June 26, 2022

Why Is Estate Planning More Important Now Than Ever Before?

You should get started before it’s too late. By Tom Wheelwright President Biden’s Build Back Better plan has an abundance of tax changes that, if implemented, could significantly decrease the amount of wealth that you can leave to your family. These potential changes are a great reason to begin reevaluating your estate planning now before it’s…

Breitbart Business Digest: What Was the Fail Whale Anyway?

Remember the Fail Whale? Back in Twitter’s early days, the service was so unreliable that its “overcapacity” icon–an illustration of a bevy of birds tethered to a whale caught in a net—became almost a better-known symbol of Twitter than its bird logo. It was never really clear what was happening in that illustration. Was the…

Breitbart Business Digest: Core Inflation Went from Bad to Worse in April

NICHOLAS KAMM/AFP via Getty Images The idea that we might be headed toward a “softish landing” was probably the great victim of the April report on the Consumer Price Index (CPI). Consumer prices were up another 0.3 percent in April for a higher than expected 8.3 percent annual gain. The official consensus had inflation slowing…

Breitbart Business Digest: Nixon Era Unemployment Claims

The Department of Labor said that there were just 187,srcsrcsrc new claims for unemployment benefits last week, the lowest level since September 1969. Since unemployment claims are a proxy for layoffs, this suggests that fewer people were thrown off the job last week than any time since Richard Nixon’s first year in the White House.…

Breitbart Business Digest: The Curve vs. the Ratio

The arrival of yet another blowout jobs report sent yields on U.S. government bonds rising on Friday—and inverted the yield curve again. The yield on the benchmark 1src-year U.S. Treasury note rose to 2.39 percent, compared with 2.324 percent yesterday. The yield on 3src-year bonds rose to 2.435 percent. The yield on the two-year Treasury…

Breitbart Business Digest: Don’t Trust the Finance Guys

As it turns out, your suspicion that Wall Street might not have your best interest in mind has some scientific validity. A new study establishes that people who are interested in finance are less likely to share their wealth with others when the benefit to themselves is unclear. A team of business and economics professors…

Breitbart Business Digest: Sarah Bloom Raskin’s Risky Bet

Joe Biden wanted to put Sarah Bloom Raskin into one of the most powerful positions at the Federal Reserve because she is an advocate of using the central bank’s regulatory powers to diminish the supply of fossil fuels. In an age of oil priced over $100 a barrel and the highest ever nominal price for…

Breitbart Business Digest: The Great Biden Inflation Disaster

“There’s nobody suggesting there’s unchecked inflation on the way — no serious economist.” Those words should be carved upon the grave of Joe Biden’s presidency. They were spoken by President Biden himself at a White House press conference in July of 2src21. The Consumer Price Index (CPI) had climbed to an annual increase of 5.3 percent, the…

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