2010 was one of the most volatile, challenging, and surprising twelve month periods in the last 100 years. As we look forward to 2011 it is clear that the economic and political landscapes have changed dramatically. Having completed the mid term elections we now have some clarity of where the tax laws are going but also more questions comnig out of Washington with regard to estate taxes, entitlement programs and a myriad of other topics.
While many issues such as health care reform, social security and immigration are often difficult to quantify objectively since we have not had experience with proposed changes the issue of income tax rates is not. Critics, often with the best of intentions, have said that extending tax cuts and further reducing income taxes will benefit the rich over the poor and will lead to more deficit spending. Past income tax rate cuts have increased government revenues, boosted our economy, created jobs and shifted the tax burden away from low income families to the middle and upper income folks.
It was two years ago today (10/13/08) that as part of the financial bail out Treasury Secretary Hank Paulson told the heads of 9 major
Despite a small uptick as the month ended, investors reacted to a series of disheartening economic reports by pushing stocks steadily lower in August.
The major financial indices retreated into negative territory for the year Wednesday as a weaker outlook from the Federal Reserve and reports of a slowdown
The day-to-day market volatility and melodramatic news from the media would lead one to believe that the economy is floundering. Yet, by most objective measures
Equity and fixed income markets will move up and down – this is normal. While we have seen increased volatility lately the direction of the