Highlights From Fritz Meyer's Economic Update

With 116 slides and nearly two hours of fact-intensive analysis, it's hard to pick highlights from the July's two- CE credit economic update by Fritz Meyer. 

Fritz charted inflation for over a century, and Fritz's analysis adds depth to an advisor's perspective about the future of interest rates. 

Fritz also said the Wall Street consensus forecast for earnings growth is overly optimistic, raising doubts about whether profit margins can be expected to continue to expand at the same rate of the last several years of the 10-year expansion.  

Prudent advisors, according to Fritz, can remain within the bounds of strategic asset allocation by adjusting portfolios to reflect the weak long-term economic fundamentals of Europe, particularly France.

Fritz also showed a series of demographic charts comparing the American labor force to other major economies, a key fundamental affecting the world economy in the next two decades. In addition, Wall Street's "top"strategists were right about one hot sector so far this year, Fritz says, but their 2019 predictions -- made in a Barron's cover story in December 2018 -- are otherwise not so hot. Oh, and the Fed's inflation model is broken, Fritz says, a story we've told in recent consumer updates.     

Reviews from advisors of the live 2 -credit continuing ed class on Tuesday, July 9:

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  • Great information as always!
  • Always great content and learn so much!  Can you please shorten the Quick Polls though?  We are constantly missing key information waiting for the quiz to leave the screen.
  • excellent
  • Some of the basic material is repetitive (and I understand it must be for newcomers) but I'm wondering if Fritz might allocate less time to that so he can fully develop his newer thoughts without being rushed. The section on the FED was OUTSTANDING!
  • good show
  • I enjoyed it, but it was a stressful couple of hours.  It is my opinion that the questions are too detailed: Pinpointing one particular statistic after Fritz runs off 30 different numbers at a fast-paced, rapid-fire 5 or so minutes is not easy to answer! Also, some questions appeared before he had even covered the topic.
  • Really technical so you need to be totally focused or your can miss out. I’m going to listen to this again because there is a lot to absorb
  • Excellent presentation and use of the data to confirm the trends in the stock market and cut through the mis-analysis of data on general business media. 
  • Best strategist I have ever heard!
  • he is the best!
  • Fritz thank you for once again reiterating all of the data points which are conveniently ignored by the media and "talking heads" on Wall Street and elsewhere, and also for calling out the so-called strategists. I think that your continued emphasis on our true role as advisers (which is to educate our clients about risk and volatility as opposed to timing the market) is superb advice and sometimes is difficult to get one's arms around because of the constant market type. Thank you for repeating frequently!
  • Excellent!
  • It would be nice if the polls could be closed a bit sooner as they completely cover the slides while open.  Other than that, it is always a good session and one of the few webinars I try to catch live.
  • Excellent.  Great charts and Fritz always has something that you can share with clients
  • Good information
  • Excellent job, Fritz and Andy!
  • Great webinar, i already subscribe to Fritz POV
  • Superb.  Thanks!
  • will Fritz answer the questions he didn't get to somehow?
  • Clarity
  • This was great.
  • Excellent webinar
  • Amazing
  • Just excellent as always.  Fritz says his presentations are a labor of love, and we love him back for them!
  • Clear and concise
  • great
  • Great
  • Always an excellent presentation!
  • Excellent explanations of some things I did not understand before
  • Excellent overview of the economy and market
  • It is long, but it is worth it.
  • Excellent!
  • Loved it.  Fritz is always spot on with his economic analysis.
  • Always superb
  • Very good, easy to understand and follow
  • Excellent as usual.
  • Very good.
  • fantastic
  • Very informative and thought provoking
  • Interesting perspective. New information and way of looking at economy and investing.
  • Excellent as always, thank you!

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With classes approved for over a decade by the CFP Board, IWI, and NASBA, Advisors4Advisors CE classes are an optimal knowledge stream for CFP®, CIMA®, CPA, CPA/PFS®, CFA®, and other practitioners. It's not a grab bag of speakers willing to sponsor CE content. Nor is it a one-man CE course. It's a group of subject matter experts with amazing communication skills and a history of thought leadership that, together, give advisors a well-rounded knowledge system for running a professional practice ethically and intelligently.

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  • holds a CFP®, CIMA®, CPA, CPA/PFS, CFA or other designation requiring CE annually 
  • values monthly CE classes by Fritz Meyer, Craig Israelsen, Bob Keebler, Frank Murtha, or Andrew Gluck
  • diversifies a core of client portfolios in low-expense funds
  • invests based on MPT and economic fundamentals
  • advises on tax and financial planning as well as investing
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  • insists on objective evidenced-based tax and investment planning analysis
MEMBER REVIEWS 
William Desormeau, Jr.  
It is not possible for me to overstate the cumulative value that Craig, Bob and Fritz have added for over 10 years to my investment advisory practice, as well as for personal and family financial planning. A4A gets my highest recommendation
Lynn Najman, CFP®
I’ve subscribed to A4A since its inception, and always find it intellectually stimulating and on point. It’s one of the few CE solutions out there that doesn’t waste my time by pushing product or talking down to me.

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Pete Deacon, CPA, CFP®
A4A has had a profound effect on my business. Since 2009, I’ve relied on the consistent messaging and updates to run my business successfully. Being able to present the information from Bob, Fritz, and Craig's ongoing CE webinars has been a significant benefit.

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Fredric Mayerson, MBA, PhD, CFP®
I've been a financial professional and professor of finance for 35 years and find Fritz Meyer and Robert Keebler to be among the most engaging, incredibly knowledgeable, and experienced presenters I’ve encountered. They deliver an extraordinary amount of information in an extremely interesting way — sequentially and developmentally, utilizing pedagogical tools and techniques that few possess.  A4A to is the most consistently excellent CE program available.  
Ron Roge, MS, CFP®
I’ve been attending A4A many years because the CE classes are outstanding, and my time is valuable. Though I have over 35 years of experience, I’m always learning something new on A4A. I attend fewer conferences now because the CE is generally not advanced. If you want to learn from the best, in a faster, easier, and less expensive way, I highly recommend A4A.

John R. Day, CPA/PFS®

I’ve been a member since 2011 and never miss the monthly webinars with Fritz Meyer. I appreciate Fritz’s independent views on the economy and markets and Bob Keebler keeps me updated on excellent tax planning ideas. A4A is a great value!

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Norman Politziner, CFP

I wouldn't miss a Fritz Meyer webinar unless my pants were on fire. I've relied on Andrew Gluck's knowledge systems --client communications and CE -- for two decades. It's simply the best solution for tax, financial, investment, and risk-management professionals.®   

Dan Hawley, CFP® 

A4A, for over a decade, has been a great resource for useful and accurate information and CE. A4A and Advisor Products are bargains for an advisory practice. 

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Kevin Brosious, MBA, CFP®, CPA/PFS®

I get CPA CE credit and CFP credit for the webinars.  But not only that, the A4A content is terrific