Good morning! Here’s what you need to know: ______________________________ OVERVIEW China’s Property Bubble Might Deflate Slowly | If so, those betting on an imminent crash will be disappointed. Tax Uncertainty Keeps Hiring On Hold | Do you know what your tax rate will be on January 1st? Neither does anybody else. The Economy Is Slowing [...]
Good morning! Here’s what you need to know: ______________________________ OVERVIEW Larry Summers is leaving, pop the champagne! Another round of Fed stimulus is a bad idea. Every president is a banker. It’s the consumers, Stupid. That’s why deflation, not inflation, remains the challenge. Unless consumers deleverage more quickly than expected. Velma Hart is the new [...]
Economist Arthur Laffer wrote on the opinion page of last Thursday’s Wall Street Journal that extending unemployment benefits will lead to more unemployment. These two sentences say it all: “Imagine what the unemployment rate would look like if unemployment benefits were universally $150,000 per year. My guess is we’d have a heck of a lot [...]
