Stock

Q4 GDP Forecasts: 0.3% to 1.5%

From Merrill Lynch: We continue to track 1.9% for 3Q GDP tracking. 4Q tracking is at 1.5%. [Nov 15 estimate]emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 0.4% for 2019:Q4. [Nov 15 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth […]

Stock

Industrial Production Decreased in October

From the Fed: Industrial Production and Capacity Utilization Industrial production fell 0.8 percent in October after declining 0.3 percent in September. Manufacturing production decreased 0.6 percent in October. Much of this decline was due to a drop of 7.1 percent in the output of motor vehicles and parts that resulted from a strike at a […]

Stock

Retail Sales increased 0.3% in October

On a monthly basis, retail sales increased 0.3 percent from September to October (seasonally adjusted), and sales were up 3.1 percent from October 2018. From the Census Bureau report: Advance estimates of U.S. retail and food services sales for October 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, […]

Tax

The Fair Tax Mark

I was the original creator of the idea of the Fair Tax Mark and co-creator of the Mark that we actually have. Since its inception I have been an unpaid director. Over a number of years we have been asked to consider the development of an international version of the Fair Tax Mark and have […]

Tax

5 Reasons Veterans Make Great Tax Preparers

There’s nothing more honorable than serving your country. Our Veterans should be honored and revered as heroes. Unfortunately, once their service is over, many veterans find it hard to translate their skills to careers. Here’s the thing. What you learn in service to our country is applicable to lots of industries. And veterans don’t just […]