My Comments: You may ask yourself why, as a financial advisor to individuals and small business owners, would I care about what happens in Egypt. Your are right in that whatever happens in Egypt is not going to greatly influence how you and I live our lives here in north central Florida. But it matters …
Continue reading Barack Obama Declines to Correct His Egyptian Mistake
My Comments: I've expressed my opinion, in earlier posts, that among the challenges facing my children and grandchildren will be the disparity in this country between what we call the "haves" and the "have nots." If they allow this disparity to get too great, then they are dooming their children to eventual social chaos. This …
My Comments: You should first note the date when Jeff Benjamin posted these comments. For whatever reason, I saved them and decided this morning would be a good day to bring them to the table again. What is happening to the DOW and the S&P500 and Russell 2000 is a good thing. In the short …
My Appologies for no post yesterday. I had the pleasure of having a kidney stone surgically remove. Those of you who have had kidney stones know how much fun I had. When I entered the workforce many, many years ago, I think the minimum wage was $1.75 per hour. Everyone screamed that it would put …
For those of us in the financial advice business, there is a never ending circulation of ideas that question the future outcome of our recommendations. It’s less so when the markets go up every day, but there are always uncertainties that surface. Recently, the questions have been much louder than usual. There are a number …
My Comments: Readers of this blog know that while I support PPACA, I know there are flaws and that over the next ten years or so, it will morph into something different than what it is today. But that DOES NOT mean it should be repealed. It was absolutely critical that an alternative to what …
My comments: For many of my clients, the recent quarterly statements from their custodian was disturbing. The numbers suggested and does suggest that their investments are at risk and some are asking whether we’re looking at another major financial crisis. None of this is new to me; I've been down this road several times before …
My Comments: See, it's still possible to find some good news! August 1, 2013 • Bloomberg News The municipal market’s biggest July decline in a decade is leading investors such as Vanguard Group Inc. to bet history is on their side as they buy with yields close to a two-year high. Tax-exempt debt fell about …
Continue reading Worst July For Munis Since 2003 Seen Paving Way For Rebound
Volatility in virtually all markets have meant clients are upset and uncertain. Here is a take away from this weeks J.P.Morgan report that I think is important: "...expect growth to accelerate into the second half of the year, a realistic expectation given the easing of fiscal drag, the continued rebound in household wealth and the …
Continue reading J.P. Morgan Weekly Market Recap – July 31, 2013
TK: “My sentiments, exactly!” By Drew DeSilver | July 25, 2013 Four years into the current recovery, the views of most Americans about the economy can be summed up as “meh.” According to a Pew Research Center survey conducted last week, 45% of Americans rate the national economy as “only fair,” and 37% call its …
Continue reading 5 Reasons Americans Have the Economic Blahs
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