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Debt Ceiling Impasse
Once again President Obama opened the door for politicians to put immediate differences aside and use extra time for Congress to come up with a deficit reduction program that works. In a reversal of...
View ArticleArmageddon 11 Days Away
No matter how the rhetoric goes, the facts will show that House Speaker John Boehner and Republicans have walked away from the debt ceiling and spending cuts. The country now has 11 days left before...
View ArticleU.S. Loses Credit Game
In an event that could not be a complete surprise, the AAA credit rating of the United States was downgraded by Standard & Poor’s on Friday. As squabbles within the European Union mixed with the...
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Tea Party Causes Equity Tank
Rating Agency S&P warned the adults in Washington that failure to reach a quick, decisive and balanced resolution to the debt crisis would taint the country’s AAA credit rating. Tea Party...
View ArticleGreece Failing, Obama Pushes For Jobs
Certain euro zone members cannot justify additional aide to Greece. The inevitable outcome will cause Greece to default on its sovereign debt. The lack of cohesive action by the European Union could...
View ArticleU.S. Equities Enjoy Santa Rally
On a day when the global and national markets had more than enough reasons to fall, the financial, homebuilding and social media companies turned sharply higher. Trading was low, but investors threw...
View ArticleFiscal Cliff Hostility
Has the fiscal cliff come down to this? With Europe entering another recession and with the billions of dollars of damages and millions of emotionally paralyzed Americans on the East Coast, do we need...
View ArticleBernanke and The Fiscal Cliff
Wednesday morning saw US equity markets climb slightly higher as commodities also rose while the US dollar gave ground to the euro and hit four month lows against the Australian and New Zealand dollar....
View ArticleRepublicans Hide Behind Divide
The only thing House and Senate Republicans have agreed upon since 2010 is their commitment to derail the President of the United States. With new unemployment numbers dropping to 7.7 percent,...
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Sequester: Main Street loses, Wall Street Gains
From whatever point of view you see the sequester impasse, the inability of Washington politicians to put aside the interests of a few in order to serve the people should unsettle markets around the...
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