by Patrick M. Kelly | Dec 6, 2012 | Economy
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...
by Patrick M. Kelly | Oct 27, 2011 | Economy
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...
by Patrick M. Kelly | Aug 10, 2011 | Economy
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...
by Patrick M. Kelly | Jul 27, 2011 | Economy
“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...
by Patrick M. Kelly | Feb 18, 2011 | Economy
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...
by Patrick M. Kelly | Feb 14, 2011 | Economy, Financial Services Industry
The Dow Jones Industrial Average continues to rise slowly, as it has for the past two months. Although we have seen several instances of apparent recovery followed by another dip, we may be seeing the beginning of the end. As the White House reports unemployment rates...