Thursday, May 7th, 2009
EVERYONE NEEDS A PLAN B
The short term trend in the market has been upward for equities and although we may see some rocky behavior, the direction appears to be toward recovery. Our concern, in light of recent behavior in Washington D.C., continues to be toward a highly inflationary season for the long-term. Warren Buffet recently talked about how inflation taxes those on fixed income by stealing purchasing power. We fear this sentiment for everyone as new taxes devalue our currency and erode our purchasing power. The result of these new taxes for US stocks will be repressive. In turn, global stocks will likely rise more aggressively than US stocks. (more…)
Tags: business, employment, income, inflation, network, tax
Posted in Newsletters | No Comments »
Tuesday, March 24th, 2009
HOPE FOR TOMORROW
The United States will soon face an economic storm of immense proportions created by a Congress, who for decades have made promises that they cannot fulfill. They have engaged in a process of buying votes in the present while postponing future financial needs. The baby boom population (78 million people) is approaching 65 and will be asking for Social Security benefits and Medicare benefits that are underfunded. In addition, the states have the responsibility to provide nursing care for the elderly who are impoverished. This system is called Medicaid. It too is largely underfunded. (more…)
Tags: business, debt, employment, financial, heat, income, inflation, money, network, tax
Posted in Newsletters | 1 Comment »
Loading ...
