Last week, the Federal Reserve announced the end of the third leg of quantitative easing, or QE3. QE3 lasted for over two years, with the Fed buying between $40 billion to $85 billion in mortgage-backed securities each month. This number was tapered to $25 billion in August. The greatest ‘side effect’,...
Cause and effect—it’s one of the first things we learn as children. But few people truly understand its meaning, which can become the source of all kinds of trouble. The economy is a perfect example. Just because the stock market keeps reaching or approaching all-time highs does not mean the...
One of the cardinal rules mutual fund investors follow is the avoidance of ‘load’ fees—essentially, the sales charge associated with joining a fund.  Unfortunately, that leads these investors into perhaps a bigger mistake. That’s because they’re overlooking two more fees funds assess. One is covered in the prospectus, but the...
In the summer of 2010, almost two years removed from one of the biggest financial disasters the United States has ever seen, there was reason to believe there was a light at the end of the tunnel. Best of all, it seemed the lessons we learned after the crash...
Even with troop reductions in Iraq and Afghanistan, the unrest in the Middle East continues to affect the United States’ economy on an almost-daily basis. Last week, markets opened lower on Monday morning due chiefly to concerns over escalating tensions in Iraq, where Sunni insurgents began campaigns to overtake regions...
Five years ago this Sunday General Motors filed for bankruptcy which led to a $49.5 billion bailout to bring this staple of the auto industry back to its feet. Now at its 5th anniversary, the “new GM” is one of the 40 most profitable companies in the nation outperforming...
The question, is there a retirement crisis in America, was answered earlier this month during an expert panel discussion moderated by the Founder of Retirement Media Inc., Phil Cannella. This eye-opening conversation took place just outside of Philadelphia at the Retirement Media Inc. production studios and featured some of...
Once again it’s that wonderful time of year where we all get to sit down and try to make our way through the overly complex process of trying to figure out how much money we owe Uncle Sam. Unfortunately the burden falls hardest on America’s aging population, with more than...
Threats continue to be exchanged among world powers over the future of Ukraine. The United States and the European Union (EU) have promised to collapse Russia’s economy if it continues to meddle in Ukraine’s affairs. Russia has responded with promises of its own, even going as far as to...
In theory, the price of shares across the stock market is a reflection of economic health. If stocks are up, business is thriving— or so we thought… Recent market volatility is showing some tell-tale signs that it is not grounded by a sturdy economy, which leaves the fear that it...