What We’re Reading 10-7-11

The Fed’s ‘Twist’ Turns into a Problem for Pensions, Insurers and Households​, PIMCO

Policy Uncertainty Is Choking Recovery, Scott Baker, Nicholas Bloom and Steven Davis, Bloomberg

More Parents Finance Their Kids’ Mortgages, Sandra Block, USA Today

Stimulus Has Been a Washington Job Killer, John F. Cogan and John B. Taylor, The Wall Street Journal

Nearly Half of U.S. Lives in Household Receiving Government Benefit, Sara Murray, The Wall Street Journal

receipts

$3 Trillion of Taxes

It was reported by the Treasury Department recently that Federal receipts have crossed the $3 trillion mark for the first time ever in fiscal 2014. But even with the highest receipts in history (much … [Read More...]

djia

Stocks Down 400 Points

"I was at the post office today and overheard someone comment that the stock market was way down, something like 400 points," wrote a client to me last week. "I just wanted to let you know we'll be … [Read More...]