Another month, another update. A few random comments.| Frugal Professor
Strong Growth This Year, Muted Expectations Moving Forward. Our updated forecast anticipates revenues from the state’s three largest taxes will post strong growth in the current fiscal year. Moving into the budget year, however, our revenue forecast is essentially flat, reflecting mounting risks and headwinds. Total collections across the budget window roughly match the assumptions in the January Governor’s Budget. The timing of those collections, however, is somewhat different, with m...| lao.ca.gov
A lot of people follow Warren Buffett’s investing moves. Why not? He’s the best investor in history. If you disagree, come at me in the comments. I don’t follow Buffett’s moves too much for a few reasons: He has research on companies he invests in that you and I don’t. I’ll admit that I don’t […]| Lazy Man and Money
Investors such as mutual funds, index funds, and hedge funds tend to pick a particular strategy or asset type and stick with it. It’s what they know, it’s what they’re known for, …| Economist Writing Every Day
But even so, it's probably time for the Fed to start cutting rates.| www.noahpinion.blog
When America sneezes, the world catches a cold. Or so they say. But what happens when the US throws up all over itself, and then has to be rushed to hospital to get its stomach pumped? There’s a bus trundling down the highway, or maybe a bull, but whatever it is, it’s about to hitMore| New Matilda
Throughout 2021, U.S. stock market valuations have hovered near all‑time highs. In June, the unadjusted price-to-earnings (P/E) ratio of the S&P 500 index eclipsed the tech boom record of 2000. Many other asset classes have attained, or nearly attained, record valuations as well. Stratospheric valuations may be partially attributable to the unique circumstances surrounding Covid-19...| American Affairs Journal