Archive - December 21, 2010

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Important Provisions Regarding The New Tax Bills
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QE2 Eureka, It Worked!

Important Provisions Regarding The New Tax Bills

As you are likely aware, two major bills enacting tax cuts for individuals will expire at the end of 2010: the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA); and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA).  The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (Tax Act 2010) extends quite a few provisions from EGTRRA and JGTRRA for an additional two years, most through 2012.  It also extends a number of provisions enacted as part of EGTRRA that were modified in the American Recovery and Reinvestment Act of 2009 (ARRA).…

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QE2 Eureka, It Worked!

It is official, the Federal Reserve’s Quantitative Easing 2 (QE2) has worked. For those of you who have their doubts, here it the Bloomberg article that makes this claim. Still not convinced? Well, neither am I.

Let’s us recap. Quantitative Easing is a fancy term for the Fed’s decision to buy $600 billion worth of US Government bonds from freshly minted money. Bernanke spent countless hours trying to explain to the world why this scheme is a good idea. His argument went essentially like this: We buy bonds, that drives up the price, by virtue of bond math, higher prices …

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