The Treasury Department prints millions of notes. The following information was obtained from U.S. Bureau of Engraving and Printing and details what goes into creating a $20 bill and when its lifespan ends. Paper A $20 bill starts out life as part of a large sheet of paper. While most paper is made primarily from […]
The Life of a Twenty Dollar Bill Read More »
The size of the US Tax Code has increased quite a bit over the last 100+ years. Two of our most important historical documents, the Gettysburg Address and the Declaration of Independence have 272 and 1,337 words, respectfully. Our Federal Tax Code was formally established in 1913 and had 9,337 words. It has grown to
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The Markets The event at the United States Capitol building had a resounding impact around the world, but it didn’t deter global stock markets. Last week, investors weighed the violent disruption of America’s 2020 presidential election process against the outcome of the Senate runoff in Georgia, and decided the latter was more significant. Financial Times
Market Commentary – Week of Jan 11, 2021 Read More »
Much of the focus of the new relief package has been on the $600 payments to individuals, but the 5,000+ page act covers a lot more including, small business loans, funding for the COVID-19 vaccine and unemployment. Refundable Tax Credit The $600 individual payments, in addition to the $1,200 payment under the CARES Act in
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After a year of living with the fear of COVID-19, many investors are hoping 2021 will bring a return to ‘normal,’ even if the new normal may not be exactly like the old one. Optimism about the future has many investors feeling bullish, according to most of the sentiment surveys listed in Barron’s last week.
The Markets U.S. stock markets remained calm as a fresh chapter opened in the coronavirus stimulus saga last week. Congress managed to cobble together a new stimulus package that was acceptable to both sides and pass it. The proposed package included money to help states distribute vaccines, an unemployment benefits extension, $600 checks for eligible
Market Commentary – Dec 28, 2020 Read More »
The Markets Last week, vaccine optimism immunized investors against signs of economic weakness. In previous commentaries we’ve written about narrative economics, which holds that popular stories may affect individual and collective economic behavior. Last week, diverse narratives had the potential to influence consumer and investor behavior, but not all did. You may have read that:
Market Commentary – Week of Nov 30, 2020 Read More »
The Markets The U.S. economy is like a semi-trailer truck. No one likes being stuck behind a semi at a stoplight because big trucks don’t go from zero to 60 in 2.5 seconds. Neither does the U.S. economy. When the pandemic brought our economy to a near virtual standstill early in 2020, the U.S. government
Market Commentary – Week of Nov 23, 2020 Read More »
Tis the season of gratitude. Thanksgiving is perhaps one of the most underappreciated holidays, but most needed. Given the year we have endured it may be difficult to be naturally thankful. This year may require us to purposefully and intentionally seek to be grateful. There are so many things beyond our individual control – the
Intentional Gratitude Read More »