Archive - August 9, 2011

1
Why the U.S. Debt Downgrade Could Mean Higher U.S. Stock Returns
2
How Warren Buffett Would Reduce the Public Debt
3
5 Tax Changes You Can Expect in 2011

Why the U.S. Debt Downgrade Could Mean Higher U.S. Stock Returns

Last week we came across an “Economic and Policy Watch” update prepared by a major investment bank that reviewed recent government proposals to address the nation’s funding crisis. Titled “It Just Gets Worse,” the report chided policymakers for actions that “look like a poor cover for loose money, rising inflation, and fiscal problems,” and warned that “government financing needs are corrupting monetary policy.” As a result of these ill-advised tactics, the bank had turned “more negative” on the outlook for financial stability and saw “little hope of improvement in the inflation/currency mix.”

Amidst the barrage of news coverage from dozens …

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How Warren Buffett Would Reduce the Public Debt

It is good to see that our politicians managed to find a way to raise the debt ceiling. It is less comforting to see that they only managed to do it when the walls had closed in so much that they had to take turns breathing in.

Needless to say, the deal to raise the debt ceiling does nothing to correct our unsustainable debt trajectory. It simply makes our public debt explode at a slightly slower rate. With the debt ceiling out of the way for now, it is time to focus on debt reduction.

We have all heard the …

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5 Tax Changes You Can Expect in 2011

Last week was the 150th anniversary of the US income tax. Originally established to fund the Civil War, the Federal income tax underwent various changes, with the basic system we have today being established in 1913. It seems appropriate, on this anniversary, to note that we can expect to see some significant changes in the structure of the income tax code later this year.

Although the recent Budget Control Act of 2011, Washington’s last-minute solution for the extension of the debt ceiling, includes no specific changes in tax laws, there is a good chance that the second round of deficit …

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