The Poor Should Pay Their “Fair Share”

The poor aren’t paying their “fair share”. I bet you didn’t see that coming, huh? At the risk of angering the loyal readers of this fine blog, I wanted to write about the emerging political rhetoric that the rich aren’t paying their “fair share” in taxes. Please note that I am not rich by anyone’s [...]

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U.S. Poverty Rate: When Poor Isn’t Really Poor

I realize that this blog posting may offend some people, so I should probably begin with the disclaimers that have become so prevalent in today’s politically correct society. First, I understand that there are many families out there that are hurting right now, many at no fault of their own. I understand that almost seven [...]

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Stock Prices Could Drop 10%

As promised, this is a follow up to my blog post on Tuesday in which I predicted that the U.S. would soon enter into another recession and that the unemployment rate could approach 12% by year-end 2012. What I didn’t do in that posting was consider whether or not investors have already factored that scenario [...]

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Prediction: 12% Unemployment in 2012

Admittedly this is a bold prediction on my part, but I am becoming increasingly convinced that the U.S. economy is about to officially enter a recession, if we haven’t already. If that is true, I would not be surprised to see the reported unemployment rate reach 12% at some point during 2012. Here’s my reasoning: [...]

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Washington’s Fuzzy Math: Unemployment Worse than Reported

No other economic indicator has been followed more closely by investors over the past several years than the nation’s unemployment rate. The health of the labor market is important because high levels of unemployment, or underemployment, forces consumers to cut back on their spending. Since, consumer spending has, historically, accounted for approximately 70% of U.S. [...]

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Federal Reserve: Between a Rock and a Hard Place

The Federal Reserve has a dual mandate of maximizing employment while fostering a stable price environment. Its primary tool to accomplish these tasks is its interest rate policy. Theoretically, by lowering interest rates in times of high unemployment, the Federal Reserve is thought to be able to stimulate the economy such that unemployment declines over [...]

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U.S. Debt Downgrade: Blame Congress, Not Standard & Poor’s

Deven Sharma, President of ratings agency Standard & Poor’s, announced late-Monday that he will be leaving the company at the end of the year. He will be replaced by Citibank COO Douglas Peterson. This comes on the heels of the company’s downgrade of the United States’ debt rating in early-August. Standard & Poor’s was the [...]

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You Just Got a $500 “Tax Cut”, Did You Notice?

I realize that it has been a very stressful couple of weeks for investors.  The markets have been schizophrenic, consumer confidence is at a 30-year low and our so called “leaders” inWashington D.C.are clueless about how to help (hint: they can’t).  Nevertheless, there is still some good news to be had if you look hard [...]

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