January 18, 2021 Want to hear a universally bad idea? Many of the most liberal Democrats want to give away $1.6 trillion in outstanding student loans. The average student loan debt is $35,000. President-elect Joseph Biden wants to forgive $10,000 of every student loan. Senator Chuck Schumer wants to forgive up to $50,000 of all …
December 28, 2020 To end the year, here’s some positive news – Joe Biden is about to inherit a dream economy. We’re led to believe President-elect Biden will be commanding a damaged, COVID-riddled economy that could take years to return to prosperity. And Mr. Biden agreed with this assessment during the campaign because it made …
December 21, 2020 According to Yelp’s most recent economic impact report, more than 163,000 U.S. businesses have shut down due to the COVID-19 pandemic this year. That’s bad, but it gets worse. Yelp also reports 98,000, or 60 percent, of those businesses are gone permanently: The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) …
Restrictions, Lack of Support Killing Businesses Nationwide Read More »
December 14, 2020 There is a budding issue in local and state governments. See, the economic balance that we saw in the summer seems to have run its course. I think we know why – the growth was mostly artificial, generated by money consumers received from government and central bank programs which have expired or …
December 7, 2020 Joe Biden is going to be the president, and a lot of what I read indicates he could well enter office as the weakest president since Jimmy Carter. Now, presuming the Senate stays Republican (which is not a given because of two January runoff races in Georgia), President Biden will have won …
November 23, 2020 COVID-19 unleashed a tsunami of destruction. Whole industries are transforming, and some are being wiped out altogether. The industry that’s perhaps been damaged most by the pandemic is the restaurant business. It’s been gutted. According to Yelp and the Wall Street Journal, almost 22,000 restaurants closed their doors forever from March 1-September …
November 9, 2020 There are important updates to Social Security and Medicare on the way – some good, some bad. Here’s a quick breakdown of what’s changing. In welcome news, Social Security checks will rise 1.3 percent in 2021. The cost of living adjustment (COLA) will appear in January’s checks. Medicare premiums will be announced …
September 9, 2019 President Trump and the Democrats reached a budget deal, avoiding yet another round of debt ceiling drama. The last few years we’ve seen politicians go back-and-forth on the budget, only to “resolve” the situation by shutting down the government. This time they reached a deal to raise spending on defense and non-defense programs …
As I’ve said before, predictions of a strong economic rebound are far too optimistic. In May we received a jobs report showing a whopping 2.5 million new jobs created and an unemployment rate that dipped to 13.3 percent. This set off a wave of optimism pointing towards growth in the second half of 2020. But as …
Back in April, in a rush to get COVID-19 stimulus out the door, the IRS sent out 1.1 million checks totaling $1.4 billion. The issue? Every dollar went to a dead person. Even better, once word got out, it took six weeks to put a stop to the madness. The mistake happened because the Treasury and …
Andrew Wood, Dan Simon, and Alison Slezark are investment advisory representatives of and provides advisory services through CoreCap Advisors, LLC. Dan White & Associates, LLC and CoreCap Advisors, LLC are separate and unaffiliated entities. Logos as displayed herein are not intended to imply any endorsement by the owners of such logos of Dan White & Associates.
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