Month: January 2015

January
28

Provided by: John Jespersen

Fed Doves Determine the Accommodative Flight Plan for 2015

Today’s unanimous Federal Open Market Committee (FOMC) decision, being the first of 2015, was unquestionably less contentious for chair Janet Yellen than the last FOMC decision of 2014. Jeffrey Lacker, being the only hawk of the current FOMC voting members, sided with the accommodative doves for this opening round of the year. The Fed collegial…

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January
26

Provided by: Jon McGraw

The Real Central Bankers of Europe

There may be potential for a reality television program starring central bankers and the making of economic policy. It could be called The Real Central Bankers of the European Economic Community. Just imagine the last two weeks’ episodes. Two weeks ago, the Swiss National Bank shocked markets by unpegging its currency and sending the value…

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January
20

Provided by: Jon McGraw

Switzerland Plays Games with Monetary Policy

Central banks have been full of surprises lately, but not too many people saw this one coming. For aficionados of the board game Clue, here’s the gist of it: Thomas Jordan did it in Switzerland with monetary policy. Last week, Jordan, chairman of the Swiss National Bank (SNB), told the world the SNB would no…

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January
12

Provided by: Jon McGraw

Investors Skeptical of Low Oil Prices

You may be enjoying the economic benefits of gas prices around two dollars a gallon, but last week investors were skeptical about the effect of low, low oil prices on companies’ performance during 2015. For the first time since the financial crisis, the price of crude oil dropped under $50 a barrel last week. That’s…

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January
05

Provided by: Jon McGraw

Oil Prices Got Even Less Crude

“…bubbling crude; oil that is, black gold, Texas tea.” The decline in oil prices accelerated during the fourth quarter of 2014. The main culprit was a supply and demand imbalance. Increased production in the United States, which is currently the biggest oil producer in the world, means there is an ample supply of oil. However,…

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January
01

Provided by: Jon McGraw

Flexibility Leads to Substantial Retirement Savings

Ron and his wife, Sharon, both in their forties, discovered that a bit of flexibility from his employer would make it possible for them to increase retirement savings to over $100,000 per year. At the same time, they reduced their taxable income by making maximum 401K contributions of $17,500 each (2014). As a successful salesman/consultant,…

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