Category Archives: Wealth Management

Breathing Easier After Bank Stress Tests? You Shouldn’t

Largely unnoticed in last week’s government report on the condition of the nation’s biggest banks was the disclosure that five of them, topped by Bank of America, could lose $99 billion from the kinds of exotic bets that sank the global economy. Continue reading

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AICPA’s 1Q 2009 Economic Outlook Survey

Each quarter the AICPA posts the results of the AICPA/UNC Kenan-Flagler Business and Industry Economic Outlook Survey. The survey was conducted of AICPA Business and Industry members between January 28, 2009 and February 12, 2009 and had 1,183 respondents. Most of the respondents are CFO’s and controllers from privately owned companies.

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Social Security Trust Fund Projected to Vanish Next Year

The government has historically raided the Social Security trust fund using its surplus to make the deficit look smaller. Now the trust fund’s annual surplus is forecast to vanish next year. President Obama has proposed applying payroll taxes to annual earnings over $250,000 to help fund the trust fund when the suplus vanishes. Continue reading

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60 Minutes Interview With Bob Bernanke

See Bernanke’s first TV interview about the financial crisis on 60 minutes.

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PBS Frontline “Inside The Meltdown”

If you didn’t get a chance to see this on TV when it orginally aired you can watch it online. The show explains the financial crisis and shows how close the U.S. banking system and economy came to a complete … Continue reading

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Is Inflation Next? Warren Buffet Thinks So

Warren Buffet stated in a Reuters.com article that he believes the economy fell off a cliff but will eventually recover. The recovery could trigger inflation worse than the inflation of the late 1970′s. Continue reading

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Your Retirement Goals Pushed Back?

Despite tightening their wallets, Americans are now further from achieving their retirement goals amidst the weakening economy. That’s the word from Bank of America in its new 2008 Retirement Savings Survey which says that a growing number of Americans are concerned that the current economic crisis is threatening to leave them further behind on their retirement plans.
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Oppenheimer Asset Management, Inc.

February 17, 2009……..Comments by Tom Robinson, President
Last week was not pretty for equities virtually anywhere.
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Oppenheimer Asset Management, Inc.

February 9, 2009……Comments by Tom Robinson, President

Stock markets generally had a good week last week.
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Oppenheimer Asset Management, Inc.

January 26, 2009……..Comments by Tom Robinson, President

There is a new President in the White House, and we all have to wish him well as he tries to deal with the multiple issues that confront the nation.

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