As most of you know, the estate tax rates for 2010 remain at 0%. At the beginning of 2011 those rates jump up to 55% with a $1,000,000 exemption. Those are basically the rates in effect before the 2001 changes began phasing out the estate tax altogether only to be reinstated in 2011. In effect, [...]

Business owners and fellow entrepreneurs have lately been asking; where are businesses getting financing these days? The answer is less and less at traditional banks. The mid market firms we deal with are caught in the crunch. Too big for family and friends financing, too small for Wall Street or junk bond issuances and [...]

http://money.cnn.com/2008/11/06/news/companies/automakers/index.htm?postversion=2008110622
These companies are obviously on their way out. Please don’t send my tax dollars to fund companies that should be taken over within the next year anyway.
If the money does in fact go to these companies, it is immediately being turned over to union worker’s pensions. I have no desire to pay [...]

As I was watching CNN on the kitchen TV, I saw the Federal Reserve reduced interest rates to 1%. That is simply ridiculous. Interest rates at 1% bear no market resemblance.
Ron Paul mentioned the Fed’s actions are immoral and I agree. There are a lot of retirees that could and [...]

Market Volatility:
I have written about this before, but the market has taken this to a new extreme. There is really no excuse to have swings of 1,000 points in intraday trading. It is apparent that many people are either profit taking every time there is an upswing or removing large sums of money [...]

Today should be an interesting one on Wall Street. I am anxious to know how the market will react to the recent Fed rate cut. Normally we see a rate cut stimulating the economy as demand for loans increases to spur economic activity. Except wait a minute, The banks aren’t making loans at any rate. [...]

Rate cut of half a point, 700 billion dollar bailout. Can we print any more money? Not only is my net worth eroding before my eyes as the market sends blood into the streets, but what cash I do have is becoming worthless as cash is being printed as fast as the mint [...]

700 billion dollars, that is a pretty disgusting amount of money. I am terribly afraid that government is going to authorize a free wheeling spending spree with freshly printed money.
The value of the dollar will fall through the floor and we will all be facing inflation to rival that of my parent’s generation. [...]

Freddie and Fannie…These stocks dipped to historic lows after everyone learned of their financial issues. Yet, days later their prices had doubled. No new information, at least good information, had come out suggesting strength in these securities. Now, the bad news is confirmed again, despite the overall outlook on the stocks staying [...]

Merrill Lynch…They are certainly to be applauded for being the first to open their books and show how deeply invested the financial sector is in subprime mortgages. A 30.6 billion portfolio was sold for 22 cents on the dollar, but the real killer is that Merrill financed 75% of the purchase and will be [...]