Tim is affiliated with Cambridge Investment Research Inc., an, independent broker-dealer for financial professionals dedicated to offering objective advice to clients. His affiliations might be on the small size, but his articles are about big issues affecting our readers, individual or corporate.
If your bank account dropped from $100,000 to $80,000, would you be inclined to spend more, or less? Would it matter if the drop happened all at once, or over 16 months? This is the predicament in which Federal Reserve Chairman front-runner candidate Jerome Powell finds himself.Read More
Why Tax Cuts, Combined with the Federal Reserve Reducing its Balance Sheet, is So Risky for Our Economy
The 1% got $5 trillion of help from the Federal Reserve during QE. The bill for that support, which comes due just as the Fed reduces its balance sheet, just got sent to the middle-class through this new tax bill.Read More
Anyone reading today’s financial press would think the U.S. economy is accelerating—finally taking off from its post-financial crisis lackluster performance to what Tom Brokaw called “a roaring economy” on Meet the Press this past weekend.Read More
The big winners from the new congressional tax bill are corporations, which will see their tax rates reduced from 35% to 21% while keeping most of their deductions. However, second but little-talked-about winners are state governments, mainly in those forty or so states that align their tax codes with the federal system.Read More
Add ex-Federal Reserve Chairman Alan Greenspan to the list of experts warning about a bond market bubble. Speaking in late July to Bloomberg News, Greenspan warned, “Equity bears hunting for excess in the stock market might be better off worrying about bond prices… That is where the actual bubble is, and when it pops, it’ll be bad for everyone.Read More
The U.S. stock market has come a long way from its Great Recession low. That low, at which the S&P 500 bottomed out at 666 on March 9, 2009, is what has been called “the Haines’ bottom,” named after legendary CNBC anchor Mark Haines, who called the bottom of the market’s plunge on the air. (Sadly, Mark passed away in March of 2011.)Read More