If There is a Recession Coming, How Can We See it Before it Happens?

by Tony Wyman June will mark the 10th anniversary of the end of the Great Recession, the longest and deepest economic downturn this country had seen since World War II.  Unemployment doubled, housing values dropped 30%, the S&P 500 declined 57% and U.S. households lost $14 trillion of wealth, more than 20%, during the nearly 19-month decline. SInce then, the country has enjoyed one the longest periods of expansion in the nation’s history, thanks to the aggressive and unprecedented responses by fiscal and monetary policy makers in the Bush and…

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Too Good To Fix: Why The Tax Bill Was Not Necessary Right Now

By Janice Barlow THE REPUBLICANS are celebrating a Christmas present of one of the most sweeping tax cuts in the history of the country. The biggest benefactors are corporations, whose tax rates were cut from 35 percent down to 21 percent, a slash of 40%. Other specific areas have been dramatically changed, such as a child tax credit increase from $1,000 to 2,000 (and from $1,000 to $1,400 for those who pay absolutely no taxes at all). However, the individual exemptions for each person in a household are totally gone…

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