Here we go again. First we had the Fiscal Cliff drama to contend with, then Congress entertained us throughout the holiday season with their Debt Ceiling antics. As if that were not enough, now we get to watch as Congress and the White House do their silly little political dance over the latest national fiscal [...]
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What is The Debt Ceiling?
The Debt Ceiling – What is It?? The Debt Ceiling is an arbitrary number that limits the amount of debt the U.S. Government is allowed to take on. Think of it as a giant credit limit for the government. The debt that the government takes on comes in various forms of U.S. “Treasuries” – bonds, [...]
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Fiscal Cliff Resolved – Financial Implications of Taxpayer Relief Act of 2012
On January 1, 2013 the U.S. House of Representatives passed the American Taxpayer Relief Act (ATRA) of 2012 (H.R. 8), by a margin of 257 for and 167 against. The bill now goes to the President to be signed before being enacted as law. The law will permanently extend many of the tax provisions that [...]
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What Is The Fiscal Cliff And How Will It Impact The Economy?
* Update – Since we posted this article, Congress has come to a resolution on the Fiscal Cliff debate. To learn about how it will impact you financially, see our latest post here - The Fiscal Cliff Resolved * Take a look at this Fiscal Cliff infographic from our friends over at NerdWallet. And to gain a [...]
What is the Fiscal Cliff – In Simple Terms?
* Update – Since we posted this article, Congress has come to a resolution on the Fiscal Cliff debate. To learn about how it will impact you financially, see our latest post here – The Fiscal Cliff Resolved * The Fiscal Cliff – What is It?? The Fiscal Cliff is the affectionate term used to [...]
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A Disappointing Earnings Season, and the Fiscal Cliff
This month I wanted to wait a little longer to send out our regular market commentary, so we could have a chance to see how the quarterly earnings season ended up. As expected, the results have not been encouraging. Back in August, I wrote an article outlining the many economic concerns we are facing. The [...]
The Richest 400 Americans
NerdWallet’s Forbes 400 infographic breaks down the numbers behind the Forbes 400 Richest Americans to find out which industries are the most prominently represented by the superrich. It breaks down the data provided in the Forbes 400: The Richest People in America list of billionaires and shows how, of the 400 richest Americans, just over [...]
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Ben Bernanke’s Hail Mary
Ben Bernanke and QE3 The Fed announced yesterday that it would pursue an aggressive monetary policy of purchasing mortgage-backed securities at a rate of roughly $40B per month. What makes the announcement different from previous rounds of QE (quantitative easing), is that it was left open ended – in other words, it would continue until [...]
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The Fiscal Cliff…And Other Dangers
* Update – Since we posted this article, Congress has come to a resolution on the Fiscal Cliff debate. To learn about how it will impact you financially, see our latest post here - The Fiscal Cliff Resolved * Some people have recently accused me of being a “Perma-Bear”. For those that are not familiar with that [...]
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Casinos, Pfizer deepened Southeast CT’s recession
Not that it comes as much of a surprise, but here is an article from the Hartford Business Journal documenting the employment declines in Southeast Connecticut. http://www.hartfordbusiness.com/apps/pbcs.dll/article?AID=/20120611/PRINTEDITION/306089975 If you are an employee or retiree of General Dynamics, Pfizer, or L&M Hospital, and you would like advice and direction on managing your Fidelity 401K or Hewitt 401K [...]
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About Robert Henderson
Robert Henderson is founder and President of Lansdowne Wealth Management, serving the retirement planning and investment needs of families and individuals in Connecticut and surrounding states.
