Well now we know more about those proposed tax law changes. For those of you who are already depressed about losing some, if not all your mortgage interest rate deduction, how about this one: no more deducting State or Local taxes! Now I wonder which parts of the country this would hurt the most? Ah! […]

The Congressional Budget Office has recently reported that the Federal deficit for the fiscal year 2005 will be $317 billion, which is much lower than in 2004 [when the deficit was $413 billion]. The administration was quick to argue that the improvement is vindication for the President’s fiscal policy, especially the tax cuts. This is […]

The latest inflation numbers are out [for September, you can read about it here] and they make for grim reading: the highest increase for 25 years. The problem stems from energy which saw price rises of 12%. So why isn’t there panic on Wall St.? Because they focus on what they call ‘core inflation’ which […]