There is some new fallout from the nations largest bank who’s already had its stellar credit rating lowered after JP Morgan Chase, reportedly now under federal investigation, admits it has lost $2 Billion from bad trades in just the past six weeks. Critics are saying that its proof that big banks still do not understand the risks their...
President Obama says that reviving American manufacturing is the key to our economic recovery, there are those in Congress that are saying no to a plan by the administration that would eliminate the “buy american” policy in federal contracts. A group of 69 lawmakers sent the President a letter urging him to reconsider the move. Ed...
Have you checked your returns on your IRA or 401k statements? You could be disappointed these days. While many may be scratching their heads trying to figure out what the problem is, many are turning to self directed IRAs hoping to find alternative ways to earn a little bit more, make up for the losses they have seen, or maybe to just...
This weekend was tax filing time for millions of Americans and if you think your tax hit is bad now wait until a year from now when those Bush Tax cuts could all be gone. The payroll tax cuts will most certainly be gone, and a whole new taxes will be on. Including a big tax that no one has been talking about when you sell your house to pay for...
Could the changing nature of the workforce be holding back the economic recovery? The latest employment report shows the US economy adding about 120,000 jobs in the month of March. Some analysts are suggesting that this may be an indication of a slow down in the economy. Furthermore, two researchers from Harvard blame the the weak employment...
The latest jobs report for the month of March 2012 may hold more than meets the eye. The US Labor Department reports that 120,000 jobs were added in the month of march; however, that is much fewer then analysts had expected. The unemployment rate for he month of March dropped to 8.2%, but economists claim that the rate went down because more...
Goodbye record low home mortgage interest rates. The average 30 year fixed rate mortgage rate moved back above 4% for the first time in nearly 5 months. Conventional thinking says that this is bad for the economy and the housing market as a whole, but there are other economists that argue this is a good thing for the economy. Ed Butowsky, wealth...
Jobs moving in the right direction in Right-To-Work states. Volkswagon to hire 800 in Tennessee, while auto parts maker Busche Enterprise is adding 120 new employees in Indiana. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News Bulls & Bears to discuss the facts around...
More Americans are getting slammed with $4 gas. The number of states where people pay at least that has tripled over the last two weeks. Meanwhile President Obama’s saying were drilling all over the place to help, but do the facts say otherwise? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment...
So what is next with health care? There are new concerns over President Obama’s healthcare law and its potential impact to job growth. This comes after a report was released by the House and Oversight committee chairman congressman Issa, and he singles out one provision in the law in particular. This provision is a yet to be enacted tax...
