" The Subprime mortgage crisis that began in August of 2007-and a series of other financial sector events that battered stocks for months – will likely be remembered as a very turbulent time for investors. But, there is more than a century of proof that despite periodic downturns in stock prices, ….."
To view the he rest of this article from Oppenheimer, please click on the link below:
This is an article from the Seattle Times discussing one of the reasons why housing prices are so high. To see this article, please click on the link below:
America Will Work Three Days Less to Pay Taxes in 2008 than in 2007; Stimulus Rebates Push Date of Celebration Up
Tax Freedom Day® will fall on April 23 in 2008, according to the Tax Foundation’s annual calculation using the latest government data on income and taxes. That’s three days earlier than in 2007. Stimulus rebates and a projection of slow growth in 2008 are the principal reasons for the earlier celebration.
So what can a firm that helps people with their finances do to celebrate Earth Day? Actually, we ask ourselves this question all year around and what follows is what we have come up with. Maybe it will encourage you as you think through your choices. Liz and I are avid backpackers and students of the natural world, as are a number of people here in the firm, so environmental issues are very important to us.
"Earth Day marks the anniversary of the birth of the modern environmental movement. This movement can cite some important successes. Environmental efforts established many years ago are paying off with ……. "
To see the rest of this LPL article on how how climate changes affect investors, please click on the link below:
"Residents of Washington, Oregon, and Idaho cut per capita gasoline consumption by 11 percent from 1999 to 2007, or nearly a gallon a week on average, according to a new report by Sightline Institute, a sustainability think tank".
To see the rest of this Puget Sound Business Journal article, please click on the link below:
LPL Insured Cash Account Program – FDIC insurance up to $2 million for joint account holders
With the recent financial debacle, you may be asking “Is my “safe” money safe?” Where do you save or invest money for liquidity and security? Many people would reply they use savings accounts, money market accounts and certificate of deposit (CDs) for these purposes. But is the money truly safe?
LPL’s John Canally has put out his weekly economic update. To see this article, please click on the link below:
Well, one of my least favorite days of the year – April 15 – is approaching. So if I sound a little grumpy, it’s because of our looming tax deadline, poor equity performance over the first quarter, market volatility, high oil prices and further revelations of egregious behavior by some big banks and mortgage originators. The S&P 500 stock price index fell 9.9% over the first quarter, with all 10 sectors down. Employment also fell over the quarter, with payroll employment down 232,000 and the unemployment rate up slightly to 5.1%. Does this data signal the onset of a recession? Possibly, but if so, I continue to expect it will be mild. The Federal Reserve has been very aggressive with interest rate cuts and really big balance sheet operations to take risk off bank and primary dealer balance sheets.