Personal Finance

President Trump Critical of Fed Rate Hikes

Harsh rhetoric from President Donald Trump to Federal Reserve Chairman Jerome Powell regarding interest rates and the state of the economy. The banter between the two has been rather one-sided, with the President hitting Twitter, and Powell staying relatively under the radar with comment. The Fed will be sticking to its plans to continue gradual rate hikes, according to the ...

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Student Loan Debt may take a turn for the Worse

Who would have thought the day would come when a young man or woman would have more educational debt than mortgage debt in their home. For most Americans, the mortgage is still the main debt load, but in Pittsburgh, for instance, 12.6 percent of borrowers owe more for their educations than they do for their homes, according to Magnify Money. ...

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You should be Thankful for the One Percenters

The Supreme Court hearings and the mid-term elections seem to have redirected the hate away from the one percenters for the moment. The alpha to the omega to the deplorables, the rich are just as despised by the liberal left. Except those who are themselves one percenters, of course. The numbers put out by the Congressional Budget Office might have ...

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A Common Sense, Unemotional Approach to Asset Allocation that Can Help Protect Your Portfolio

In the movie Wall Street, the iconic character of Gordo Gekko told a young Bud Fox, “Don’t get emotional about stocks.” While the movie is fictional and Gekko was using inside information, there is tremendous value in the advice he gave. Don’t get emotional about stocks. After the huge selloff on Wednesday, many investors are probably feeling rather emotional about ...

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Sales of Used Cars is Booming

As much as every American would love the idea of owning a new automobile, the current market conditions are favorable to kicking a few tires on a used vehicle and making the purchase instead of going with something new off the lot. Experts agree that this trend will continue through the remainder of 2018. So what is behind the switch ...

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Powell: “We May Go Past Neutral”

Fed Chairman Powell spooked the market again this week and that is not the first time he has done that this year. In a speech co-hosted by The Atlantic Magazine and the Aspen Institute, Powell made comments that sent bond prices tumbling and yields jumping. Essentially he explained that he sees three stages for interest rates—accommodative, neutral, and restrictive. Powell ...

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Small Businesses are Fed up with Facebook?

Uncertainty in the financial markets creates volatility. Volatility can create wild fluctuations and price swings in securities. Uncertainty and lack of control is never really a good thing. Especially when it comes to your business. If you have a presence on Amazon, eBay, Facebook or the like, you know what I am talking about. Amazon and eBay can be grouped ...

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Bankruptcy Filings Increase among Senior Citizens

The safety net for Americans that is Social Security retirement has been forecasted to dissipate for decades now, with the advent of such coming to fruition through probable decreased deductions beginning in 2023. This is due to basic population demographics, which change over time. The baby boomers are retiring in numbers that can’t be kept up with by the current ...

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