Tax cuts will likely be a big part of his economic agenda: this includes the extension of tax cuts (e.g. parts of his 2017 tax law set to expire in 2025) and the implementation of new tax cuts (e.g. exempting tips and overtime pay from income...
At least one positive for the Fed is a stalemate in Congress against surging tax revenues. If this helps shore up the Federal Budget deficit, then maybe they can push into QT. Unfortunately, this might be a temporary relief for everyone before interest rates start rising, debt starts exploding...
And sometimes the sides switch abruptly without any predictability beforehand. So I could not begin to guess how that’s going to play. I guess it also reminds me of the so called tax cut act of 2017 when the Republicans are nominally the party of let’s cut taxes, they said, oh, we...
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There seems to be no consensus at the Fed about the upcoming rate hike. Some governors came out in support of a 25-basis-point hike, others said that for them a 50-basis point hike is also on the table. The meeting could end with some dissenting votes, whichever way it goes...
Jacqui FrankKara ChinJoe Ciolli
According to the table below that was inserted into JPMorgan Chase’s 10-Q for the quarter ending June 30, 2022, it spent $3.122 billion in the first six months of 2022 buying back its own stock versus $11.2 billion for the same period in 2021 – a shrink...
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2. Why does your “Assumed Growth Path” (Table just before Figure 1 above), have FED capital increasing at 10%/y while required reserves increase at only 4%/y? Isn’t one of the greatest problems exposed by the 2007 meltdown, that banks had insufficient reserves to absorb losses?
November 29, 2018: Deutsche Bank’s headquarters in Germany are raided by 170 members of law enforcement. Prosecutors said at the time that “Deutsche Bank helped customers found offshore organizations in tax havens by transferring illegally acquired money...