Quarterly Economic Outlook: Q3/2016
The “Brexit” caused market swoon on Wall Street turned out to be a nasty 5.3% two day dive (S&P 500) that was all but reversed in the next 4 trading sessions. The reason was clear early on – despite forecasts of immediate worldwide economic doom and gloom, the non-binding referendum was mostly a political statement […]
Existing Public Policy Fosters a Growing Income Gap
There is no doubt that the gap between the rich and the middle class and poor has widened in recent years. And the most recent studies confirm a continuation of that trend with capital gains playing a major role. What is ironic is that public policies — some long practiced, some new, — contribute significantly […]