Krugman heralds start of next depression

[Nor-LA-SD-guy]

Why Yes, yes they can (Print Money),

Fed may buy Treasury notes and bonds, and/or agency bonds, in an effort to push interest rates even lower and “spur aggregate demand.”

“Although conventional interest rate policy is constrained by the fact that nominal interest rates cannot fall below zero, the second arrow in the Federal Reserve’s quiver — the provision of liquidity — remains effective,” Bernanke said in a speech Monday in Texas. “The Fed could purchase longer-term Treasury or agency securities on the open market in substantial quantities. This approach might influence the yields on these securities, thus helping to spur aggregate demand.”

Fed deploying unconventional tools

Bernanke’s comments are the Fed’s latest hint that the world’s most powerful central bank will deploy a ‘new tool box’ and unconventional techniques that Bernanke has previously said most likely would be needed to help the nation cope with its most serious financial crisis since the Great Depression.

Moreover, although the potential actions announced Monday technically are not quantitative easing, they will have that effect, says economist David H. Wang. Quantitative easing involves increasing the reserves in the banking system after the Fed loses the ability to lower the cost of money from an interest rate standpoint.

[briansd1]

[quote=pjwal]the death tax is going to go up to 53% and include assets that it has never before (homes and life insurance benefits),[/quote]

The estate tax only affects 5500 estate per year. Unless you have great wealth, you can be pass your money, tax-free, to your heirs through proper planning.

The estate taxes is not a death tax on small businesses and farms, as some uninformed folks believe.

Although the tax affects only about 5,500 estates a year, it is such an incendiary issue that when Congress unexpectedly let it lapse at the end of 2009, financial advisers warned that it might play a macabre factor in the end-of-life decisions being weighed by heirs of elderly Americans.

[briansd1]

[quote=pjwal]the death tax is going to go up to 53% and include assets that it has never before (homes and life insurance benefits),[/quote]

The estate tax only affects 5500 estate per year. Unless you have great wealth, you can be pass your money, tax-free, to your heirs through proper planning.

The estate taxes is not a death tax on small businesses and farms, as some uninformed folks believe.

Although the tax affects only about 5,500 estates a year, it is such an incendiary issue that when Congress unexpectedly let it lapse at the end of 2009, financial advisers warned that it might play a macabre factor in the end-of-life decisions being weighed by heirs of elderly Americans.

[briansd1]

[quote=pjwal]the death tax is going to go up to 53% and include assets that it has never before (homes and life insurance benefits),[/quote]

The estate tax only affects 5500 estate per year. Unless you have great wealth, you can be pass your money, tax-free, to your heirs through proper planning.

The estate taxes is not a death tax on small businesses and farms, as some uninformed folks believe.

Although the tax affects only about 5,500 estates a year, it is such an incendiary issue that when Congress unexpectedly let it lapse at the end of 2009, financial advisers warned that it might play a macabre factor in the end-of-life decisions being weighed by heirs of elderly Americans.

[briansd1]

[quote=pjwal]the death tax is going to go up to 53% and include assets that it has never before (homes and life insurance benefits),[/quote]

The estate tax only affects 5500 estate per year. Unless you have great wealth, you can be pass your money, tax-free, to your heirs through proper planning.

The estate taxes is not a death tax on small businesses and farms, as some uninformed folks believe.

Although the tax affects only about 5,500 estates a year, it is such an incendiary issue that when Congress unexpectedly let it lapse at the end of 2009, financial advisers warned that it might play a macabre factor in the end-of-life decisions being weighed by heirs of elderly Americans.

[briansd1]

[quote=pjwal]the death tax is going to go up to 53% and include assets that it has never before (homes and life insurance benefits),[/quote]

The estate tax only affects 5500 estate per year. Unless you have great wealth, you can be pass your money, tax-free, to your heirs through proper planning.

The estate taxes is not a death tax on small businesses and farms, as some uninformed folks believe.

Although the tax affects only about 5,500 estates a year, it is such an incendiary issue that when Congress unexpectedly let it lapse at the end of 2009, financial advisers warned that it might play a macabre factor in the end-of-life decisions being weighed by heirs of elderly Americans.

[Nor-LA-SD-guy]

The only thing the fed can’t seem to figure out, is how to increase your pay check.

[Nor-LA-SD-guy]

The only thing the fed can’t seem to figure out, is how to increase your pay check.

[Nor-LA-SD-guy]

The only thing the fed can’t seem to figure out, is how to increase your pay check.

[Nor-LA-SD-guy]

The only thing the fed can’t seem to figure out, is how to increase your pay check.

[Nor-LA-SD-guy]

The only thing the fed can’t seem to figure out, is how to increase your pay check.

[afx114]

[quote=kev374]I know plenty of 1099 contractors who lease expensive cars for personal use and write off a good chunk of the lease on their taxes. They also write off lunches and dinners disguising them as business activities. Vacations become business trips etc. etc. It’s way too easy to dupe the system. The folks with W2 income paying the entire 49-50% marginal tax rate are the ones being screwed.[/quote]

We 1099’ers also pay double — once as employee and once as employer.

[afx114]

[quote=kev374]I know plenty of 1099 contractors who lease expensive cars for personal use and write off a good chunk of the lease on their taxes. They also write off lunches and dinners disguising them as business activities. Vacations become business trips etc. etc. It’s way too easy to dupe the system. The folks with W2 income paying the entire 49-50% marginal tax rate are the ones being screwed.[/quote]

We 1099’ers also pay double — once as employee and once as employer.

[afx114]

[quote=kev374]I know plenty of 1099 contractors who lease expensive cars for personal use and write off a good chunk of the lease on their taxes. They also write off lunches and dinners disguising them as business activities. Vacations become business trips etc. etc. It’s way too easy to dupe the system. The folks with W2 income paying the entire 49-50% marginal tax rate are the ones being screwed.[/quote]

We 1099’ers also pay double — once as employee and once as employer.

[afx114]

[quote=kev374]I know plenty of 1099 contractors who lease expensive cars for personal use and write off a good chunk of the lease on their taxes. They also write off lunches and dinners disguising them as business activities. Vacations become business trips etc. etc. It’s way too easy to dupe the system. The folks with W2 income paying the entire 49-50% marginal tax rate are the ones being screwed.[/quote]

We 1099’ers also pay double — once as employee and once as employer.

[Author]

Posts