Here’s the Ironic Reason Why the Debt Ceiling Shouldn’t Be Increased
Treasury Secretary Tim Geithner has said that if Congress doesn’t agree to a debt-ceiling increase that the federal government won’t have the means to pay its bills, and that such a scenario would...
View ArticleClik here to view.
Climbing Crop Prices and The Role of Government
Interesting story in the Wall Street Journal on the effect of surging crop prices on the federal restribution of wealth (remember, it’s not called socialism if it goes to corporate farm interests) in...
View ArticleClik here to view.
No Timeouts Left for Fiscal Cliff Negotiators
It must be a great and terrible power that the top fiscal cliff negotiators wield. The markets react more when they speak than when hedge fund wunderkinds move their money, and with less than a week on...
View ArticleHallelujah! Democrats and Republicans Agree on Fiscal Cliff Solution
The nation breathed a collective sigh of relief late Tuesday night as Congress passed a resolution to the fiscal cliff in which both sides of the aisle made significant concessions to avert automatic...
View ArticleClik here to view.
One Down, Two to Go: 113th Congress Faces More Than Just Tax Reform
Late on January 1, the 112th Congress reached a post-last-minute deal that prevented the worst of the fiscal cliff. The deal mainly addressed taxes, which will most notably rise on individuals earning...
View ArticleClik here to view.
113th Congress Is No Stranger to Wealth
Being the lowest person on the totem pole is often seen as a disadvantage. However, this is not necessarily the case when looking at the freshmen class of lawmakers entering Congress. After a grueling...
View ArticleHere’s What Federal Budget Cuts Mean for Defense Workers
If the United States Congress does not find a solution to avoid the mandatory budget cuts before the sequestration delay expires on March 1, the Pentagon will have to resort to decreasing its civilian...
View ArticleClik here to view.
Friday Afternoon Cheat Sheet: 3 Stories That Moved Markets
After remaining relatively flat throughout the morning, the U.S. equity markets took a dive in the early afternoon and losses were only somewhat curbed by the end of the regular session. The day began...
View ArticleClik here to view.
Shutdown Drama: Will There Be a Market Decline or Relief Rally?
Last week saw more turbulence in global financial markets and the Dow Jones Industrial Average (NYSEARCA:DIA) as Republicans and Democrats squared off over their differences in approach to averting a...
View Article