![]() |
| Office.com clip art |
Wednesday, December 24, 2014
Holiday gifts for the American consumer
Have you read about the recent boost in U.S. consumer spending? Of course you have and you know it is attributed -- at least in part -- to a steep drop in energy prices, particularly a drop in gasoline prices.
This development is described by some in the financial press as a tax cut because the benefit accrues to the consumer in much the same way a tax cut does. That is, by paying less at the pump, we automatically keep more of what we earn. I wonder how Keynesians who routinely advocate for enormous government spending to stimulate demand are reacting. Putting money directly in the hands of taxpayers can also spur consumption.
Fifty Year Mortgages? An awful idea.
The WSJ editorial team nailed it today: https://www.wsj.com/opinion/50-year-mortgage-donald-trump-bill-pulte-housing-prices-5ca2417b?st=N1W...
-
This morning, I attended a seminar about the "Psychology of Golf". The topic intrigued me because all of my personal golf instruc...
-
Pointed, brilliant drifts of snow pierce the evening of winter. Curving upward they arch to a luminous, cyclopean moon. A guest, humble, I s...
-
L ast week before leaving Thailand (more about that trip shortly), I learned that my brief reader's comment about financial advisory ser...
