I was a guest yesterday on the financial talk show hosted by HorsesMouth.com. The subject of discussion is my new book: Dynamic Asset Allocation. You can listen to the show here.
http://www.blogtalkradio.com/horsesmouth/2010/03/25/modern-portfolio-theory-grows-up

The newly enacted health care reform legislation may be a net plus when it comes to expanding access to medical services, but it’s not free, or at least not for taxpayers in the upper brackets and certain investors. The new health care reform “will raise taxes for many Americans,” according to a report by RSM McGladrey, a consulting firm in Atlanta.

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The economy grew by 5.6% at a real annualized rate in the final three months of last year, the U.S. Bureau of Economic Analysis reported this morning. Today’s update is the third and final estimate of Q4 2009 GDP. The first estimate was 5.7%; the second was 5.9%. Although the final number has been revised down from the previous estimates, the 5.6% gain in GDP for the last three months of 2009 is the highest pace since the 6.9% gain in Q3 2003.
The government’s initial estimate of this year’s first quarter GDP is scheduled for release on April 30. “GDP isn’t expected to have gone up by as much in the first three months of 2010” compared with Q4 2009, The Wall Street Journal reported today. Early estimates for 2010’s first quarter GDP range from 2.5% to 3.0%, according to the article.

The Fed is talking about an exit strategy these days, including selling its existing stockpile of mortgage securities, which it purchased in large quantities over the past 18 months to boost the sagging fortunes of the housing industry. It may be coincidence, but the Obama administration is reportedly rolling out a new program to address the still-high rate of foreclosure in the residential housing market.

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