The Big Picture

JUNE 17, 2023

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

Taxes Retail Economy Economics 327

The Big Picture

OCTOBER 23, 2023

” That poor belief system has disadvantaged America — it has made us economically weaker, prevented the country from performing basic maintenance on its infrastructure, and generally made it a harsher place to live. Note that we undertook much of the work anyway (airports, electrical grid, roads, etc.), All simply unnecessary.

Government 334

Government Economics Taxes Budgeting 334

Wealth Management

AUGUST 20, 2024

A bold attempt to tackle the housing crisis and address economic disparities through a combination of housing initiatives and tax reforms

Economics 119

Economics Taxes 119

Abnormal Returns

AUGUST 18, 2024

disciplinefunds.com) Vanguard is launching two new active ETFs, the Vanguard Core Tax-Exempt Bond ETF ($VCRM) and Vanguard Short Duration Tax-Exempt Bond ETF ($VSDM). apolloacademy.com) The economic schedule for the coming week. (sherwood.news) The Ozempic shortage is over. msn.com) ETFs ETFs are becoming gambling vehicles.

Financial Advising 278

Financial Advising Taxes Media Government 278

Abnormal Returns

JUNE 9, 2024

wsj.com) Policy What happens if the 2017 tax cuts lapse. wsj.com) Investing in ports has positive spillover economic effects. wsj.com) The economic schedule for the coming week. (msn.com) How Russian propaganda spreads despite bans in place. nytimes.com) Russia's population has been shrinking for decades.

Financial Advising 279

Financial Advising Budgeting Economics Media 279

Abnormal Returns

AUGUST 4, 2024

papers.ssrn.com) Taxes No matter who is President in 2025, taxes will be at the top of the agenda. econbrowser.com) The economic schedule for the coming week. (morningstar.com) Paid sick leave mandates help employees better maintain work-life balance. papers.ssrn.com) How McDonalds' ($MCD) wages vary by geography.

Financial Advising 275

Financial Advising Startup Economy Taxes 275

Abnormal Returns

SEPTEMBER 10, 2023

(nytimes.com) China is facing a lost economic decade. nytimes.com) IRS There is no shortage of wealthy people with back taxes owed. theconversation.com) Researched show stepped up tax audits more than pay for themselves. econbrowser.com) The economic schedule for the coming week.

Startup 278

Startup Financial Advising Taxes Economy 278

Abnormal Returns

NOVEMBER 24, 2023

citywire.com) Economy Five economic reasons to be thankful including 'Low unemployment claims.' econbrowser.com) Falling response rates are putting economic data quality at-risk. bloomberg.com) Earlier on Abnormal Returns Podcast links: tax fairness. calculatedriskblog.com) Where do year-ahead inflation expectations sit?

Financial Advising 262

Financial Advising Economics Media Taxes 262

Wealth Management

DECEMBER 6, 2023

A Supreme Court case about unrealized capital gains has implications for Biden’s proposed tax on the very wealthy.

Taxes 99

Taxes Economics 99

Abnormal Returns

MARCH 17, 2024

axios.com) Everybody wants simpler taxes, but it never happens. bonddad.blogspot.com) The economic schedule for the coming week. (axios.com) Private equity return dispersion is a problem. mrzepczynski.blogspot.com) How search funds work. nytimes.com) Policy How much the U.S. relies foreign born STEM talent.

Financial Advising 289

Financial Advising Commission Valuation Consulting 289

The Big Picture

APRIL 18, 2023

The economic recovery is strong. As the recovery progresses, there’s less and less justification for the drumbeat of negative hot takes and gloomy economic speculation from the media. The economic evidence paints a very different picture. The economic evidence paints a very different picture.

Engineering 278

Engineering Economics Taxes Economy 278

Abnormal Returns

MAY 26, 2024

washingtonmonthly.com) Tax enforcement pays for itself. apolloacademy.com) The economic schedule for the coming week. (slowboring.com) We need more clarity and research on marijuana use. slowboring.com) Economy Air travel is now well above pre-pandemic levels. businessinsider.com) The housing market recovery is on track.

Financial Advising 268

Financial Advising Economy Education Media 268

Abnormal Returns

MAY 21, 2023

nytimes.com) Taxes Tax filing companies are lining up against the IRS offering a free filing option. npr.org) Why the IRS is scrutinizing new claims for the employee tax retention credit. calculatedriskblog.com) The economic schedule for the coming week. wsj.com) Policy America's large transit systems have a big problem.

Financial Advising 242

Financial Advising Startup Taxes Financial Services 242

Abnormal Returns

JULY 9, 2023

crr.bc.edu) We are going to need a replacement for the gasoline tax. nytimes.com) How expanded child tax credits were used. econbrowser.com) The economic schedule for the coming week. (institutionalinvestor.com) Policy Why migrants are fleeing Florida. wsj.com) There is no Social Security trust fund to invest.

Financial Advising 246

Financial Advising Taxes Economy Media 246

The Big Picture

OCTOBER 18, 2022

The four largest drops occurred during distinct periods of economic distress: 1990 (recession), 2006-09 (GFC), 2020 (pandemic/recession), and today (FOMC 300 bp rate hike). This brings us to the chart: The one above shows the traffic of prospective buyers looking at a new home (2014- 2022); the one below goes back to the 1980s.

Budgeting 363

Budgeting Economy Taxes Economics 363

Wealth Management

FEBRUARY 22, 2023

In addition to analyzing the economics of a distressed position, real estate owners must consider the tax implications of the various outcomes surrounding debt. In the worst-case scenario of a foreclosure, not only can an owner lose a property, but also be subject to income tax on phantom income.

Taxes 111

Taxes Economics 111

Nerd's Eye View

JANUARY 20, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that several states are considering a series of tax hikes targeting higher-income and ultra-high-net-worth residents after similar proposals failed to pass at the Federal level.

Financial Planner 246

Financial Planner Financial Advice Fee Only Financial Planning 246

Abnormal Returns

AUGUST 6, 2023

Markets Cullen Roche, "This has been one of the more fascinating years in economic and market history." should let China continue to shoot itself in the (economic) foot. wsj.com) Starting next year, most US taxpayers will be able to file their taxes completely paperless with the IRS. nytimes.com) Why the U.S.

Financial Advising 246

Financial Advising Startup Economics Valuation 246

The Big Picture

AUGUST 31, 2023

percent at a monthly rate) in July, according to estimates released today by the Bureau of Economic Analysis (table 3 and table 5). Disposable personal income (DPI), personal income less personal current taxes, increased $7.3 Here is BEA: Personal income increased $45.0 billion (0.2 billion (less than 0.1 billion (0.8 percent).

Food 264

Food Taxes Economics 264

Abnormal Returns

OCTOBER 27, 2024

npr.org) How the alcohol lobby has kept higher taxes at bay. statnews.com) Economy Where does economic growth come from? conversableeconomist.com) The economic schedule for the coming week. (advisorperspectives.com) In many states a rape exception is no help at all. awealthofcommonsense.com) R&D spending in the U.S.

Financial Advising 294

Financial Advising Economics Media Taxes 294

The Big Picture

NOVEMBER 25, 2022

That will cause a drop in property taxes and strain city budgets. Stanford Institute for Economic Policy Research ). • But we first need to understand, as well as catalogue, what is causing the current economic carnage. ( New York Times ). The Political Economy Blog ).

Commission 313

Commission Budgeting Economics Retail 313

Abnormal Returns

OCTOBER 22, 2023

thestreet.com) Ark Invest's ETFs have built up plenty of tax losses to carry forward. calculatedrisk.substack.com) The economic schedule for the coming week. (morningstar.com) How to avoid investment disasters. brklyninvestor.com) Fund management Vanguard is no longer always the low cost option.

Financial Advising 276

Financial Advising Media Economy Taxes 276

The Big Picture

NOVEMBER 2, 2023

If you are in a top tax bracket and have residency in a high-tax state with strong credit quality – think Ohio, New York, Massachusetts, California, Connecticut, etc. – Cash in No Longer Trash : TINA is officially over. you should be looking at Munis here. Depending on the specifics a 4.5-5%

Taxes 288

Taxes Portfolio Marketing Marketing 288

Mish Talk

NOVEMBER 29, 2022

A 30-year-fixed mortgage with 5% down (including principal, interest, taxes, insurance and maintenance) on such a home cost $3,058 a month, while the median monthly rent on such a single-family house was $2,170, based on John Burns research.". Existing Home Sales long-term chart courtesy of Trading Economics. Not a Crash?!

Sales 285

Sales Economics Consulting Economy 285

Nerd's Eye View

AUGUST 12, 2022

From there, we have several articles on Mergers & Acquisition (M&A) trends: M&A activity so far in 2022 is set to exceed 2021’s record pace despite economic headwinds, meaning there could simply be a ‘new normal’ of higher activity regardless of the economic environment.

Financial Planner 245

Financial Planner Retirement Healthcare Numbers 245

Abnormal Returns

JUNE 4, 2023

msn.com) Policy Who gains from corporate tax cuts? statnews.com) Economy Economic data doesn't move in straight lines. washingtonpost.com) The economic schedule for the coming week. (wsj.com) Ukraine The Pentagon is paying for Starlink terminals in Ukraine. wsj.com) Society has yet to come to terms with increasing longevity.

Financial Advising 241

Financial Advising Startup Banking Economy 241

Abnormal Returns

NOVEMBER 23, 2022

cbsnews.com) Economy Is crude oil losing its salience as an economic indicator? awealthofcommonsense.com) What falling tax withholding numbers say about the state of the economy. abnormalreturns.com) Research links: economic forecasts. (politico.eu) What the IAEA is saying about the situation at the Zaporizhzhia nuclear plant.

Financial Advising 245

Financial Advising Advertising Economy Economics 245

The Big Picture

NOVEMBER 21, 2022

And it was a miserable economic time, with both of these elevated measures together creating a period of unhappy people that the Misery index neatly captured. As Zunbrun observes, “ The Misery Index, as commonly constructed, doesn’t adequately capture how overall economic conditions affect attitudes.”. Should it be? 46, October 2014).

Economics 325

Economics Budgeting Taxes Economy 325

The Big Picture

JUNE 27, 2024

If they get a 7% increase in wages, they see a modest increase in their direct deposit of after FICA, federal and state withholding taxes, 401K, etc. That you can tank up in 2024 for $50-75 is an economic miracle, but people still love to complain about gas prices. After that 7% bump, their comp goes up $163 to about $2491.84.

Economics 321

Economics Budgeting Sales Media 321

Nerd's Eye View

MARCH 6, 2024

One way to predict future market returns is to use the past as a guide, with nearly 100 years of continuous market data since the 1920s covering a wide range of economic conditions showing that, for instance, the S&P 500 has had nearly a 10% average compounding return (7% above inflation) since 1926.

Valuation 246

Valuation Retirement Economics Financial Advisor 246

The Big Picture

JULY 25, 2023

Pomp points out that: “I am, however, arguing that the total return percentage traditionally quoted is not what people actually achieve in their brokerage account because of taxes. I have addressed Tax Alpha before ( see this and this ); but Pomp indirectly raised a very different issue: Why do people underperform their own assets?

Assets 246

Assets Accounting Taxes Economics 246

Nationwide Financial

AUGUST 29, 2022

Key Takeaways: Even without new legislation, the prospect of higher taxes in the future is still looming. The impact of higher taxes on retirees could be substantial, so staying up to date on the current tax landscape is vital. But even without new legislation, the prospect of higher taxes in the future is still looming.

Taxes 98

Taxes Retirement Accounting Budgeting 98

Abnormal Returns

DECEMBER 24, 2023

wsj.com) The employee-retention tax credit, or ERC, is a hot mess. econbrowser.com) The economic schedule for the coming holiday-shortened week. (nytimes.com) Policing Why perceptions of crime are out of sync with the statistics. nbcnews.com) Why are police solving fewer crimes?

Financial Advising 260

Financial Advising Media Taxes Economy 260

Abnormal Returns

OCTOBER 29, 2023

noahpinion.blog) Why international tax evasion has fallen. bloomberg.com) The economic schedule for the coming week. (investmentnews.com) Why full retirement ages are going to have to rise. econlib.org) Policy In praise of a competent, well-funded bureaucracy. newyorker.com) We are likely not enforcing antitrust laws rigorously enough.

Financial Advising 262

Financial Advising Retirement Budgeting Economy 262

Mish Talk

DECEMBER 20, 2022

Lumber futures courtesy of Trading Economics. EU Imposes the World's Largest Carbon Tax Scheme, Inflationary Madness Sets In For discussion of the energy picture, please see EU Imposes the World's Largest Carbon Tax Scheme, Inflationary Madness Sets In Please Subscribe! Unadjusted Numbers Year-Over-Year Starts: Down 16.4

Taxes 227

Taxes Numbers Economics 227

Nerd's Eye View

APRIL 25, 2023

We conclude with why Ari feels grateful that the advisory business model is so successful, as it takes away the pressure to focus on the business economics and instead gives him more opportunities to connect with the human aspect of financial planning and create deep and meaningful relationships with the people around him and in his life.

Management 246

Management Financial Advisor Clients Ethics 246

Abnormal Returns

JUNE 18, 2023

(msn.com) Cutting IRS funding reliably reduces overall tax revenue. foreignaffairs.com) The economic schedule for the coming week. washingtonpost.com) Should parental leave be split down the middle? msn.com) How the GOP and big business broke up. wsj.com) How the Confederate diaspora changed America.

Financial Advising 246

Financial Advising Media Government Taxes 246