Bautis Financial
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With all of the uncertainty around the election, the most frequent question I’m seeing is will the election tank the market? The debate this week didn’t provide any reassurance. In the video below I talk about 3 things to keep in mind around uncertainty. Take an online assessment of how much volatility you can tolerate …
How can the presidential election effect your finances, you ask? Let's talk about Joe Biden's proposed changes to 401k retirement plans.
By Anthony Rubinich In American History, there has surely never been an election quite like this. Between Hillary Clinton and Donald Trump, I wish I could say that the stakes weren’t high. Unfortunately, this is a very important election. The winner of the election will inherit a $19 trillion debt. Never before in the history …
By Anthony Rubinich On July 4th 1776, the American colonies declared independence from Great Britain. In 2016, the island territory of Puerto Rico is fighting for a different kind of independence. As the Revolutionary War was fought with bayonets and muskets, Puerto Rico’s fight for financial independence is being fought with words and money. Unfortunately, …
By Anthony Rubinich On June 23rd, 2016, the British people voted to leave the European Union, the first time in EU history. While to the casual listener this would appear as a seemingly innocuous event, the decision has global economic and social implications. Within hours of the announcement, stock prices plummeted and international markets were …
Not only did Argentina lose the World Cup final in a heartbreaker this past weekend to Germany, they now must turn their attention to a problem that could potentially once again cripple their economy. In 2001, Argentina succumbed to what was at the time, the largest sovereign default in history. Public debt in Argentina as …
Before 2008, the federal government held less than $500 billion in cash, bonds, mortgages, and other instruments. Today, its portfolio has expanded to $1.1 trillion, financed mostly through borrowing. Some of the debt was due to the financial crisis firefighting – but that debt has been sold off only to be replaced with a much …
In the past two newsletters my feature stories were about the “fiscal cliff” and how things were playing out. The cliff is the combination of tax increases, spending cuts, and the hitting of the debt ceiling limit all happening early 2013. Washington reached a last minute agreement on January 1st to tackle the tax aspect …
