Showing posts tagged economic recovery

Congress Opposing Obama Plan To Ban “Buy American”

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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 Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss what exactly is the “buy American” policy and what is the impact of this move by the President.

Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.

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Slower Growth Of Labor Force May Hold Back Economy & Job Market

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 report on demographics. In fact the two researchers point to government statistics showing that the labor force is growing at about half the rate it was 20 years. They conclude that this slow growth will hinder the job market and the economy. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to examine the report from two researchers pointing to demographics as the reason for the slow employment numbers.

Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.

Original Article

Don’t Get Too Giddy Yet

I would like to make a slight change to the famous song “Don’t Worry, Be Happy.”

How about “Do Worry, But Be Happy.” OK, I’ll admit my version doesn’t flow as well, but the point is this: Stock prices have risen to their highest level in years, based on a positive outlook for the U.S. economy and improving corporate earnings. That’s something to be happy about.

For months, I have been cautiously optimistic that stock prices would continue to rise, but I have never felt totally comfortable that the economy, the job market and home prices support that optimism. But stock prices are leading indicators of the economy, and many analysts believe the robust stock market is clearly signaling a strong economic recovery.

I am not convinced of this. Stocks prices rise for many reasons, and I’m not seeing that either the U.S. economy or the global economy support this year’s market gains yet.

Therefore, I suggest that investors secure some of their recent profits and put stop orders underneath most of their holdings to protect against a big sell-off.

I am as happy as the next person about the rising stock market, but I’m not oblivious to the potential dangers. I want to see much stronger economic growth.

Until I do, I will continue to be cautiously optimistic. Bottom line: Take some profits now but be happy.

Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry for over 25 years. Check out Ed’s discussion topics for a quick tip or two for your own financial well-being in his Media Center or follow Ed Butowsky on Facebook.