Saturday, September 28, 2013

What, me worry?

The face of the GOP in the US House of Representatives as it thinks about shutting down the government and jeopardizing the full faith and credit of the United States with a potentially catastrophic default on the national debt. ...  

Friday, September 27, 2013

Wall Street to GOP: Are You Crazy?

It's time to take a defensive posture with regard to investment portfolios .... I am liquidating equity holdings in favor of cash. Between the budget debate, the debt ceiling debate and the possibility of the Fed deciding later this month to taper its purchases of bonds, the probability that there will be a significant market downturn is greater than any upside potential over the next few weeks.

Tuesday, September 24, 2013

The Affordable Care Act is a "Jobs Killer"???

For those who would argue that the Affordable Care Act (aka, ObamaCare) has deprived the US economic recovery of full-time jobs in favor of part-time jobs (and, therefore, is a "jobs killer"), here's a chart showing to the objective observer that the spike in part-time jobs and the loss of full-time jobs was a result of the recession and not the ACA. Indeed, the trend in part-time jobs has been a decline, even as the ACA was considered in the Congress, enacted into law and now is about to be implemented on October 1st.
So ... what is the real motivation of those opposing the ACA, which provides the opportunity for 10s of millions of American citizens to obtain health insurance that they otherwise may not be able to have?
(The chart shows the FT/PT employment relationship for the period January 2007 - August 2013.)