For this week: Taxes are going up, A financial rule of thumb, and the out of consensus view on inflation
Democrats Want to Raise Taxes. Here’s Your To-Do List.
A concise story by Laura Saunders of the Wall Street Journal on the coming tax changes from Congress and your to-do list:
What Is the Rule of 72? An Introduction For Investors
|When it comes to saving for retirement, the power of compounding interest should never be underestimated. And as a responsible investor, it can be helpful to know how long it would take to double your investment at a fixed rate of return. The Rule of 72 can be used as a quick rule of thumb to help determine this answer|
David Woo on What the Economists Got Wrong About the Stimulus
Continuing our series on inflation, we should consider the opposite viewpoint from the modern monetary theorists that we discussed last week. This podcast from Odd Lots by Joe Weisenthal and Tracy Alloway of Bloomberg is a interesting interview with David Woo a former top research strategist at Merrill Lynch Bank of America who recently resigned to start his own business (sound familiar?), David Woo Unbound. David has always challenged Wall Street consensus and his views on inflation are certainly far from main stream thinking but interesting none the less.
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