Financial and Economic Brief - November 1, 2021

by © Liberty Publishing, Inc.

What is the Current Status of Electric Vehicles in the US?

In spite of what we are told, and the hype that seems to permeate around electric vehicle ownership and usage in the United States, the current numbers are less stellar than one might think. Converting an economy from reliance on gasoline fueled vehicles may be easier said than done. The tax incentives for purchasing an electric vehicle have all but evaporated. Hence, many are asking how long it will take to sway the American people. Here is some of the latest research.
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The Rising Costs of Everything – What We Need and What We Love

Many economists are raising an alarming inflation scenario that is based on backlogs and supply chain shortages that America has rarely seen before. The question is this; is the inflation seen in almost every area of what people need on a daily basis, transitory i.e. not permanent? How many Americans really believe that prices will readjust and come down or will prices stabilize with no negative affect? What the past has frequently taught us is that the more money that is pumped into an economy, the higher the risk that inflation will have a deleterious effect on the population at large.
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The Economic Outlook for the Chinese Economy – America’s Largest Competitor

After decades of double digit growth in GDP, the Chinese economy is beginning to show signs of slower growth. China is a formidable economic power that has been building its economy at the expense, as many indicate, of the United States. There is no question that China is focusing on becoming a dominating force in the world. They persist in testing and challenging the United States on a continuing basis. Here are some economic facts about the future of the Chinese economy.
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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.