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Tag: Federal Reserve

Our Tax Crisis

Our Tax Crisis

Wealthy investors felt that the 14,000 level of the DOW was worrisome, even dangerous because it might be the result of the money the Federal Reserve has put into the financial system. They worried that it was not supported by corporate fundamentals. These heavy hitters feared that another financial crisis could lead to deflation, destroying stability and stock values of dividend paying investments. In the last quarter of 2012, growth contracted in the developed world. The 34 member countries gave…

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Obama Will Win in a Landslide

Obama Will Win in a Landslide

President Barack Obama leads Republican challenger Mitt Romney by significant margins in virtually every political category. Worse for Romney, his campaign lacks the plan and focus to reverse his difficulties. In contrast, Obama’s campaign has made few mistakes while riding the benefits of incumbency. In a lead editorial, the New York Times, September 25, “Why Romney is slipping: By refusing to supply voters with intelligent answers, his campaign is driving them away.” The prestigious London Economist reports On September 22,…

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The Money’s Still Out There

The Money’s Still Out There

The amount of money parked in U.S. banks and financial institutions has risen to a two year high as banks hold back from lending to each other and from financing growth industries. Fears of contagion from Europe have now infected America inhibiting the development of new ideas and products. Can America find its entrepreneurial spirit once again? Probably not, now that those business executives have found their way to the bailout window of the Federal Reserve Bank. Profits may be…

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