estate developers. As you will see below, Broadmark’s two real estate funds have delivered very attractive, consistent returns with low drawdowns.

Broadmark’s real estate Funds are restricted to “accredited investors.” An accredited investor is an individual with a net worth of at least $1,000,000 (excluding the value of one's primary residence), or have income of at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year.

Let’s get started.

Why Many Americans Are Not Benefitting From the Strong Economy

I have written a lot this year about how the economy is strengthening and how Americans have benefitted from it and will continue to as the recovery gains even more momentum just ahead. However, there are many Americans who are not benefitting as much from the economic recovery, and that’s what I want to talk about today.

Last week after the Fed raised interest rates another quarter point, new Fed Chairman Jerome Powell stated: The economy is doing very well… The outlook for growth is very favorable.” And it is. The unemployment rate has fallen to 3.8% – the lowest since the late 1960's. Cosumer confidence is way up and spending is strong. Household wealth is up. Taxes are down. Factories are busy. Demand for homes is strong.

While these numbers collectively paint a picture of a vibrant economy, they don't reflect reality for many Americans who still feel far from financially secure, even though we are nine years into the economic expansion.

From drivers paying more for gas and families bearing heavier childcare costs to workers still awaiting decent pay raises and couples struggling to afford a home, people throughout the economy are straining to succeed despite the economy's gains.