Financial and Economic Brief - August 1, 2021

by © Liberty Publishing, Inc.

2021 Q3 – What’s the latest Economic Forecast?

Some economists and other pundits are forecasting a robust Q3 and Q4 for 2021. Their predictions are based on several market indicators, government agencies, and the Federal Reserve Bank. We still have a questionable labor market and higher inflation than was originally anticipated. The real question that many of these potential Nostradamus prognosticators propose is “how will the expansion of the economy as well as the money supply affect the economy over the next 12 – 18 months? Here’s an update.
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“For the 99.5% Act” strategically introduced by Senator Bernie Sanders (I-VT)

Recent legislation proposed by Senator Bernie Sanders will severely impede the estate planning efforts of many Americans. Under the proposed legislation, the federal estate tax exemption, which is the amount of one’s estate that can pass free from tax at death, would be sharply reduced. The federal estate tax would apply at death to individual estates with assets in excess of $3.5 million. (The current lifetime exemption is $11.7 million per individual). Additionally, estates will be taxed based on a graduated tax table with the highest Federal rate being a whopping 65%!
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The E-Vehicle Revolution – Speed and Execution

When the World Wide Web (WWW)/Internet started, many did not believe that it would have the meteoric rise and unprecedented influence that took place over such a short period of time. Comparisons are frequently faulty; however, every major car manufacturer is projecting a date certain as to when they will stop manufacturing gasoline and diesel-powered vehicles and only manufacture electric vehicles. Can we compare this rise to the rise of the internet? Technology has a way of developing all on its own. However, now E-Vehicles have the backing of every developed country in the world and billions of dollars are being targeted towards making the E- Vehicle Revolution happen. Experts say “happen it will”; and the speed at which it happens will be astonishing.
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Financial and Economic Brief - January 1, 2022

• How the Money Supply is Looking as we Turn Over the Calendar – The threat of ongoing inflation may be a result of the US Government and supply chain shortages.

• Shifts in the Paper and Pulp Industry Target 2022 as a Banner Year – The printing industry has been virtually decimated by technology in the form of email & downloadable brochures.

• 5 Steps You Need to Take If Planning to Retire in 2022 – Once you make the decision to retire there are several very important steps that potential retirees should consider.

Financial and Economic Brief - December 1, 2021

• Projected Growth for the US Economy in 2022 – Many economic pundits provide annual projections for the coming year.

• Are the Oil Companies Making Huge Profits While Americans Feel the Pain at the Pump? – Ask friends, family and neighbors about how much it is costing them to fill-up that SUV at the petrol station.

• The New IRA Contribution Rates Are Out for 2022; You’ll Be Happy to Know There Are Many Increases – The IRS has recently released the new IRA contribution rates and limits.

Financial and Economic Brief - November 1, 2021

• Current Status of Electric Vehicles in the US – In spite of the hype that seems to permeate around electric vehicles in the US, the current numbers are less stellar than one might think.

• The Rising Costs of Everything – What We Need and What We Love – Economists are raising an alarming inflation scenario that America has rarely seen before.

• The Economic Outlook for the Chinese Economy – After decades of double digit growth in GDP, the Chinese economy is beginning to show signs of slower growth.

Financial and Economic Brief - October 1, 2021

• Is the Rising Price of Oil a Reflection of Higher Demand? – Even with some pundits pushing the “Green New Deal”, consumers are still loving gas powered vehicles.

• The Revolution of Fast Food Restaurants using Robotics and AI is Upon Us! – The dilemma the fast food industry faces is the inability to hire enough for food prep. & clean-up even with a min. wage of $15/hr.

• The Fed May Now be Poised to Raise Interest Rates – We should think twice when trying to guess what the Fed will do with interest rates in 2022 & 2023.

Financial and Economic Brief - September 1, 2021

• A $3.5 Trillion Budget Spending Bill - PASSED the House – The House has narrowly passed a huge budget while also cementing in a date to pass a $1.5 trillion infrastructure bill.

• What is the Future of the Pharmaceutical Industry? – The worldwide value of the pharmaceutical is approximately $1.2 Trillion.

• 2021 Year-end Tax Strategy – Get a jump on filing your income taxes as early as possible this year since there have been many tax changes resulting from new tax legislation.

Financial and Economic Brief - August 1, 2021

• 2021 Q3 – The latest Economic Forecast? – Some economists and other pundits are forecasting a robust Q3 and Q4 for 2021.

• “For the 99.5% Act” strategically introduced by Senator Bernie Sanders – Recent legislation proposed by Senator Bernie Sanders will severely impede the estate planning efforts of many Americans.

• The E-Vehicle Revolution – When the Internet started, many didn't believe it would have unprecedented influence that took place over such a short period of time.

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