Many of you reading this might remember, and some of you are too young, but there was a time when you could walk into a bank and plunk down $10,000 into a Certificate of Deposit (CD) paying 16% per year. There was also a time when you could purchase a 30-year Treasury bond issued directly […]
16% Annual Rate CD?? Read More »
The Federal Open Market Committee (FOMC) concluded its June monetary policy meeting by maintaining the Federal Funds rate at a range of 0 to 0.25%, and by prolonging its $85 billion per month pace of asset purchases. The Committee announced that they are prepared to increase or decrease the level of asset purchases as necessary.
Half-Year Market Review Read More »
[dropcap1]D[/dropcap1]id you know that the “average” working American worked from January 1st of this year through April 17th to satisfy the total tax bill of their State, local, and Federal government? By this, I mean that every single dollar earned (by the average working American) during this period went towards taxes…and not a cent went
On March 14, 2013, the Dow Jones Industrial Average (DJIA) set an all time high closing mark of 14,539. If you remember back to March 9th of 2009, the DJIA closed at 6,547. This was as low as the market had closed since 1997, and marked one of the darkest moments in the markets since
Time to Celebrate?? Read More »
