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Tag Archives: Economy
Monday Morning Econ Update: Aug. 30, 2010
Existing Home Sales declined 27% from last month.
New Home Sales – ugly.
The actions from the Washington academics (politicians) continue to have unintended negative consequences. Consider the First Time Homebuyer Tax Credit.
The tax credit rewarded those who were already going to purchase homes and those who moved up the timing of an inevitable purchase. Now, potential buyers are feeling reticent to make a move after “missing out” on the free money.
The major problem with our economy is the job market while the focus from Washington has been elsewhere. It seems that each landmark passage of reforms – from aviation to healthcare to financial – has made job creations more challenging.
Econ Update: August 2010
US Bonds continue to receive an enormous amount of money. Why? Because of the increasing fear of a global economic slowdown. This is not to say they don’t already recognize that things are tough, rather it means they don’t see it getting better for a long time.
The financial markets can’t figure out the Fed. The Feds don’t agree on a direction. Existing home sales were 27% lower than last month.
It appears the meddling from Washington academics has produced unintended consequences. This is not news to us. The problem lies in the fact that they think they are the solution.
Posted in Family, Fiscal Literacy, Politics, Retirement
Tagged Economy, Feds, Recession, Spending Plan
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Econ Update: June 8, 2010
My last two economic posts have tried to maintain a positive bend on the economy. The tenor of this update cannot uphold that view.
A recent Bloomberg story indicates US debt will overtake GDP by 2012, which exacerbates the fear of a double dip recession that many economist fear is just around the corner.
Although many European leaders are committed to keeping the Euro alive, many leading economic thinkers don’t believe the Euro will last out the decade.
The Greatest Story Never Told
The Greatest Story Never Told
June 2008
I just finished meeting with some good friends and clients over some tough financial and life decisions they must make in the next few weeks. As we discussed their situation, a comment was made about the news media and how too much of it is putting a damper upon their decision-making process.
Let’s address the economic state of the union. More wealth has been created over the past 25 years than in any other comparable period in history. More people have been removed from poverty, standards of living have been dramatically elevated and the quality and length of life have been improved. As Larry Kudlow coined: this is the ‘greatest story never told.’ Let’s review the cliff notes of the story.