Pinnacle Finance Blog

August 26, 2019

Economic Update – July/August 2019

Growth Slowed in Q2 and Q3 Looks Slower as Well… There certainly has been quite a bit of economic turbulence since our last update in the spring.  After strong first quarter GDP growth of 3.1% growth slowed in the second quarter to 2.1%, based on the first estimate from the Bureau of Economic Analysis.  The GDPNow estimate for third quarter growth from the Federal Reserve is 2.2%.  Economists’ estimates for Q3 growth range from 1.6% to 2.4%. Slowing Global Growth Leading to Lower Interest Rates… With growth slowing in the US combined with impact from the trade tariff fight with […]
August 27, 2019

Instagram, Pinterest, Facebook and Houzz for Your Remodeling Business

We talked about the importance of visuals and photos in the remodeling business. We also talked about how memorable photos are, when you compare them to the written word or the spoken word. Simply stated, people remember visuals far more than they remember what they read or what they hear. In fact, one best practice of social media and content writing is to include visuals to complement your writing. It’s worth showing you these statistics once again. According to the research: Just 10% of people remember what they hear. Just 20% of people remembering what they read. While, 80% of […]