Doylestown Wealth Management - LPL

165 West Ashland Street Doylestown, PA 18901
P: (267) 864 - 2000 | F: (267) 864 - 2010

Advisor’s Commentary

March 2019 Budget Commentary

Hello, Old Friend, Hello The debt ceiling, which displays the resilience of Freddy Krueger, is back and larger than ever.  When we last saw it in February 2018, the spending limit weighed in at a mere $20.456 trillion; the latest…

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February 2019 Budget Commentary

Monthly Budget Review  February 2019  Budget Totals for Fiscal Year 2019 through January will not be published by the Congressional Budget Office this month due to the recent government shutdown.  Economic statistics are a totem of our age, presented as…

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January 2019 Budget Commentary

One of the persistent themes of this commentary has been the near-impossibility of returning to a “normal” interest rate regime—i.e., the conditions that persisted in the 1990’s and early 2000’s (with the exception of Alan Greenspan’s unprecedented reduction in short-term…

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December 2018 Budget Commentary

A Matter of Dates You may have seen a headline proclaiming that last month was the worst November deficit on record.  While this is factually true, it ignores the fact that around $80 billion of spending was shifted forward because…

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November 2018 Budget Commentary

The Congressional Budget Office did not publish its monthly estimates for October, but Daily Treasury Reports indicate a deficit of about $100 billion for the month. The New Gridlock Not so long ago, the “gridlock” caused by a divided Congress…

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October 2018 Budget Commentary

WHAT? Sometime in early 2018, this commentary broached the idea that the winter of fiscal “responsibility” (if one can use that word for $400 billion deficits) had abated in Washington, and a new spirit of deficit spending had begun to…

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September 2018 Budget Commentary

Getting the Numbers to Add Up  This commentary has remarked previously about the continuous mismatch between the reported federal deficit and the increase in the federal debt.  The mystery has now been solved thanks to help from two Congressional Budget…

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August 2018 Budget Commentary

The Case of the Missing FICA Long-time readers will know that the subject of Social Security is near and dear to the heart of this commentary—perhaps because it’s one of the government programs we stand to benefit directly from.  We…

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July 2018 Budget Commentary

Much has been made of the Federal Reserve’s promises to “normalize” its balance sheet in an attempt to reverse the effects of its quantitative easing (QE) program.  QE involved the Fed purchasing an unusually large proportion of Treasury bond and…

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June 2018 Budget Commentary

We have written several times on the so-called Social Security Trust Fund, about its nature as an accounting gimmick, and about the ideology that surrounds it.  Suffice it to say, that whatever shortfall Social Security is projected to run in…

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