In early February, concerns about inflation and rising interest rates sent global financial markets into a frenzy, prompting the biggest single-day drop ever in the Dow Jones Industrial Average.
Author Archives: Steven Pressman
“It is time to rebuild our crumbling infrastructure … I am asking both parties to come together to give us the safe, fast, reliable and modern infrastructure our economy needs and our people deserve.”
President Donald Trump has portrayed the tax plan Congress is wrapping up as a boon for the middle class. The sad reality, however, is that it is more likely to be its final death knell.
Since the 1970s worker productivity has increased 74 percent, while average wages have risen only 12 percent. There is no reason to believe that tax cuts would all of a sudden generate greater corporate generosity for workers.
He wants to repeal the estate tax, simplify the individual tax code and slash the rates corporations pay. Let’s consider each in turn.
Just like the rest of us, governments must borrow when they spend more money than they receive.
The real reason so few families use 529 plans, however, is that they don’t actually make college more affordable.
As the New York Stock Exchange marks its bicentennial, it is worth asking, what do stock markets actually do?
The important takeaway from the first interest rate hike of 2016 is that it’s not clear what the Fed will do next year.