The Fed raises the interest rate as expected, and the market pretty much had it baked into the cake already.

Mark from Kenner needs help climbing out of a giant hole of credit card debt. Gregory gives Mark a few ways to attack the debt, and recommends against borrowing from his 401k.

Gregory elaborates on some strong financial opinions from Stephanie Pomboy of Macromavens. She says the real story behind the Fed's effect on the economy isn't the interest rate hike as much as quantitative tightening. A recession will come, and it's usually preceded by a stock market nosedive.

Long Beach could be getting its first casino. A development includes a 300 room hotel and pretty good sized gaming floor. The Mississippi Coast's gaming continues to grow.

Gregory corrects the records on misleading annuity commercials. Annuities have been around for thousands of years, but recent evolutions of this classic financial tool means annuities can be vastly different. Variable annuities have some big problems, while fixed annuities fit better under a risk averse model.

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