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MiB: Gretchen Morgenson on Private Equity

The Big Picture

They also wrote the 2011 bestseller “ Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon ,” about the mortgage crisis. We discuss the Carried Interest tax loophole, a tax dodge that benefits a few 1000 people in the country but cost U.S. taxpayers 180 billion dollars per decade.

Taxes 327
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The Fed on "Possible Macroeconomic Effects of a Temporary Federal Debt Default"

Calculated Risk

o Currently, an extremely large portion of federal government spending is funded through borrowing (in part because tax payments are concentrated in other months). As Senator Mitch McConnell noted in 2011, if the debt ceiling isn't raised the "Republican brand" would become toxic and synonymous with fiscal irresponsibility.

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CoreLogic: 1.11 million Homeowners with Negative Equity in Q2 2024

Calculated Risk

“The substantial accumulation of home equity for existing homeowners has served as an important financial buffer in times of uncertainty, as some homeowners facing higher costs of homeowners’ insurance and taxes and have had to tap into their equity to prevent falling behind on their mortgages. million.

Numbers 234
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Question #1 for 2023: How much will the economy grow in 2023? Will there be a recession in 2023?

Calculated Risk

Also note that the sharp decline in 2010 was related to the housing tax credit policy in 2009 - and was just a continuation of the housing bust. Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020. 2008 0.1% -2.5% 2009 -2.6%

Economy 278
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Question #1 for 2024: How much will the economy grow in 2024? Will there be a recession in 2024?

Calculated Risk

Also note that the sharp decline in 2010 was related to the housing tax credit policy in 2009 - and was just a continuation of the housing bust. Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020. For 2023, I used a 2.6%

Economy 200
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Strategy of the Week: The Motley Fool Small-Cap Growth Investor Model

Validea

Key Criteria for Stock Selection To find small, fast-growing companies, this strategy evaluates stocks based on a diverse set of fundamental metrics: Profit Margins A minimum after-tax profit margin of 7% is required, ensuring the company maintains strong profitability within its industry. annual return (477% cumulative).

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History of the Individual Retirement Arrangement (IRA history)

Getting Your Financial Ducks In A Row

This original IRA was not deductible from income for tax purposes, and the annual contribution limit was the lesser of $1,500 or 15% of household income. The Economic Recovery Tax Act (ERTA) of 1981 allowed for the IRA to become universally available as a savings incentive to all workers under age 70 1/2. billion by 1981.