Wall Street has plenty to be thankful for this Thanksgiving. Stocks continue to break records, even as the recent rally slows considerably. On Monday, the S&P 500 broke its all-time high for the 43rd time in 2014. But Tuesday morning’s economic reports cast a cloud over the market. The good...
This morning, the Senate will hold a hearing on the topic of regulatory capture—a term used to describe the often-observed tendency of government officials to become a little too close to the institutions they’re supposed to be regulating. The impending case made yesterday’s announcement from the Federal Reserve all the...
The rule of thumb holds that Americans need to maintain 70% of their pre-retirement income after they stop working. If that’s true, then the retirement crisis is even worse than we thought—and it’s worst in the Northeast, the most populous area in the country. A recent study from Interest.com found...
Last week, stocks closed at all-time highs after the Bank of Japan announced surprising stimulus measures. This week, the fallout from that decision continued. On Monday, the Japanese yen fell to a seven-year low of 114.2 against the U.S. dollar. In other words, $1 dollar U.S. is worth 113 Japanese...
Today, the American public is focused on the mid-term elections—and rightfully so. All 435 seats in the U.S. House of Representatives are up for grabs, as are one-third of Senate seats. In addition, 36 of 50 states will have their governorships determined Tuesday. These elections will go a long way...
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...