Archive for March 23rd, 2017

<p>People are more confident about their finances, but should they be?</p>

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Sage words indeed, and likely true.
After all, Herbert Hoover had the biggest honeymoon of all and look what happened down the pike.
The markets tripled under two socialist presidents (Bill Clinton and Barack Obama) and slid 35% under the pro-business George W. Bush administration.
Even Ronald Reagans first two years in office were rocked by a 25% plunge in the stock market after a brief, though powerful, bounce following the November 1980 election.
What you see isnt always what you get, and it is likely a mistake to extrapolate todays market performance into the…

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During the middle 2000’s when Alan Greenspan’s Fed endeavored to change the outward monetary policy stance to “tightening”, it was not unusual for some divergences to have emerged. One of those was between the federal funds rates, either target or effective, and Treasury bill equivalent yields. Under a hierarchical system, this was not unexpected or alarming except as when the distance between them became unusually large (2006). Federal funds are unsecured interbank transactions whereas Treasury bills are near equivalent to them except secured by lending cash to the federal…

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A deal approved by Theranos’s board would give investors who pledge not to sue the battered blood-testing company some shares from founder Elizabeth Holmes’s personal stake.

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“What Washington needs is adult supervision.” –Barack Obama Yesterday’s opening missive, ” Wall Street Blues,” depicted an overvalued market, moderating U.S. economic prospects, elevated investor optimism and a new Administration that, arguably, appears to be doing nearly everything it can do to jeopardize its legislative agenda (which, despite protestations in some parts, has been crucial to the S&P index’s impressive run since the November election). The latter is an important point, though Jim “El Capitan” Cramer, and some others, have disputed President Trump’s prospective market…

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The supply of homes for sale is now at the lowest level since the National Association of Realtors began tracking inventory 18 years ago.

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The U.S. State Department will approve by Monday the permit needed to proceed with construction of the Canada-to-United States Keystone XL oil pipeline.

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The typical family making less than $10,000 will lose $1,420 if the Republican health care plan passes, a cut that amounts to almost one-third of their income.

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Some experts worry that the American Health Care Act would mean bigger medical bills for consumers

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Was it a mistake to load up my 401(k)? Thomas Anderson thinks so.

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Regina Elsea was a year old in 1997 when the first vehicle rolled off the Mercedes-Benz assembly line near Tuscaloosa.

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Regina Elsea was a year old in 1997 when the first vehicle rolled off the Mercedes-Benz assembly line near Tuscaloosa.

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To say that that the River Oaks Center, a sprawling mall in this blue-collar suburb of Chicago, has seen better days is an understatement.

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Combining two struggling stores — Kmart and Sears — in 2004 “created an even bigger, more struggling company”

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