Ohio Statehouse in Columbus. getty Legislators in eight blue states kicked off the year introducing a coordinated package of tax hikes targeting upper income households. While that effort attracted co...
Tag: Fiscal policy
Gretchen Whitmer’s Middle Class Tax Hike Doesn’t Get As Much Coverage As Blue State Wealth Tax Bills, But Is More Likely To Become Law
Michigan Gov. Gretchen Whitmer delivers her State of the State address to a joint session of the … [+] House and Senate, Wednesday, Jan. 25, 2023, at the state Capitol in Lansing, Mich. (AP Phot...
Fair Tax Combines Flawed Policy With Terrible Politics
The United States Capitol building getty Congressional Republicans shouldn’t surprised they’re under attack now that the Fair Tax, a proposal to replace the federal income tax with a 30% national sale...
Moody’s Mark Zandi sees relief within 6 months
The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices s...
Fed should hike interest rate rates 150 basis points: Wells Fargo
It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal Reserve is raising rates too slowly, telling CNBC’s R...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
Inflation ‘collapse’ will spark big stock market gains: Credit Suisse
Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch...
More States To Join The Flat Tax Club
Boise downtown and Idaho Capitol getty After lawmakers in nearly 10 states enacted income tax cuts in the first half of 2022, a string of special sessions in the second half of the year is resulting i...
Wage inflation, used car prices could jump higher: Jim Bianco
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it...
Are We In Recession Yet?
Federal Reserve Board Chairman Jerome Powell. (Photo by Alex Wong/Getty Images) Getty Images Spring seems to have brought a second quarterly decline in real gross domestic product (GDP). Since this ma...
Market jump after Fed hike is ‘trap,’ Morgan Stanley warns investors
Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief U.S. equity strategist and chi...
How the Federal Reserve fights inflation through interest rate hikes
Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of anal...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
RBC top analyst sees comeback
Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy...
Attractive ETF for a volatile market is DIVO: Amplify ETFs CEO
Investors may want to consider a special fund focused on high dividend yielding large-caps, according to a leading ETF fund manager. Christian Magoon believes his firm’s actively managed Amplify...
Inflation and Fed sparking one way trip to market misery: Jim Bianco
Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation ...
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
Inflation is the ‘top problem’ facing America, survey shows
A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Meanwhile, President Joe Biden also has faced blowback over continu...
50% of market is in a bubble, Dan Suzuki warns as Fed gets ready to meet
The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.”...
Storm Clouds Are Looming For The Stock Market
The Encounter of Tanks on the Map of Ukraine. 3d Rendering http://www.lib.utexas.edu/maps/world.html getty It’s hard to find many reasons to be bullish on the stock market right now. On the other hand...
China Covid Lockdowns Likely To Be Followed By Policy Easing In 2nd Half — Matthew Asia’s Andy Rothman
Empty roads during a phased lockdown due to Covid-19 in Shanghai, China, on Tuesday, April 5, 2022. … [+] Shanghai reported more than 13,000 daily Covid cases for the first time, as a sweeping l...
What’s Next For Fiscal And Monetary Policy?
The COVID-19 pandemic has had significant impact on our domestic economy. It comes as no surprise that the ongoing pandemic will continue to influence our economic policies for years to come. The chal...
Growth slowdown to spark 10% stock plunge, Morgan Stanley warns
Investors may be playing with fire. According to Morgan Stanley’s Mike Wilson, the S&P 500 is vulnerable to a 10% plunge despite Monday’s late buying binge. He warns investors are dang...