-
Two months later than required by law, President Obama submitted his federal budget proposal for fiscal year 2014 on April 10. That proposal, as required, included a 10-year budget projection. I wrote in some detail about Obama’s record-large budget proposal in last week’s E-Letter . Now...
-
IN THIS ISSUE: 1. This is the Worst Economic Recovery On Record! 2. FOMC Minutes Confirm Fed Ready to End QE 3. Obama’s Latest Record-Large Budget Proposal 4. Uncle Sam is Coming After Your Retirement Accounts Overview Today I tackle several topics, each of which could take up an entire E-Letter...
-
In their fourth-quarter 2012 Quarterly Review and Outlook – today’s OTB – Lacy Hunt and Van Hoisington spell out the consequences of the so-called American Taxpayer Relief Act, as well as the even more egregiously named Affordable Care Act. They quickly conclude that the real effects...
-
Thinking about the long term is all too rare a talent these days and one I really appreciate. When you take a longer view, it is easier to see how all the moving parts, the bits and pieces, fit together. And you can see other streams of action impacting your original line of thought. In today’s...
-
IN THIS ISSUE: 1. The Bond Bubble Continues to Grow 2. Are Bonds Really “Safe” Investments? 3. When, Not If , Interest Rates Start to Climb 4. Revisiting the Equity Alternative Program Overview It was very tempting today to focus entirely on the “fiscal cliff” especially now that...
-
Plenty of people are trying to influence how you vote, from the politicians themselves to the TV talking heads, to anyone you meet who likes their candidate — or, in many cases, simply dislikes the other candidate. Frankly, I’m more concerned with what happens starting on Nov. 7 than about...
-
IN THIS ISSUE: 1. July Unemployment Report: Good News & Bad 2. Obama Tax Increase to Cost at Least 700,000 Jobs 3. Pre-Election Day Layoffs Notification Controversy Today’s Overview We begin by looking at last Friday’s unemployment report for July. The government reported that the economy...
-
IN THIS ISSUE: 1. Trustees Report: Same Song, Umpteenth Verse 2. Making the Case for a Crisis 3. Crisis? What Crisis? 4. Politicians: On the Fence (As Usual) 5. The Fix Won’t Be Easy – or Popular! Overview In what has now become an annual rite, the Social Security Trustees issued their annual...
-
IN THIS ISSUE: 1. U.S. Cruises Toward a 2013 Fiscal Cliff 2. Automatic Spending Cuts Begin on January 15 3. Could Tax Hikes & Spending Cuts Spark A Recession? 4. Another Debt Ceiling Fight This Year? 5. Supreme Court Tackles Obamacare Mandate Introduction There are two prevailing views among economists...
-
The Fair Tax What About Those Who Will Not Vote for Any Tax? What Should Seniors Do? Why Shouldn’t Everyone Pay Something? Comeback, America California, New York, Orlando, Conferences, and Webinars Don't Tax You, Don't Tax Me Tax that Man Behind the Tree! – Senator Russell Long, Democrat...
-
The Answer We Don’t Want to Know The Cancer of Debt and Deficits Income Measures What You Contribute to Society Taxing Consumption An Update on My Daughter Some Thoughts on Writing and the Future of Employment We are coming to the point in the United States when even the US government will no longer...
-
IN THIS ISSUE: 1. Economy Showing More “Green Shoots” 2. Latest Blue Chip Economic Indicators 3. Marginal Tax Rates vs. Effective Tax Rates 4. Millionaires: Tax the Rich, But Not Us 5. Thanks For Your Feedback Economy Showing More “Green Shoots” We’ve seen some encouraging...
-
.........But First, A Word From Our Sponsor.......... Announcing EverBank Wealth Management, Inc. It's another great day for the EverBank family of services. We're delighted to announce the launch of a new wealth management company offering global investment advice through a personalized approach...
-
The Center Cannot Hold Where Is My Return to the Mean? The High Cost of Leaving Some Quick Thoughts on the Keystone XL Pipeline Look Over My Shoulder for Forecast 2012 LA, NYC, Hong Kong, and Singapore Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the...
-
.........But First, A Word From Our Sponsor.......... Announcing EverBank Wealth Management, Inc. It's another great day for the EverBank family of services. We're delighted to announce the launch of a new wealth management company offering global investment advice through a personalized approach...