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MiB: Stephanie Kelton on US Fiscal Policy and the ‘Deficit Myth’

The Big Picture

.” She has made virtually all the ‘top 50 lists’ including POLITICO’s 50 Most Influential Thinkers in 2016 and Bloomberg Businessweek’s 50 People Who Defined 2019. Senate Budget Committee, and was senior economic adviser for Bernie Sanders 2016 and 2020 presidential campaigns.

Economics 194
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The Tariffs Are a Big Deal and Risks Are Very High

Carson Wealth

President Trump himself touted the USMCA as a great deal back in 2019 (the USMCA replaced NAFTA). Now, we did have a trade war in 2018 2019 and didnt see a big collapse in business investment but that time had two things going for it: 1) a huge corporate tax cut, and 2) a Federal Reserve (Fed) that started to reverse tight policy.

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Market Commentary: Investment Takeaways as Tariffs Take Their Toll on Markets

Carson Wealth

President Trump himself touted the USMCA as a great deal back in 2019 (the USMCA replaced NAFTA). Now, we did have a trade war in 2018 2019 and didnt see a big collapse in business investment but that time had two things going for it: 1) a huge corporate tax cut, and 2) a Federal Reserve that started to reverse tight policy.

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Ten Questions on Tariffs, the Economy, Markets, and Our Outlook

Carson Wealth

The Budget Lab at Yale University estimates larger prices increases on items like computers and electronics (+10.6%), apparel (+7.5%), autos (+6.1%), fresh produce like fruits and vegetables (+2.9%), and wood products (+2.9%). At the same time, the Fed did cut rates back in 2019 when they thought elevated rates were hurting economic growth.

Economy 87
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How Will the One, Big, Beautiful Tax Bill Impact Markets?

Carson Wealth

2016–2019: Profit growth surged thanks to rising fiscal deficits (on the back of the 2017 tax cuts), offsetting the increase in household savings. Offsetting this are cuts to other parts of the federal budget, mainly Medicaid and safety net programs like SNAP (food stamps). Still, it can explain a lot.

Taxes 75
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Market Commentary: Stocks Climb on Greater Clarity, but Rate Uncertainty Remains Elevated

Carson Wealth

All else equal, deficit-financed spending will boost profits (as they did in 2016-2019, 2020-2021, and even 2023-2024). The Committee for a Responsible Federal Budget (CRFB) estimates that the deficit will surge by almost 1.8% How Big Will the Tax Bill Be? When I ask how big the tax bill will be, Im really talking about deficits.

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Why Some RIAs Have Launched Their Own ETFs

Wealth Management

It’s hard to compete with those bigger players, who often have virtually unlimited compliance and marketing budgets and might offer lower management fees. In 2019, the firm created the RPAR Risk Parity ETF (RPAR) , an actively managed fund that relies on risk parity to provide a balanced index strategy.