Category Archives: Economy & Markets

Looking Back at 2017 & Ahead to the New Year

As we kick off 2018, it’s always good to look back on the highlights of last year and contemplate what the New Year might bring. While the US economy finished 2017 on a strong note, it certainly didn’t start out that way. GDP was up only 1.2% (annual rate) in the 1Q but rebounded strongly… Continue Reading

51% of Americans Say Economy is “Good or Excellent”

Business network CNBC reported on Monday that American optimism on the economy is nearing new heights. The CNBC “All-American Economic Survey” found that for the first time in at least 11 years, more than half of respondents (51%) to the poll rated the economy as “good” or “excellent,” while a near record 41% expected the… Continue Reading

Debt Ceiling: How “Extraordinary Measures” Work

As most of my readers know, the government will hit the current debt limit extension tomorrow (December 8) – unless Congress votes to expand the limit today or tomorrow, which is looking increasingly unlikely. Republican members of Congress are laser-focused on passing tax reform, and they know the government won’t actually shut down on December… Continue Reading

Goldman Sachs Predicts 4% Global Growth in 2018

My main theme in the second half of this year has been that the US economic recovery is gaining momentum. We have seen back-to-back quarters of better than 3% GDP growth in the 2Q and 3Q. Just yesterday, the Commerce Department reported that 3Q GDP rose at an annual rate of 3.3%, up from 3.0%… Continue Reading

GOP’s Hidden 45.6% Tax Bracket For Wealthy is For Real

I don’t want to be a broken record on the subject of the new GOP tax reform proposal, especially after devoting my entire E-Letter to it on Tuesday. Yet there is one troubling aspect of the new tax plan that has come to light this week as analysts dug deeper into the details. That revelation,… Continue Reading