Some laws are made to be broken. Jaywalking in NYC is no big deal. Pouring blood on draft records was a common non-violent Vietnam War Era protest. You’ll hardly hear any complaints about “crimes” like these. Steal someone’s private property, however, and you’ve not only committed a crime but you’ve thumbed your nose at the [...]
Is Washington about to pull a fast one on the American people? We’ve all heard in some form the quote from poet and philosopher George Santayana: “Those who cannot remember the past are condemned to repeat it.” Are we about to see history repeat itself? In the coming days the Obama administration will begin “stress [...]
Ancient Chinese Proverb: “Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.” On February 17th in Denver, Colorado President Obama is expected to sign into law his $789.5 billion economic stimulus package. It’s the result of a good deal of [...]
Recently we had the pleasure of making a presentation at a local business association’s quarterly breakfast. Below is a copy of our remarks supplemented by the Q&A that followed the scripted presentation. Good morning everyone. Before we begin we wish to thank you for the opportunity to share our thoughts on the economic and investment [...]
President Bush signed into law on July 30th what is being referred to as The Housing Act. The legislation intends to prop up the government-sponsored entities (e.g. Fannie Mae) and help struggling mortgage lenders by slowing the rate of home foreclosures. As is common with legislation there are additional items tacked onto the Bill signed [...]
Apparently Ben & Co. are faithful visitors to our website. It took less than 2 business days for them to follow our advice. For those who missed it, yesterday The Fed announced a new term auction facility. They agreed to accept from primary dealers mortgage-backed securities as collateral for 28-day loans of Treasury securities. In [...]
The Board of Governors of the Federal Reserve System (“The Fed”) has a dual mandate – full employment and price stability. To put it another way, The Fed’s job is to promote economic growth without causing inflation. How is this best accomplished? To listen to The Fed is to believe it’s through properly functioning financial [...]
We were asked to make a presentation at a local business association’s holiday dinner. Below is a copy of our remarks supplemented by the Q&A that followed the formal presentation. First and foremost, everyone at Apollo Wealth Management would like to wish you and your families a safe and happy holiday season. We hope 2008 [...]
Stocks seemed to peak back on July 19th as subsequent weeks brought increased volatility and lower prices. We know this not to be true as early October brought even higher highs. This week we seem headed lower once again. We see increased volatility – common during earnings season – due to uncertainty over next week’s [...]
Investment real estate comes in many forms. There’s raw land, apartment buildings, hotels, hospitals, warehouses and shopping centers to name a few. Real estate as an asset class is a wonderful diversification tool. It produces returns – usually with little correlation with those of financial assets (e.g. stocks/bonds) – that decrease overall portfolio risk. The [...]