The automobile has long played a pivotal role in the history of our nation’s economy. A former chairman of General Motors once said, “What is good for GM is good for the country.” That may have been true in the Roaring ’20s, but is certainly less so today.
However, it was interesting to note that recently [...]
July 26, 2004 | Posted in
Economy |
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We hear plenty of speculation today about a housing bubble on the horizon, leading to fears of an imminent housing price crash. Yet, the continued boom in housing prices does not show signs of waning. And, since many have plans to eventually sell homes as part of a retirement plan, this is an issue that [...]
July 16, 2004 | Posted in
Economy,
Real Estate |
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Consumers are spending and business is beginning to ramp up its investment engines. Anything above a 4% growth rate is exhausting for business—capacity is exhausted, inventories are exhausted, more employees will be needed and old plant and equipment will have to be replaced.
An economic system that combines jobs for all with economic equality is the [...]
July 12, 2004 | Posted in
Economy,
Taxes |
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Is there a more anticipated, and perhaps dreaded, non-event than this Federal Reserve interest rate hike. It reminds me of a child’s dental appointments. The event ends up being less traumatic than the child’s imagination would have them believe.
Interest rate hikes affect us two ways. The first way is in the emotional reaction, similar to [...]
July 5, 2004 | Posted in
Economy |
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