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Every success,
Adam Hewison
President of INO.com
Co-founder of MarketClub.com
Tag: obama
Judgement Day For Investors?
It's time for the U.S. Government to sit down and get serious about the Debt Ceiling, but we want to know....
Loading ...As always, we would love to hear your thoughts on this or even where you think things may go from here. Be sure to share your thoughts in our comments section!
Best,
The MarketClub Team
Afternoon Market Update (4/13/11-Video)
In today's afternoon market update, you'll find out how the dollar is faring this week as well as the market causing a lot of us to feel the pinch at the pump, the oil market. I also check in on the S&P, the Reuters/Jefferies, precious metals and what I think the markets will do after the President makes his speech this afternoon.
Every success,
Adam
A Postcard From Maine & A Business Thought Too
Every so often it's important to take a break from the market or business in general. So this past weekend, my wife and I took off for a long weekend in Maine where we have a summer house.
I always enjoy going back to Maine, as it reminds me of my roots in the north of England. I love the rocky coastline and the coastal air which always seems so fresh to me.
Another big attraction is my father-in-law who is one of the most interesting men I've ever met. This past Saturday we all went out as a family to have a nice dinner with my father-in-law, his wife Jean and my wife Sally. We had a wonderful dinner and great conversation fueled by nice wine. It was during this dinner that my father-in-law put these words in my mind which I want to share with you today.
We've all heard the expression lately that a company is too big to fail. But my father-in-law in his wisdom came up with the opposite of that and said, “companies are too small to succeed.” Continue reading "A Postcard From Maine & A Business Thought Too"
Widening Deficits
Today's guest is Olivier Garret, CEO of Casey research. Oliver is going to give us his take on the ballooning deficit. Enjoy and be sure to leave us a comment giving us your thoughts on the deficit!
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On March 20, 2009, the bipartisan Congressional Budget Office (CBO) released its latest forecast in an effort to take into account the impact of the recently released Obama budget. The verdict? A whopping $1.8 trillion deficit for 2009, approximately four times larger than the all-time record established in 2008 ($455 billion).
The concerns raised by this latest forecast are many:
1) A mere two months ago, the CBO’s estimate for 2009 was “only” $1.2 trillion. They have already grossly underestimated a deficit that will most likely continue to balloon in the coming months.
2) While the new administration has focused its attention on the spending side of the budget, it has paid little attention to the other side of the equation. What will happen when tax revenue comes in much lower than current projections?
3) Even ignoring the likely expansion of the projected deficit, where will we get the $1.8 trillion needed to cover the CBO’s estimated deficit? Foreign investors? Higher taxes? Or that old standby, the printing presses?
Continue reading "Widening Deficits"
