Government Shutdown!

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The clock is ticking toward a government shutdown. Senator Reid (D) has said that any bill from Congress with any Obamacare related issues will be DEAD on arrival. Rather than trying to find a solution over the weekend, the Senate Leader closed the doors to the Senate until 2 pm today, further pushing the clock Read more…

Economic Reality?

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The game continues to play out in Washington. As expected, the Senate, with the Democrat majority, will pass their version of the resolution, which of course removes any and all of the House’s Obamacare stipulations. So, we head into the weekend at an impasse, elevating the probability of a shutdown next week. As previously mentioned Read more…

Holiday Season Concerns

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A friend recently asked me, “I have something important to mail on Friday, should I send it via FedEx?” I was initially puzzled, but then it dawned on me, my friend is wondering whether the Post Office will stop sending mail during a possible government shutdown. It’s a good question, but not just for her enlightenment. It’s Read more…

US Default?

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The market continues to slip lower and the antics in Washington are not helping matters. For those of you that can’t bear to watch the silliness, you have one Senator reading “Green Eggs and Ham”; another Senator that just will not talk with anyone about anything, and a President said that there is NO negotiating. Read more…

Long-term Concerns

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We are in the calm before the storm. Just after the Federal Reserve roller coaster ride of whether they would taper or not, we wait as the battle commences. I heard an interesting commentary which concluded that we are in a repetitive cycle in which politics creates volatility, we assume the worse, volatility rises, markets sell-off, Read more…

Government Shutdown?

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It seems we are bouncing around from one politically volatile event to another. Just as we have gotten over the Federal Taper hump we are now rushing headlong into the budget, debt ceiling, and government shut-down debate. We have a week for the government to come up with one of three outcomes; do something, kick-the-can Read more…

Debt Ceiling

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Are we over bought? It seems like that’s the question being bantered about this morning. We’ve had a huge melt-up in the last couple of weeks on nothing more than Summers stepping out of the Fed Chairman race and the Fed not tapering. We must come to terms that the rally had nothing to do Read more…

QE Party

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The market rallied and hit those fresh new highs we targeted yesterday. I personally find it amazing that the market had priced in a taper. The vast majority thought the Fed would taper as we saw bonds rallying (sending the yield lower) and gold rocketed higher, but the Fed blew a huge opportunity to taper. Read more…

Taper Time

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It’s taper time and in a few short hours, after months of waiting, we will find out if and how the Fed will taper. The general consensus is that they will, but as of this morning the median amount they may taper is now estimated at $10 billion (down considerably). A $10 billion asset purchase Read more…

Taper Lite

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The market rally yesterday was rather disconcerting, primarily because it was driven just by the announcement that Summers bowed out of consideration for the Federal Reserve Chairman. It was not real news, such as who will be the next Chairman (presumably Yellen) or whether the Fed will taper (reduce asset purchases). This just shows how Read more…

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