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Dow up 365!

Posted by David A. Peterson on 22. December 2008 in Issues |

On Tuesday December 16, 2008 the Dow shot up over 350 points. The general thinking is that this gain was due to the Federal Reserve’s action of lowering the Fed Funds rate 0.75% points. We are told that the Fed is looking for a range between 0% to 0.25%. A 0% to 0.25% rate means that the banks are […]

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A View From The Suburbs

Posted by David A. Peterson on 16. December 2008 in Economics, Issues |

The view from the suburbs is that times are tough. Everyone knows that there are too many people chasing too few jobs at the moment.  The government has stepped in, unemployment benefits are being extended. Medicaid programs at both the State and Federal levels are expected to grow dramatically over the next year. TARP’s and Automaker’s […]

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