Archive for December, 2013

$85 Billion in Fed Stimulus but still no inflation. What’s up?

Tuesday, December 17th, 2013

These days we hear a lot about Federal Reserve stimulus and the hazards that come with it, not the least of which is inflation.  Well, according to recent data, it turns out that inflation is not rising and in fact is falling. With the Fed buying back $85 billion per month in mortgage backed securities and bonds, how can this be?  Today’s news segment on NPR’s Morning Edition tries to explain.  To listen CLICK HERE

Tax overhaul bill put on hold

Monday, December 16th, 2013


Buried in an article about the  House Ways and Means Committee Chairman Dave Camp postponing and extenders bill was some very interesting information about another bill that he is working on.  One that would reduce the maximum income tax rate to 25% but also do away with or eliminate mortgage interest deductions–sacred to most homeowners as well as the 1031 tax code that allows real estate investors to put off the capital gains tax on the sale of real estate.

Whether these changes become law or not is an open questions but the fact that these changes are even being considered speaks volumes about the possible scope of changes that will be necessary to reduce our nations debt.

To read the Los Angeles Times article in its entirety CLICK HERE.