Per WSJ.com: “A top Federal Reserve official Tuesday warned that any move by the central bank to reduce unemployment could lead to inflation, indicating he would oppose any further policy easing by the Fed to try and boost U.S. economic growth. Richmond Federal Reserve President Jeffrey Lacker told Bloomberg in an interview the central bank
After the President’s recent State of the Union speech it might be a good time to refresh our knowledge of the history of income tax rates. Given the massive deficit that the government is creating it is inevitable that income tax rates will go up. But by how much? History should provide a clue as
Sorry, I couldn’t resist the pun! Recently I have been visiting with several general contracting clients regarding the challenges they are facing. Both complained of the dramatic rise in construction costs in the face of a softening economy. Over the past 6 months construction costs have been increasing 1% – 2% per month for an
You have probably been reading in the news about the resurgence of inflation. Have you wondered what was driving the return to higher inflation? One of the most insidious driver is steel prices. You don’t buy it directly, but, it affects everything you buy. Over the past six months scrap steel prices have increased 100%
Today, we’re looking at interest and inflation. Per the Bureau of Labor Statistics, the rate of inflation in the prices of consumer goods and services was roughly 4.5% from December of 1996 to December of 1997. Up until a few months ago, the Federal Reserve was mightily concerned about such inflation. Now, it has set
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