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Record-Setting Debt Propping Up Recovery?

11 Sep

Americans continue to set records when it comes to household debt. In the first quarter of this year, U.S. household debt, which includes mortgages, student loans, auto loans, credit card debt and more, rose to its highest level ever. In other words, Americans borrowed more money than any other time in history. Total household debt [...]

To Fix Obamacare, Make Congress Use It

5 Sep

How many of you were mad when the Affordable Care Act, or Obamacare, wasn’t repealed or replaced? The Republicans have majority control of the federal government and still could not deliver on one of their hallmark pieces of legislation. But, there is a remedy. The president has the power to order Congress to get health [...]

In It Together

16 Jun

We all know the Affordable Care Act, known as Obamacare, is a hot topic among the nation’s political class. And it’s an important one on Main Street too. Here’s the thing to remember about Obamacare – while it may not affect you directly, it affects all of us in some way. After all, health care [...]

What’s to come of Health Care?

15 May

We’re about four months into President Trump’s first term and Obamacare lingers. But for how long? The president says the Affordable Care Act (Obamacare’s official name) will collapse on its own, that it’s a terminally ill patient with limited time who was declined treatment by Congress. Now, most people aren’t on Obamacare plans. Those who [...]

Low Rates Force Hands for Pensions, Retirees

30 Jan

Pensions may be a thing of the past in terms of benefits offered by employers and governments, but they’re still very much present-tense in their liabilities and the fact that many retirees rely on them. That makes it even more troubling that they’re underfunded, meaning their liabilities are greater than the value of assets they [...]

Odd Happenings

26 Dec

Since Donald Trump was elected, a few noteworthy things have happened. For instance, the correlation between stocks and bonds is near zero. It’s almost always strongly positive or negative. When the correlation is strong, investors lose diversification. When stocks and bonds are negatively correlated (as they are now), bond yields tend to shoot up. This [...]

Taxes, Regulation and Economic Performance

19 Dec

If people were to pick which issue was most important during the presidential campaign cycle, I bet most would say the economy. After all, the economy is the backbone of American life as we know it. So in that sense, it’s interesting to view modern presidents in terms of economic performance (i.e., GDP growth). John F. [...]

U.S. Nearing NIRP?

28 Nov

Historically speaking, an average economic expansion lasts 50 months, while an average recession lasts 10 months. The Great Recession ended in June 2009, putting us in the 90th month of expansion. History would suggest we’re nearing the end of this cycle and will see a recession soon, perhaps within the next two years. This is [...]

Real U.S. Tax Rates Near Highest in World

21 Nov

Donald Trump says the U.S. is one of the highest-taxed countries in the world. Hillary Clinton says the rich don’t pay enough. Who’s right? The top American rate is 39.6 percent. Those who disagree with the U.S. being a high-rate country point to Sweden, where taxes can reach as high as 59.7 percent of income. [...]

A Path to Repatriation?

14 Nov

U.S. firms are holding $2.5 trillion in profits outside the country (“offshore”) and saving themselves from billions of dollars in taxes. And they refuse to bring the money home, also known as “repatriation,” because of our 35 percent corporate income tax rate. In other words, firms don’t want to pay a high tax rate at [...]