On December 20, President Trump signed a $1.4 trillion budget bill into law that included a separate act making major changes to 401(k) and IRA accounts.
For the fifth month on a row, US industrial production contracted in December reflecting a number of challenges including trade tensions, dollar strength and a general slowdown in global production.
History has amply demonstrated that economic forecasting is a fool’s errand. With that admonition in mind, here are a few predictions for 2020.
In terms of direct impact on every American, no Fed leader stood taller (literally and figuratively) than Paul Volcker, who died last week at age 92. His passing should be noted especially by the generation that followed for whom “inflation” is a foreign concept.
Some readers may be old enough to recall a devastating period of energy shortages beginning in the 1970s and 1980s, as US supplies fell behind and the OPEC oil cartel…
It’s that time again; Black Friday is over, Cyber Monday is past, only 20 more “biggest online sale days ever” before Christmas. But attention to a few important tax issues…
For the past two weeks we have been looking at economic cycles and typical policy responses. But the characteristics of cycles have evolved over time, as have the responses to countercyclical intervention. This suggests a good news-bad news scenario: lower economic volatility, but reduced impact of government responses.
Last week we examined the anatomy and causes of economic cycles. Today, we look at policy tools targeted at smoothing out the ride.
The US has enjoyed an unusually long period of relative stability (the longest stretch of economic growth in our history), but after 10 years, there are some signs that the gas gauge is low. We cannot know when, but is useful to understand why booms turn into busts.
Since initial public offerings convey important information regarding the overall strength of the economy, today we dissect the process of going public.