President Obama’s declining poll numbers are an indicator of future trends...

This week’s poll asked for your opinion on the continuing healthcare debate and other factors we are facing in the economy. Click the icon and add your opinion.

 

The healthcare debate will not be resolved for some time to come in President Obama’s declining poll numbers are an indicator of future trends. Don and Perry will review recent developments in the on-going saga.

 

Defaults in commercial real estate are beginning to pound their way to the doors of bankers who are full of angst over the probability of more foreclosures. From Ireland to Washington, DC to our western shore, office space and shopping malls are finding it increasingly difficult to maintain occupancy and meet loan obligations. In the US, this will largely affect the stability of regional banks.

 

The end of the recession has been pronounced by the President but evidence remains hard to find. More commonly we see a decline in the wealthy, those who are to be taxed for newly created entitlement programs. Trade barriers are being proposed to protect local jobs which, in the past, have been a self-defeating government intervention.

 

There is good news pending for shareholders, specifically Bank of America shareholders. A judge has ruled against the SEC for unjustifiably penalizing shareholders for the misdeeds of management. There may be justice yet for millions of other investors who were cleaned out by poor management decisions in publicly held corporations.

 

All of this and your phone calls at 800-738-1400.