Tag Archives: Great Recession

Aren’t Tax Cuts Wonderful?

Popular Economics Weekly Those were President Trump’s words on the $3.2 trillion in tax cuts enacted by the Republican majority congress before Christmas. “These are the biggest tax cuts in history, even bigger than President Reagan’s.” He’s right that they … Continue reading

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2017—A Nightmare Year

Popular Economics Weekly “For what does it profit a man to gain the whole world and forfeit his soul?” Jesus was to have said to his disciples. This should be the proverb that describes 2017, a year of lost souls. … Continue reading

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Whither Go 2018 Interest Rates?

Financial FAQs The 10-year benchmark Treasury yield dropped 5.12 points yesterday, the biggest drop in 5 months, according to Marketwatch. It is hovering just above a 2.4 percent yield—which is why one can still obtain a 30-year fixed rate conforming … Continue reading

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Tax Reform—Who Needs It?

Financial FAQs Firstly, we know this isn’t real tax reform when the respective Senate and House bills allow an additional $1.5 trillion in debt added to the existing $20 trillion of national debt. Why, when during prosperous times such as … Continue reading

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Who Needs a Tax Cut?

Popular Economics Weekly It turns out very few of us need a tax cut. Marketwatch economist Rex Nutting calculates that those in the 60 percent middle-income brackets—from $32,000 to $140,000 per year—pay just an average 2.5 percent in income taxes. … Continue reading

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Tightening Credit = Bad Economic News (Revised)

Popular Economics Weekly When is the next financial crisis? A Deutsche Bank study predicts it could be sooner than we know, as I said last week. Because the Federal Reserve reiterated its intent to begin to sell off the $4.5 … Continue reading

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Why Is Mortgage Lending Still Restricted?

The Mortgage Corner We can thank the Great Recession for most of it. Banks have become much more conservative, and builders are building approximately 50 percent fewer residences vs. the 2 million housing units at the height of the housing … Continue reading

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