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Fiscal Cliff or Leap of Faith?

I read with interest and then cheered Eric Pianin’s Nov 30th article on the “game of political chicken” that Democrats and Republicans are engaging in during “negotiations” over ways to avert the fiscal cliff. (Eric Pianin is the Washington Editor at The Fiscal Times...

9-9-9 Tax Proposal Origin

Wells Fargo’s Financial Advisor’s Managing Director of Wealth Management, Rich Lowrie of Pepper Pike, Ohio, helped craft GOP Presidential candidate, Herman Cain’s tax proposal. Lowrie, who heard Cain speak while attending an organizational gathering of the Club for...

Downgrade Impact on US Banks to be Minimal

Hold on…this is NOT crisis time. The downgrade was signaled three months ago when S&P declared its long-term outlook on U.S. debt as “negative,” and the financial markets have known for a long time that the U.S. financial house was not in top condition. So, what...

Debt Ceiling Crisis Overblown

“Relax, and just sit out the crisis,” says Fred Dickson, chief investment strategist at D.A. Davidson, a Montana-based brokerage and money management firm. He calls it a one-in-a-100 chance that the government will not raise the debt ceiling, but if that “one” did...

Mortgage Rates Rise as Economy Rebounds

Mortgage rates are on the rise, leading many to jump into the home buying market sooner rather than later. Rates have risen again to over 5%, a full percentage point higher than they were two months ago. Still, these rates are bargain basement compared to how they...