COVID, Politics and life.
Every few months we get another COVID variant and our elected officials react (a friend tracks COVID and says it has a nine-week cycle). Some would say appropriately and others would say in a draconian scared manner. Today our friend Brian Wesbury from First Trust Portfolios comments on the news cycle and how we may look into the future to see how the markets and investors may think and react to more of the same.Monday Morning Outlook Riding the COVID Rollercoaster
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Facts over Fiction? A realistic appraisal of how we should look at today’s economic reports.
Monday Morning Outlook Focus on Data, Not Spin To view this article, Click Here
Brian S. Wesbury, Chief Economist
Robert Stein, Deputy Chief Economist
Date: 10/11/2021
In 2009, after overly strict mark-to-market accounting rules were altered, we said the Financial Crisis was over. It was hard to get our voice heard, though, because both sides of the political aisle were busy saying the economy stunk. Political liberals tried to use the crisis to grow the government and increase bank regu
Tired of high taxes? Mismanaged state funds? the Weather? Maybe its time to leave Illinois.
So you have Illinois Residency? California? New Jersey? Here is an absolutely incomplete (but good) guide to what you need to think about if you choose to head south from the many high tax states.1. Apply for a Homestead exemption in your new state—there is a presumption of residency if the individual is receiving the homestead exemption.2. Residency—when an individual is a resident one year they are presumed to be a resident in the following year. If you are present in IL ( or other stat
The media lies…numbers do not.
With most states reopening their economies and widespread distribution of COVID-19 vaccines, these indicators, (table and charts in the Recovery Tracker track high frequency data) show continued improvement in economic activity. It won’t improve in a straight line, but the trend should remain positive over the coming months and quarters. The charts in the Recovery Tracker highlight where the high frequency data indicators were in 2019, 2020, and in 2021.
Do state taxes matter when people chose a job? Do they matter when you retire? Do politicians care?
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