J.P. Morgan Weekly Market Recap – October 22, 2012

I try to post these every week. Some you like to time the market and this report from J.P.Morgan is perhaps the best summary to help your decision making:

Do No Harm…But Lots of Paperwork

My Comments: Followers of this blog know that I have an interest in the Affordable Health Care Act and how it should impact the health care delivery system in this country in the following years. I predict that in ten years you will not recognize ObamaCare as it morphs into a new system that more …

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Global Food Reserves Falling As Drought Wilts Crops

My Comments: As a financial advisor who is asked for investment advice, an important consideration is the age of the person seeking the advice. Someone age 40 is likely to get a different answer from me than someone age 80, especially if we’re talking about the need for income when working is no longer an …

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The Truth About Socialism in America

My Comments: Yeah, I know. It's Thursday and the day I post something about economics. There have been a lot of 'thursdays' lately. For those of you who look to me to give you good investment advice, or are looking for someone to give you better advice than you are getting now, a lot of …

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The Harmful Myth of the Balanced Budget

My Comments: A major contrast that exists between the Republican ideal and the Democrat ideal is how to deal with debt. Many on the right will argue that there is a parallel between the debt of households, which often leads to bankruptcy, and the debt of the nation, which by there definition, will lead to …

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A Glimpse Into the Future

My Comment: As a reader of this blog, you’ve come across ideas from Tom Barnett that I recycle from time to time. If you do nothing else today, I encourage you to read some of his thoughts that I re-post here. Fascinating stuff! Regardless of our political leanings, all of us are a little scared …

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A Housing Boom Will Lift the US Economy

My Comments: All of us are uncertain and anxious about the upcoming elections and how the outcome will impact our lives. The following article and the one I have scheduled for tomorrow suggest that life will go on, no matter what. And that life is going to be pretty good for most of us, no …

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Smart Argument on Handling America’s Water Advantage

My Comments: OK, I didn't know we had a water advantage. I was aware we had an advantage in natural gas that is probably going to make us energy independent within the next decade. I am aware that as a middle class emerges around the world, that the flow of food in coming years is …

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Studying a Paradox: When Higher Tax Rates HELPED the Economy

My Comments: OK, if you can’t stand reading about economics, then skip this blog post. On the other hand, if you have concerns about the economy and whether your vote in the upcoming election will have any influence on the amount of money you have to spend ten years from now, then you might want …

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Republicans Are Losing the US Culture Wars

My Comments: This article comes from the Financial Times. This is a UK publication that probably can be described as more left of center than right. Not only do they have good ideas, it's often helpful to get the perspective from people who do not live and breathe in this country. While it's normal to …

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