Bush Tax Cuts and Economic Growth

In 2001 and 2003, former U.S president George W. Bush signed Economic Growth and Tax Relief Act (EGTRAA) and Jobs and Growth Tax Relief Reconciliation Act (JGTRAA). EGTRAA reduced personal income tax rates, increased child tax credit, decreased estate tax and introduced a various range of tax-favored retirement savings plans. In 2003 when EGTRAA . . . → Read More: Bush Tax Cuts and Economic Growth

The Real Stock Market Chart for 2009, 2010 (and 2011?)

You may remember our famous chart that predicted the bottom for the bear market of 2007, 2008 and 2009 and then predicted the ensuing bull market to follow.

The methodology was simple. Compare a stock chart from the bear market of 1973 and 1974 with that of recent bear trends of 2008 and 2009.

. . . → Read More: The Real Stock Market Chart for 2009, 2010 (and 2011?)

Deflation: Bernanke’s “Imaginary Dragon?”

In his New York Times article (October 17, 2010) on the general impact of deflation on Japan, Martin Flacker spoke of “economists who portend that this represents a dark vision of the future.” Indeed, in a speech back in August 27, 2010, America’s most powerful economist, Ben Bernanke forcefully said that “The Federal Open . . . → Read More: Deflation: Bernanke’s “Imaginary Dragon?”