Tax

Celebrating Tax Entrepreneurs

November 19th was National Entrepreneur Day and this week happens to be Global Entrepreneurship Week. Why celebrate entrepreneurs? Because they are the heart and soul of this country. Entrepreneurs are responsible for some of the most innovative ideas and products. They constantly challenge the status quo and more often than not, give back to their […]

Stock

Comments on October Existing Home Sales

Earlier: NAR: Existing-Home Sales Increased to 5.46 million in October A few key points: 1) Existing home sales were up 4.6% year-over-year (YoY) in October.  This was the fourth consecutive YoY increase – following 16 consecutive months with a YoY decrease in sales 2) Inventory is still low, and was down 4.3% year-over-year (YoY) in […]

Stock

Philly Fed Manufacturing shows “Overall Growth in November”

From the Philly Fed: Current Manufacturing Indexes Suggest Overall Growth in November Manufacturing activity in the region continued to grow, according to results from the November Manufacturing Business Outlook Survey. The survey’s broad indicators remained positive, although their movements were mixed this month: The indicator for general activity increased, but the new orders, shipments, and […]

Stock

Weekly Initial Unemployment Claims at 227,000

The DOL reported: In the week ending November 16, the advance figure for seasonally adjusted initial claims was 227,000, unchanged from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 225,000 to 227,000. The 4-week moving average was 221,000, an increase of 3,500 from the previous week’s revised average. […]

Tax

Green QE is part of our future

This letter was in the FT this morning. I know Rod Dowler, who is a former KPMG partner: Your excellent editorial “How central banks can tackle climate change” (November 1) left me, and possibly other readers, puzzled that quantitative easing for banks should be less political than QE for a green energy transition. When the […]

Real Estate

How Long Can This Economic Recovery Last?

The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last? The Wall Street Journal (WSJ) Survey of Economists recently called for […]

Tax

Labour will deliver a Green New Deal. The Tories won’t. That’s the real dividing line between the major parties in this election.

Am I going to like the Labour manifesto? Yes, I suspect so. And that’s because at its core – like the Green Party manifesto I referred to yesterday, is the Green New Deal. I know Labour calls it the Green Industrial Revolution for reasons that escape almost everyone, but let’s not worry about such details. […]

Tax

Feeling Thankful

In the hustle and bustle of daily life, how many times you’ve stopped to think about the things you are thankful for – or should be thankful for? Thanksgiving is the one day in the year that is specifically created for us to reflect on all the things we are thankful for, and all the […]