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Puerto Rico: Bankrupty, Bailout or Bust

April 26, 2016

Puerto Rico’s budgetary woes have been airing on TV commercials. Since 2008, the stress on municipalities, cities and states throughout the country have been evident; many teeter on the edge of bankruptcy. Of course, we all know that is the path Detroit has taken. Under U.S. law, municipalities file bankruptcy under Chapter 9 – a specific code that deals with government entities like cities and counties. - Read More

Our Tax Dollars Hard at Work … SERIOUSLY?!

April 19, 2016

There are so many events happening in the news – price of oil, the Russians and Chinese on the move – it can be overwhelming.
One news item that did not receive much attention was the failure to enact a budget over the last few weeks. Unlike the budget wars of the early Obama years, you will most likely see one passed soon. But, this serves as a reminder of how much debt we are accumulating and how recklessly the politicians spend your money. - Read More

Capitalism, Socialism/Communism… What’s the Difference?

April 12, 2016

During President Obama’s trip through Latin America, which included a stop in Cuba, he was quoted in Buenos Aires, Argentina saying there is no difference between capitalism and communism and “you should be practical and just choose from what works.” That statement is flatly false and wildly misleading. - Read More

Why the stock market is performing better than 2015…
so far

April 5, 2016

On January 4, the Dow started 2016 with a collapse of 276 points. Royal Bank of Scotland (RBS) told clients to “sell everything.” French Bank Societe Generale warned clients “… U.S. stock market could fall 75% in 2016.” By February 11, the market was down 10% for the year and 15% from its May 2015 high. We were discussing a recession and bear market. - Read More

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