Financial and Economic Brief - October 1, 2021

by © Liberty Publishing, Inc.

Is the Rising Price of Oil a Reflection of Higher Demand?

Even with some pundits pushing the “Green New Deal”, consumers are still loving gas powered vehicles. This is reflected by the price of Brent Crude now at $80 per barrel with some suggesting that Brent Crude will be at $90 per barrel by the end of 2021. Another interesting statistic is that global oil demand will be increasing by 100 million Gallons per day by the end of 2021 or by the 1st quarter of 2022. Oil is, of course, used in many industries, for example from; cosmetics to clothing.
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The Revolution of Fast Food Restaurants using Robotics and AI is Upon Us!

The business dilemma that the fast food industry faces is the inability to hire enough people to work in food preparation and clean-up even when jobs pay a minimum wage of $15 per hour. Robotics companies are forging ahead with machine technologies that can perform each important task repeatedly, accurately, and cost effectively. At the moment several franchise operations are implementing Robotics and Artificial Intelligence (AI) in order to smooth out the bumps caused by a lack of able workers.
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The Fed May Now be Poised to Raise Interest Rates

We should think twice when trying to guess what the Fed will do with interest rates in 2022 and 2023. However, based on employment numbers and inflation rates, the American economy may be ready for the Fed to gradually taper its purchase of bonds and mortgage backed securities. If they choose to make the move then it could happen as early as November 2nd – 3rd at the FOMC (Federal Open Market Committee) meeting. Raising interest rates would be the next step.
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Latest News

Financial and Economic Brief - December 1, 2021

• Projected Growth for the US Economy in 2022 – Many economic pundits provide annual projections for the coming year.

• Are the Oil Companies Making Huge Profits While Americans Feel the Pain at the Pump? – Ask friends, family and neighbors about how much it is costing them to fill-up that SUV at the petrol station.

• The New IRA Contribution Rates Are Out for 2022; You’ll Be Happy to Know There Are Many Increases – The IRS has recently released the new IRA contribution rates and limits.

Financial and Economic Brief - November 1, 2021

• Current Status of Electric Vehicles in the US – In spite of the hype that seems to permeate around electric vehicles in the US, the current numbers are less stellar than one might think.

• The Rising Costs of Everything – What We Need and What We Love – Economists are raising an alarming inflation scenario that America has rarely seen before.

• The Economic Outlook for the Chinese Economy – After decades of double digit growth in GDP, the Chinese economy is beginning to show signs of slower growth.

Financial and Economic Brief - October 1, 2021

• Is the Rising Price of Oil a Reflection of Higher Demand? – Even with some pundits pushing the “Green New Deal”, consumers are still loving gas powered vehicles.

• The Revolution of Fast Food Restaurants using Robotics and AI is Upon Us! – The dilemma the fast food industry faces is the inability to hire enough for food prep. & clean-up even with a min. wage of $15/hr.

• The Fed May Now be Poised to Raise Interest Rates – We should think twice when trying to guess what the Fed will do with interest rates in 2022 & 2023.

Financial and Economic Brief - September 1, 2021

• A $3.5 Trillion Budget Spending Bill - PASSED the House – The House has narrowly passed a huge budget while also cementing in a date to pass a $1.5 trillion infrastructure bill.

• What is the Future of the Pharmaceutical Industry? – The worldwide value of the pharmaceutical is approximately $1.2 Trillion.

• 2021 Year-end Tax Strategy – Get a jump on filing your income taxes as early as possible this year since there have been many tax changes resulting from new tax legislation.

Financial and Economic Brief - August 1, 2021

• 2021 Q3 – The latest Economic Forecast? – Some economists and other pundits are forecasting a robust Q3 and Q4 for 2021.

• “For the 99.5% Act” strategically introduced by Senator Bernie Sanders – Recent legislation proposed by Senator Bernie Sanders will severely impede the estate planning efforts of many Americans.

• The E-Vehicle Revolution – When the Internet started, many didn't believe it would have unprecedented influence that took place over such a short period of time.

Financial and Economic Brief - July 1, 2021

• The Decline of Lumber Prices – How Will it Affect Home Prices? – The price of lumber futures has dropped dramatically over the past few months.

• Businesses are Faced with a Labor Shortage – Is it Temporary or Long-Term? – It would have been almost impossible to predict the hiring dilemma that many businesses currently face.

• The Federal Ban on Evictions and Foreclosures is Scheduled to End on July 31, 2021 – Evictions and foreclosures only affect a relatively small percentage of the American population.