Famous rapper, actor and filmmaker Ice Cube caught on to a recent trend in economic policy and proclaimed on Twitter that in the US, money grows on trees. This idea has been popularized by economist and professor Stephanie Kelton, a major proponent of Modern Monetary Theory or “MMT.” Advocates of […]
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Karla Dennis, EA, MST & CEO of The Award Winning Tax Accounting Firm Karla Dennis and Associates Inc. — Specializing In Tax Planning getty The U.S. economy has been artificially inflated due to the fiscal and monetary stimulus measures the government put in place for individuals and business owners affected by the […]
Americans’ household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the most affluent households even as tens of millions of people endured job losses and shrunken incomes. The Federal Reserve said Monday […]
The New York Stock Exchange. Andrew Burton | Getty Images The financial markets are rising and the economy is falling. What is with this disconnect between the two? Many investors may be asking themselves if this is all a cause for concern. So, what’s an investor to do? To begin […]
In this new book “The Passion Economy,” podcast Planet Money host Adam Davidson explains the shifting terrain of the business world. Thanks to automation and new technology, entrepreneurs need to employ a specific strategy if they want to succeed in a marketplace dominated by titanic corporations. The passion economy rests […]
As businesses begin to emerge from the Covid-19 pandemic (hopefully sooner rather than later) and try to determine how they can maximize their chances for success, they will need to re-imagine and re-invent themselves. Rebuilding and trying to get “back” to the future will never get the job done. There are plenty […]
“How can the stock market go up, while the economy is still struggling to recover amid the pandemic?” The answer is that the stock market is not the economy and vice versa. Let’s start with the economy. As expected, the second quarter of 2020 was the most debilitating for the […]
During the financial crisis, two countries kept the global economy from cratering even further than it did — China and India. Unfortunately this time around — in the economic crisis caused by the corornavirus pandemic — no country is coming to save us. India has been on lockdown for months, […]