Futures are slightly up on Fed action. But, we certainly cannot expect that to last.
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Well that's quite true. I like to think that similar to world war II the recovery process will inspire a boom in production in our economy. I think all the problems with China being the main supplier of goods to the world is coming out in all it's glaring reality and will change the face of manufacturing in the United States.
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Expected FERS Retirement; December 2028
Thru-hike the Appalachian trail spring 2029
AGG is back above its 200-DMA of 111.72. Light volume, though... as of now.
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
"Senate Releases Updated Economic Relief Plan (CARES Act) for Individuals and Businesses"
"Recovery rebate for individual taxpayers.
The bill would provide a $1,200 refundable tax credit for individuals ($2,400 for joint taxpayers).
Unlike the previous version of the bill, the credit has no minimum qualifying income requirements and no phase-in (see Chart 1).
The rebate phases out at $75,000 for singles, $112,500 for heads of household, and $150,000 for joint taxpayers at 5 percent per dollar of qualified income, or $50 per $1,000 earned.
It phases out entirely at $99,000 for single taxpayers and $198,000 for joint taxpayers.
Additionally, taxpayers with children will receive a flat $500 for each child.
We estimate the rebate will decrease federal revenue by about $301 billion in 2020, according to the Tax Foundation General Equilibrium Model. This is higher than the previous credit design, as this credit is available to more people and offers a higher base amount for low-income households.
This credit is one-time, but policymakers might consider additional rebates if the downturn is prolonged."
Source: https://taxfoundation.org/cares-act-...c-relief-plan/
rebate.jpg
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
It sure doesn't sound like this bill will pass before the closing bell...
https://www.youtube.com/watch?v=ns2POBYJtuw
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
The market seems to like the news. It’s recovering pretty well. Many on TV seem to think we get a short term rally then retest the lows again before any real recovery. But let’s face it, nobody really knows.
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Loading the Bill up with JUNK is typical, but it isn't right, it's LEFT!!
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
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