Monthly Archives: December 2010

Increase In Bank Lending Is Great News But Not A Surprise

The Wall Street Journal reported this morning that “U.S. banks are starting to increase their lending to businesses” and that the demand for loans from corporations is increasing.  This is very good news, but hardly surprising.  The additional lending is happening because … Continue reading

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11 things to know about investing in 2011 — #11 Start with a goal in mind

11. Start with a goal in mind. Thinking about why you are investing—to buy a house, to send the kids to college, or for your own retirement—will not only help to motivate you, but should also give you a better sense of how much you need and when you need it. Continue reading

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TARP Costs Continue To Fall As Financial Institutions Make Additional Repayments

Although it remains an emotional issue for many people, TARP – the Troubled Asset Relief Program enacted during the Bush administration – has actually been exceptionally – and unambiguously — successful.  Not only has it been one of the principal … Continue reading

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11 things to know about investing in 2011 — #10 Know what you need

10. Know what you need. A survey by EBRI found that only 46 percent of Americans had estimated how much money they would need to retire—and 14 percent of those had guessed. It is wise to look at some estimates of longevity for your age and gender. Particularly for women, it may be far longer than you imagine. This longevity issue has serious implications for investment planning and is an increasing concern for the population. Continue reading

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Scott Talbott Tells Marketplace That The Fed Needs To Reconsider It’s Debit Card Fee Propoosal

Financial Services Roundtable Senior Vice President of Government Affairs Scott Talbott last Thursday on the National Public Radio program Marketplace about the need for the Federal Reserve to reconsider its debit card interchange fee proposal because of the strong likelihood … Continue reading

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11 things to know about investing in 2011 — #9 Understand where you are in the lifecycle

9. Understand where you are in the lifecycle. A single 20-something with 50 working years ahead of her can be saving less and tolerating more risk than a 50-something with less than 20 years of work ahead. Where in the spectrum are you? Continue reading

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Why Isn’t The White House Pushing The Colombia Free Trade Agreement?

According to this story in Politico, White House Press Secretary Robert Gibbs has announced that the administration has decided not to push the U.S.-Colombia Free Trade Agreement. This makes no sense whatsoever. It’s been four years since a free trade … Continue reading

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Roger Campos Is Right To Oppose The Fed’s Proposal On Interchange Fees




The New York Times today published a letter from Roger Campos, president and CEO of the Minority Business Roundtable, that’s right on the money about the Federal Reserve’s recent misguided proposal on debit card fees. As I said last week … Continue reading

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11 things to know about investing in 2011 — #8 An ounce of information is worth a lot of money

8. An ounce of information is worth a lot of money. In this age of the Internet, there’s an abundance of free information about saving, investing, and money management available to you. You can also go to the library, take a class, or sit down with a financial planner. Becoming knowledgeable about your options and developing a clear strategy are keys to smart investing. It is also often a good idea to speak with a qualified financial planner. Continue reading

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Fed Makes A Huge Mistake On Interchange Fees

The Federal Reserve’s proposal that was released yesterday on interchange fees is one of the worst economic policies in recent years…and that’s saying a great deal. Only weeks after the Fed released its own study showing that Americans increasingly see … Continue reading

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