Economy

Prepare For Year-End, Not the Fiscal Cliff

There are three weeks left in the year and the world won’t be coming to an end, literally or figuratively, regardless of what the various doomsday prognosticators have to say. It’s impossible to turn on the television or open a newspaper without being assaulted with dire warnings about the impending disaster that is the “Fiscal Cliff”. It’s gotten to the point where...

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Post Election Traumatic Stress Disorder

This is an excerpt from my latest newsletter. About the only good news these days is that the election is FINALLY over. In my Fearless Forecast edition back in January I said “I believe President Obama will defeat Mitt Romney in a relatively close election as a divided GOP is unable to coalesce behind Romney. The Tea Party is marginalized and the Senate remains in Republican control. Fiscal...

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Thoughts on the 3rd Presidential Debate

I don’t know about you, but I’m glad that’s over with. We’re in the home stretch now with only two more weeks until the general election. Then we’ll have two whole years until the machinery cranks back up again for the next one. Let me start by saying that sitting presidents have a major advantage when it comes to a debate on foreign policy because unlike their...

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Thoughts on the 2nd Presidential Debate

Wow. That was more fun than the desultory first debate. Both candidates came out swinging. I thought President Obama did a much better job, and not just by showing more energy and more fire. I thought he was more articulate and passionate when describing his vision, and he more clearly laid out the differences between he and Governor Romney. Indeed, I thought we was simply more Presidential....

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Thoughts on the 1st Presidential Debate

Last week President Obama and challenger Mitt Romney squared off in the first of three debates. It is widely reported that Romney “won” the debate and gained some momentum in his otherwise stagnant campaign. Personally, I thought Romney came off as a bit more forceful and more conversational than I had seen him previously, while Obama didn’t seem to bring his A game. That being...

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The Unemployment Rate Goes Down – What A Surprise

This morning the government reported that the unemployment rate for September dropped to 7.8% from 8.1% the prior month (and 8.3% the month before that). This is the lowest figure since March 2009. Hard to believe the government would report such a favorable number a month before the election, right? Hmmmmm. As reported by the household survey, the number of unemployed persons was 12.1 million,...

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