What Is Inflation And Why You Should Know About It

Inflation around us

There has been a lot of talk about inflation lately, but what is inflation and why is it important to plan for it? Very simply it is the concept of a dollar today is not worth a dollar tomorrow. I like to explain it like this: How much was gas when you started driving? Maybe you don’t remember but for me it was around $1.15 per gallon. Today … [Read more...]

The FED Taper Talk, What It Means

Last week the FED announced that they would begin to ramp down their bond purchases. Instead of purchasing $85 Billion in Treasury bonds they will now be purchasing just $75 Billion. What this means is the FED is finally feeling confident enough to let the economy begin to stand on it’s own feet. As the FED meetings have become more popular than … [Read more...]

What It Means When Cities Go Bankrupt

city

With the recent news of Detroit filing for Chapter 9 bankruptcy and more closer to home the California cities of Stockton, San Bernardino, and Mammoth Lakes, the question remains, what does it means for a city to file for bankruptcy? The law is pretty clear on what bankruptcy is and sets forth 4 eligibility requirements for filing for Chapter 9 … [Read more...]

What Does The FED Actually Do?

As follow up to my last article on the FED, I figured I would explain what exactly the FED is and does… Born out of the 1913 Act the Federal Reserve Board was created.The Federal Reserve System, or more commonly known as the FED was created to carry out monetary policy. The FED is made up of the Board of Governors (7), including the Federal Open … [Read more...]