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Author Archives: Gary D. Halbert

Record Household Debt: The Counter-Argument

The lead topic in Tuesday’s Forecasts & Trends E-Letter was the fact that US household debt hit a record $12.73 trillion in the first three months of 2017. That figure was $149 billion higher than at the end of the 4Q of last year, and $50 billion above the previous peak in 2008 according to…

Cost of Raising a Child in the US is Over $233,000

Each year, the US Department of Agriculture estimates the cost of raising a child from birth to age 17. And of course, the cost goes up almost every year. The latest figures from the USDA put the average cost at a staggering $233,610, or almost $14,000 annually. That’s the average for a middle-income couple with…

President Trump’s Big Decision on Paris Climate Accord

I like to use this Blog to summarize the most interesting topic(s) I read each week. This week, it was a letter from the Editorial Board of INVESTORS’ BUSINESS DAILY advising President Trump to scrap the Paris Climate Accord. The Accord was signed by President Obama in late 2015, but never submitted to the Senate…

The Developing World Outproduces the Developed World

Based on the latest forecasts from the International Monetary Fund (IMF), the global economy is finally lifting out of the deep post-financial crisis of 2008. The IMF is an international organization headquartered in Washington, DC made up of 189 countries working to foster global monetary cooperation and trade, among other causes. The IMF now forecasts…

Will President Trump’s Tax Cuts Finally Spur The Economy?

Yesterday afternoon Treasury Secretary Steven Mnuchin announced President Trump’s much-anticipated tax reform package in Washington, DC. There were a few surprises. Here are the highlights. Much Lower Business Tax Rates. Trump wants to slash the top corporate income tax rate from 35%, the highest in the developed world, to 15% to make US businesses more…