Wednesday, March 18, 2009

Rates Could Be In The Upper 4% By Tomorrow

Here's the actual press release from the Federal Reserve:

Press Release

Release Date: March 18, 2009
For immediate release
Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near-term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.
In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stability in the longer term.
In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period. To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion. Moreover, to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months. The Federal Reserve has launched the Term Asset-Backed Securities Loan Facility to facilitate the extension of credit to households and small businesses and anticipates that the range of eligible collateral for this facility is likely to be expanded to include other financial assets. The Committee will continue to carefully monitor the size and composition of the Federal Reserve's balance sheet in light of evolving financial and economic developments
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Donald L. Kohn; Jeffrey M. Lacker; Dennis P. Lockhart; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.

Monday, March 16, 2009

Kansas City's St. Patrick's Day Parade

Aye me little wee lads and lassys.... it's St. Patrick's Day again in Kansas City, Missouri.
Kansas City has a very active Irish following, along with an Irish Fest that happens over Labor Day, we have a great St. Patrick's Day parade downtown!
This year the parade will run Broadway - 33rd Street (Linwood) to 43rd Street from 11 AM to 1 PM.
This is the 36th edition of this Kansas City tradition and the weather appears to be very cooperative!
Follow this link for more information....

First Time Buyers $8000.00 Tax Credit Tax Information

I have heard that here in Kansas City there have been a couple of instances where accountants have been telling their first time home buyers that they cannot apply for the $8000.00 tax credit until 2009.


I have a copy of the blank 1040. Go to page 2, under line #69 where it says attach form 5405. I also have also a copy of form 5405 that you will need. You can look at "C" at the top. You can claim it now if purchased in 2009. If they purchase in July, 2009, they can file an amended return and get their $8000 immediately.

However, the drawback is that the EZ form which most of them would file does not accommodate this so they will have to file the regular 1040.

I would be willing to share these forms with whomever wants them.......... just email me at in the subject line put TAX FORMS and I'll send them to you as PDF file you can print out.

And if you know someone who is wanting to buy, NOW is the time to do it.....if they are looking in the Kansas City North area, have them give me a call 816-682-3897

Until next time.......

Thursday, March 12, 2009

Super Secret

Every once in a while we venture out of our neighborhood in the Northland and go to this fabulous spice store that carries nothing but SPICES!
I know I've mentioned before that my wonderful husband was a Chef in another life before he became a Pharmaceutical Robot Engineer........ and that the kitchen is HIS domain !
We have this special place that we go to in old Overland Park, Kansas, just a hop, skip and a jump from our neck of the woods.
Upon walking in your mouth begins to water at the mere possibilities of what you could dress up with their array of spicies from all over the world. It's truly delightful!
You can get anything from vanilla from other parts of the world to mouth watering garlic to dried chopped celery.....
We can't even go in the place without dropping fifty bucks! They also have boxed gift sets for every occasion
It's a real treat! Check out their website

And you are ALWAYS greated with a smiling face!

Until next time...............
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