Edmund Burden

I help business owners grow their businesses through effective use of financial technology tools. Personal finance is a passion of mine so I try to stay on top of all the trends and write about where I see the market going.

Economic Value of Presidential Election Campaigns: Wasted Money?

According to a recent report from NPR, it is estimated a staggering $4.4 billion will be spent on advertising campaigns during the 2016 presidential election cycle. Really? Yes, you heard or read me correctly – $4.4 billion! To quote GOP front runner Donald Trump, that is a HUGE number! This estimation, however, appears inaccurate since the Federal Election Commission reported more than $7 billion was expensed on advertising strategies during...

U.S. Economy: Is Employment Status as Reported by Media Outlets Disingenuous?

According to a report from ABC News, “weekly applications for jobless benefits dropped 12,000 last week to a seasonally adjusted 260,000.” The author summarized the article "BIG PICTURE...solid hiring." With the unemployment rate falling to 5 percent the average quasi-informed person might conclude the economic health of the United States is definitely on the correct path to recovery. However, why is the quality of jobs never discussed and why is...

The Growing Economic Consequences of Terrorism

According to the Institute for Economics and Peace, “in 2014 the global economic costs of terrorism reached US$52.9 billion, with a total economic impact of US$105.8 billion.” These alarming stats beg the question, "is the civilized world doing enough to combat terrorism or has the collective interests failed to effectively address this metastasizing cancer?" Obviously lives lost to terrorist actions are without a doubt unconditionally tragic, but rarely do the...

The Fed’s Loss-Absorbing Capacity Threatens Big Banks

In October 2015 the Fed governors unanimously voted to pursue a “loss-absorbing capacity” measure requiring the largest eight banks, including “JP Morgan, Chase, Citigroup and Bank of America,” to issue hundreds of billions in new equity and debt to insulate the economy from the crippling effects of future financial shocks. The key focus of this proposal is to transfer the risk of failure back to the financial sector, specifically investors,...

Fed Targets December to Raise Federal Funds Rate - Really?

Despite the Fed’s previous stated intentions to raise the federal funds rate sometime in 2015 no increases have been approved so far. However on October 28th the FOMC announced “in determining whether it will be appropriate to raise the target range at its next meeting, the committee will assess progress – both realized and expected – toward its objectives of maximum employment and 2 percent inflation.” That speculative announcement caused...

U.S. Consumer Sentiment Bullish Despite Weak Industrial Output

According to the University of Michigan’s consumer sentiment index, which “rose to 92.1 in early October from a reading of 87.2 in September”, the U.S. economy could benefit from a “4 percent annualized rate of consumer spending growth” if this bullish behavior endures throughout 2015. Considering the disappointing impacts of a strong dollar on earnings, general stock market volatility, and underinvestment in capital markets dependable growth in consumer spending, which...