October 2013

As I write this our leadership in Washington is unable to take the steps needed to avoid a government shutdown. This latest crisis gives the media lots of fodder for dire predictions of economic catastrophe. 

As I often say, my crystal ball is broken and I do not know what the future will bring, but, I can remind you that this is the 17 time in the last 40 years that this happened. Sometimes the shutdown lasts for a few days and others for a few weeks. In every case after the politicians score their idealogical points things return to normal. 

I don't know whether this will be different or not but sooner or later a resolution will 
take place. Let's hope for sooner.

Go Sox,
Dan

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Graph showing federal funds effective rate (the average rate at which banks lend to one another overnight) from 1981 to 2012.

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This information is not intended to be tax or legal advice. It is provided for your education only by Pennytree Advisers, LLC. Individual circumstances may vary.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2013.

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