Monthly Archives: August 2013

When Technology Interrupts Trading

Glitches, “flash crashes” & other disturbances are becoming too numerous.                      “Why is this happening?” Those words were undoubtedly spoken on Wall Street Thursday. Perhaps you uttered them, too. At 12:14pm EST, a glitch halted all trading on the NASDAQ for more than three hours. During that time, the New York Stock Exchange suspended trading in…
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Implications Of Rising Mortgage Rates

Are they threatening the recovery? Or is their effect overstated?                                                  Between early May and mid-July, the average interest rate on the 30-year fixed-rate mortgage rose about 1%. Rates on 30-year FRMs have basically held steady since hitting a peak of 4.51% in Freddie Mac’s July 11 Primary Mortgage Market Survey – in the August…
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Could Corporate Tax Cuts Promote Job Growth

President Obama returns to an idea he introduced in 2012.                                                                                                                          What if corporate taxes were 7% lower? Specifically, what if the corporate tax rate was reset to 28%, 25% for manufacturing companies? As a tradeoff for this tax cut, what if multinational corporations based in the U.S. paid a one-time fee on accumulated overseas…
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