Welcome to another fun episode of Wine and Dime with Amy Irvine, where we chat about money matters while enjoying some fantastic wine. In today's episode, we'll explore the world of economic indicators, making it easy to understand for everyone. And what better way to learn than with a tasty glass of Airlie Winery's Rosé of Pinot Noir by our side? So, grab your favorite wine glass and join us as we dive into the world of finance with a touch of Oregon's finest wine. Get ready to learn, laugh, and sip with us. Cheers!
What You Will Learn:
Economic terms and their impact on everyday life
Understanding leading economic indicators (LEIs) and how they signal a recession
The role of the Institute for Supply Management (ISM) in tracking economic activity
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Understanding Economic Indicators:
The importance of LEIs and how they help predict a recession
Average weekly hours in manufacturing
Average weekly initial claims for unemployment insurance
Manufacturers' new orders for consumer goods and materials
Manufacturers' new orders for non-defense capital goods (excluding aircraft orders)
Building permits for new private housing units
S&P 500 leading credit index
Interest rate spreads
Average consumer expectations for business conditions
Institute for Supply Management (ISM) activity growth manufacturing index: composite of new orders, production, employment, supplier deliveries, and inventories
Non-manufacturing index: composite of business activity, new orders, employment, and supplier deliveries
Wine Recommendation Highlight:
Sipping on Airlie Winery's Rosé of Pinot Noir
Amy shares her love for Airlie Winery's Rosé of Pinot Noir, a refreshing and spicy wine that she enjoyed during her visit to Oregon's Willamette Valley. This delightful wine helped her get through the 2023 tax season, making it a personal favorite.
Featured Wine:
Airlie Winery's Rosé of Pinot Noir: A refreshing and spicy Rosé perfect for wine enthusiasts looking for something different.
For more information on Airlie Winery and their range of wines, visit their website or check them out when you're in the Oregon Willamette Valley area. And remember to share your favorite wine recommendations with us on Facebook and Instagram @rootedpg. Cheers!
Helpful Links:
Rooted Planning Group: Learn more about the financial planning services offered by the episode's sponsor, Rooted Planning Group - www.rootedpg.com
Airlie Winery: Discover Airlie Winery's Rosé of Pinot Noir and their other wines - www.airliewinery.com
National Bureau of Economic Research (NBER): Find information on leading economic indicators and other economic data - www.nber.org
Institute for Supply Management (ISM): Learn more about the ISM indices and economic activity - www.ismworld.org
Wine and Dime Facebook: Follow Wine and Dime on Facebook for the latest news and updates - www.facebook.com/rootedpg
Wine and Dime Instagram: Stay connected with Wine and Dime on Instagram - www.instagram.com/rootedpg
Explore these helpful links to learn more about the topics discussed in this episode and stay informed about economic indicators, financial planning, and, of course, great wine recommendations!
This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.
Visit www.rootedpg.com to learn more.