The numbers are in, confirming a solid rise in U.S. retail sales during July. Investors are now anticipating the effect on interest rates this fall. Lucia Mutikani summarizes the current economic data for Reuters. In global news, oil prices have fallen to $50 a barrel and the supply glut is expected to continue through next year. As U.S. production forecasts are reduced, it seems the OPEC strategy of not cutting production and hurting rival producers with low prices may finally be working. For those in the process of estate planning, Morgan & DiSalvo may be able to save you some time. More and more often, those preparing their wills are told they must also have a revocable living trust. Is this true? Not necessarily, as our final article  explains.

U.S. Retail Sales Experience Solid Rise In July–  U.S. retail sales rebounded in July as households boosted purchases of automobiles and a range of other goods, suggesting the economy was growing solidly early in the third quarter.  These sales numbers underscore a continued pattern of slow but steady economic growth.  Read more…

Oil Glut Seen Lasting Through Next Year–  The global supply glut holding down oil prices is likely to persist until non-OPEC supply growth begins to abate, according to the International Energy Agency. “While a re-balancing has clearly begun, the process is likely to be prolonged as a supply overhang is expected to persist through 2016 — suggesting global inventories will pile up further,” the agency said. Read more…

When To Use A Will And When To Use A Revocable Living Trust–  You may have heard that a revocable living trust, often referred to simply as a “living trust”, is necessary for everyone.  In this newsletter, Morgan & DiSalvo  sets the record straight with regard to both revocable living trusts and wills. They also provide information about when a will-based estate plan is sufficient and when a revocable living trust-based plan may provide desirable benefits. Read more…

We hope you enjoy reading these articles along with us and that you find them informative.  Please forward this to your friends and family.

John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.