The ongoing tragedy in Japan and crisis in Libya are certainly large scale catastrophes, the impact of which is many faceted to be sure. While I have read many respected analysts up to the minute assessments of economic impact, for an accurate economic perspective I think it best to wait and watch as the scope [...]
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Extension of Tax Cuts Set, More Household Relief Needed To Spark Economy.
Washington continues to pursue a strategy of printing cash and lending it to large banking firms on Wall Street, a strategy which ignores the wretched condition of the foundation of the US Economy – the consumer household.
How About That Jobs Report! “Figures lie and liars figure”
So let’s address the “figures lie and liars figure” thought that many who read the government released statistics as it relates to jobs may be assuming. If you don’t believe you have seen any improvement in your local community you are probably correct; two factors must be understood when reading this data. (1) There is seasonality in payroll data that the government attempts to normalize by “tinkering” with the numbers –trouble is they don’t use the same seasonality adjustment profiles each year, and they frequently revise backward after the number is no longer in the public eye. (2) Restatements of prior months, and sometimes years of data are geared toward a preoccupation with the short term solutions that often hold instant analysis over substance and progress which should be built on strong foundations.
The News Flow Tug of War
Remember it’s never as hopeless as it seems, you can and should shift your focus from the stock market to other asset classes rich with opportunity. We encounter debilitating mental anguish when we accept that we are powerless against the environment, but like the flexible trees we can adjust our stance and survive.
Is your Portfolio wearing a Seatbelt? Is your Investment Strategy Designed with an Airbag?
If you have ever been in an auto accident or experienced a frightening near miss to a collision, you know that when the moment arrives it’s too late to think about if you are protected with passive restraint systems, such as an airbag or seat belts. Fortunately, these systems have been designed in to prevent [...]