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🎓Did you know? 📜 Before the Federal Reserve, during December of 1790, Alexander Hamilton attempted to establish a central bank. However, it was rejected. The idea was also proposed during the 19th century, but in both cases, congress let it die. Both failed because the debate was the same- Main Street vs Wall Street. When Woodrow Wilson was President, he took a different approach. Rather than a singular central bank, he created twelve: Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St.Louis, Minneapolis, Kansas City, Dallas, and San Francisco. This structure allowed- and currently allows- all parts of the country to have a voice that could be heard, as well as inform the government about all facets of the national economy. Following that, the Federal Reserve (Fed) was established just before the roaring 20s- a period of excess in which the economy expanded too fast (a well-covered topic in our primary school history books) that led to the infamous Great Depression. The Federal Reserve didn’t have the power that it has today to avoid that catastrophe- primarily because we were still stuck on the Gold Standard. It failed to do its only two jobs: maintain macroeconomic stability and keep inflation low and stable. As Ben S. Bernanke- the chairman of the Fed during the 2008 Recession- says in his book, “It did not use monetary policy aggressively to prevent de-flation and the collapse in the economy, so it failed in its economic stability function. And it did not adequately perform its function as lender of last resort, allowing many bank failures and a resulting contraction in credit and also in the money supply.” (The Federal Reserve and The Financial Crisis, pg. 22) Bernanke learned through the mistakes of the past in order to appropriately respond to the 2008 financial crisis and avoid an even worse Great Depression. 💡 As they say, those who do not learn history are doomed to repeat it. 📖 #economy #recession #depression #thegreatdepression #finance #economics #history #funfact #financialcrisis #bubble #stockmarket #housingmarket #fed #federalreserve #thefed

RADSTOCK MONTHLY Back to school and things are ridiculously busy. So I'll be brief. We've had the most wonderful trip around Europe and we only saw white swans (whereas in the spring of 2020 our local town was visited by black swans). 1. Noise about the upcoming Budget is at fever pitch. It will be about pension reliefs, benefits and spending as well as the "growth killer" attacks on non-dom, CGT and IHT reliefs. If there was a betting market on where CGT rates are going to, the mid would be at 18/28%, where they were up to April 2016. If advising a business seller, put that into your cashflow model and consider whether a sale today really gets shareholder/directors the highest NPV after dividends, salary etc. 2. In certain circumstances, there is a way to offset unrelieved, unexpected IHT, and buy time for gifts or relocation, in the form of term assurance. 3. Market corner - it's "normal" to see volatility leading up to the US presidential election. It's currently neck and neck, Trump maybe a nose in front after Harris had a decent start. But we've said before - winter is coming - will there be a US recession that takes 30% off the value of everything? The yield curve says yes; market dynamics and US real estate say not yet. The playbook is more like 2016 and / or 2018-19; await certainty and expect the Fed to act in the end. Please get in touch if there's anything we can do to assist! Best, James

🚨 The Fed's Big Rate Cut 🚨 The Federal Reserve just slashed interest rates by 50 basis points—one of the largest cuts in recent history! 🌍 But how does this impact businesses in key states like Minnesota, South Carolina, Arkansas, Colorado, and Oregon? 📉💼 From agriculture and manufacturing to real estate and renewable energy, this rate cut is reshaping local economies and creating new opportunities. 📊 Find out how these changes could affect YOU! 👇 Read more on how to take advantage of the new economic landscape: https://wix.to/umxFaTq #EconomicGrowth #FedRateCut #BusinessFinance #SmallBusiness #StateEconomy #Minnesota #SouthCarolina #Arkansas #Colorado #Oregon #FinancialNews #InterestRates Check out my blog post https://wix.to/b9qoGUe #newblogpost

Hi everyone. Here's a summary from my most recent post on Paulitical Economy™:  📍More than half of Americans may be skipping meals in order to make ends meet. Not good for Ozempic. 📍Special K: Macy’s stores sales: Down. Bloomingdales sales: Up 📍Chapter 4 of The Coddling of the American MindPut some boots on. In Financial Ructions: 📍We take a look at the Federal Reserve Board’s Financial Stability Report: Interestingly, they note that now that US house prices are at all-time highs that very few homeowners are in a negative equity position (note sarcasm). https://lnkd.in/gP45APN9

Is the economy slowing down? The economy is currently in simultaneously relatively stable but showing signs of uncertainty with no clear direction; we'll have to wait for more information to deduce. #EconomicTrends #EconomicForecast #USEconomy #LionsWealth #LionsWealthManagement DISCLAIMER **The commentary presented herein contains the opinions of Lions Wealth Management, Inc., a State of Minnesota Registered Investment Advisor. This information should not be relied upon for tax purposes and is based upon sources believed to be reliable. No guarantee is made to the completeness or accuracy of this information. Lions Wealth Management, Inc. shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions contained herein or their use, which do not constitute investment advice, are provided as of the date of posting, are provided solely for informational purposes, and therefore are not an offer to buy or sell a security. Investments in securities are subject to investment risk, including possible loss of principal. Prices of securities may fluctuate from time to time and may even become valueless. This information has not been tailored to suit any individual.

If you want to live in San Francisco with your family, prepare your wallet because you are going to need about $339,123 a year I am not a big defender of those rules that say 50% of your spending must be for housing and needs, 30% for discretionary spending, and 20% for investment since everyone's situation is unique. But if we use this rule, according to Smartassets, the 5 most expensive cities for a family of 4 would be: 1.- San Francisco, $339,123 2.- San Jose, California, $334,547 3.- Boston $319,738 4.- Arlington, Virginia $318,573 5.- New York City $318,406 By the way, I don't know how, but no city in Florida appears among the top 20, not even Miami. How much money family of 4 needs to live comfortably in U.S. cities (cnbc.com) #wealh #financialtips #money #financialeducation #advise-financial #saving #financialindependence #inflation #costofliving #finance #socialsecurity #hourly #theretirementmaster #personalfinance #personalfinancetips #financialplanning #financeeducation #financetips #retirement #retirees #socialsecuritytips #executives #managers #topexecutives #401K #Florida #Texas #advise-financial #alonsorodriguez #alonsorodriguezsegarra #businessprofessionals #CEO #employees #hourlyfinancialplanning

According to the Federal Reserve’s data, you need a net worth of $6M to join the 1% in the US. Wealth disparity continues to grow because the wealthy have #assets and the non wealthy have #liabilities. The system is set up so all assets inflate as the dollars purchasing power continues to fall. Its why the disparity continues to grow and why Nancy Pelosis networth doubled to $180 million in the last few years... Its why we should all be buying assets like equities and #realestate. https://lnkd.in/gWuQKR4K

BROWNSTONE SENIOR SCHOLAR SPOTLIGHT David Stockman David Stockman, Senior Scholar at Brownstone Institute, is the author of many books on politics, finance, and economics. He is a former congressman from Michigan, and the former Director of the Congressional Office of Management and Budget. He runs the subscription-based analytics site ContraCorner. SAMPLE ARTICLE #1 Notwithstanding its shortcomings, a revenue tariff is a start in the right direction. Trump’s bold stance in favor of taxing consumption rather than income is superior to the status quo. Trump’s 19th-Century Solution to Fiscal Disaster https://lnkd.in/efkptPDY SAMPLE ARTICLE #2 The interest cost of a standard mortgage on a median-priced home went from one-eighth of pre-tax wage to nearly two-fifths. Housing Versus “Housing” in Fed Data https://lnkd.in/eaCVwGwP SAMPLE ARTICLE #3 The Wall Street mantra still claims that rate cuts are necessary to prevent the economy from tipping over into recession. But this claim is not supported by the evidence. Rate Cuts Will Achieve Nothing https://lnkd.in/eAn-anRW

Each quarter WFG Chairman and Founder Patrick Stone and Economist Bill Conerly provide valuable insights and analysis on the economy and the housing market during WFG’s Economic Outlook webinar. In this short excerpt from WFG’s Q1 webinar, which took place live during WFG’s Executive Summit event, Pat discusses median home prices by region. Register for WFG’s upcoming Q2 Economic Outlook Webinar today to be among the first to hear what they have to say. Register here: https://bit.ly/4bvm7q7 #wfgtitle #wfgntic #titleinsurance #economicoutlook #realestateoutlook #mortgageoutlook #realestatetrends #realestateforecast

The days of decades-high interest rates are over, as the Federal Reserve is ushering in a new era for financial markets — and, in turn, shaking up some of the advice money managers are offering their clients. The #Fed has signaled it will continue cutting #interestrates through 2025 and into 2026, and that next rate cut is likely to come in 2 weeks when central bankers convene once again. So what does a new era of lower rates mean? I spoke with advisers for Virginia Business who offered advice for investors in Virginia (and beyond!). https://lnkd.in/dWZgnUQs