Financial and Economic Brief - August 1, 2021

by © Liberty Publishing, Inc.

2021 Q3 – What’s the latest Economic Forecast?

Some economists and other pundits are forecasting a robust Q3 and Q4 for 2021. Their predictions are based on several market indicators, government agencies, and the Federal Reserve Bank. We still have a questionable labor market and higher inflation than was originally anticipated. The real question that many of these potential Nostradamus prognosticators propose is “how will the expansion of the economy as well as the money supply affect the economy over the next 12 – 18 months? Here’s an update.
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“For the 99.5% Act” strategically introduced by Senator Bernie Sanders (I-VT)

Recent legislation proposed by Senator Bernie Sanders will severely impede the estate planning efforts of many Americans. Under the proposed legislation, the federal estate tax exemption, which is the amount of one’s estate that can pass free from tax at death, would be sharply reduced. The federal estate tax would apply at death to individual estates with assets in excess of $3.5 million. (The current lifetime exemption is $11.7 million per individual). Additionally, estates will be taxed based on a graduated tax table with the highest Federal rate being a whopping 65%!
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The E-Vehicle Revolution – Speed and Execution

When the World Wide Web (WWW)/Internet started, many did not believe that it would have the meteoric rise and unprecedented influence that took place over such a short period of time. Comparisons are frequently faulty; however, every major car manufacturer is projecting a date certain as to when they will stop manufacturing gasoline and diesel-powered vehicles and only manufacture electric vehicles. Can we compare this rise to the rise of the internet? Technology has a way of developing all on its own. However, now E-Vehicles have the backing of every developed country in the world and billions of dollars are being targeted towards making the E- Vehicle Revolution happen. Experts say “happen it will”; and the speed at which it happens will be astonishing.
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Latest News

Financial and Economic Brief - October 1, 2021

• Is the Rising Price of Oil a Reflection of Higher Demand? – Even with some pundits pushing the “Green New Deal”, consumers are still loving gas powered vehicles.

• The Revolution of Fast Food Restaurants using Robotics and AI is Upon Us! – The dilemma the fast food industry faces is the inability to hire enough for food prep. & clean-up even with a min. wage of $15/hr.

• The Fed May Now be Poised to Raise Interest Rates – We should think twice when trying to guess what the Fed will do with interest rates in 2022 & 2023.

Financial and Economic Brief - September 1, 2021

• A $3.5 Trillion Budget Spending Bill - PASSED the House – The House has narrowly passed a huge budget while also cementing in a date to pass a $1.5 trillion infrastructure bill.

• What is the Future of the Pharmaceutical Industry? – The worldwide value of the pharmaceutical is approximately $1.2 Trillion.

• 2021 Year-end Tax Strategy – Get a jump on filing your income taxes as early as possible this year since there have been many tax changes resulting from new tax legislation.

Financial and Economic Brief - August 1, 2021

• 2021 Q3 – The latest Economic Forecast? – Some economists and other pundits are forecasting a robust Q3 and Q4 for 2021.

• “For the 99.5% Act” strategically introduced by Senator Bernie Sanders – Recent legislation proposed by Senator Bernie Sanders will severely impede the estate planning efforts of many Americans.

• The E-Vehicle Revolution – When the Internet started, many didn't believe it would have unprecedented influence that took place over such a short period of time.

Financial and Economic Brief - July 1, 2021

• The Decline of Lumber Prices – How Will it Affect Home Prices? – The price of lumber futures has dropped dramatically over the past few months.

• Businesses are Faced with a Labor Shortage – Is it Temporary or Long-Term? – It would have been almost impossible to predict the hiring dilemma that many businesses currently face.

• The Federal Ban on Evictions and Foreclosures is Scheduled to End on July 31, 2021 – Evictions and foreclosures only affect a relatively small percentage of the American population.

Financial and Economic Brief - June 1, 2021

• The Biden 2022 $6 Trillion Budget – Will it Produce Record Inflation? – The Biden Administration has proposed one of the largest Budget spending bills since the WWII economic era.

• How a Cut in the Gift and Estate Tax Exemption Will Affect You – The current Gift and Estate Tax Exemption is a healthy $11.7 Million per individual and $23.4 Million per couple for 2021.

• Is it Possible that the US Federal Government Will Issue its Own Crypto Currency? – Crypto currencies have an equivalent value of about $2 Trillion.

Financial and Economic Brief - May 1, 2021

• Top Combined Capital Gains Tax Rates Would Average 48% Under Biden’s Tax Plan - If new Capital Gains tax rates go into effect it will mean a huge tax increase not seen since the 1920’s.

• Crypto Currency is Reaching a Mainstream Audience – For those considering investing or buying Crypto Currencies there is a bit of a learning curve involved in making such a decision.

• Mortgage Rates and Home Purchases Continue to Fluctuate - Over the past few weeks demand for new housing and new mortgages has shown a slight decline.