Disciplined Systematic Global Macro Views

The answer should be easy. Follow the Keynesian prescription when there is an output gap especially. But the reality is never so simple. The tighter budgets in some Europe is a reaction to the sovereign debt problems in the EU. The basis for the tighter budgets is that capital will re-locate of dangerous sovereigns driving up rates of interest which will reduce investments. Clearly, at the extreme this will be true, but this seems nearly the same as the tightening proposed during the Great Depression. It could have unintended results. I would claim that the market searches for counter-cyclical spending throughout a recession That is helpful because there is less private investment.

The market does not like structural deficits which have been building across Europe and Japan. Some have argued that the main element is to cut spending without increasing taxes. Goldman Sachs economists have found that a 1% slice in spending will result in a .6% increase in growth Raising fees to GDP by 1% will cut growth by .9%. The multiplier results aren’t what’s normally expected. Paul Krugman, on the other hand, argues that any cut in stimulus would be “utter folly”.

Join the Massachusetts / Rhode Island NATP Chapter on Tuesday, October 29th, 2013 for our Annual Meeting & Educational Seminar. All day event will be kept at the vacation Inn in Mansfield This, MA. Registration details will be forthcoming, this calendar year and will be managed online by Country wide. We shall provide a link to the enrollment website once it is ready to go. But until then, please take a look at the facts on our speaker and topics provided in this great 8 CE Hour opportunity including continental breakfast, snacks, lunch, vendors, and great networking opportunities. To register by phone, fax, or mail, click for the enrollment form.

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For online sign up with credit card, click here. After October 28, please print the form (see hyperlink above) and register at the entranceway. Speaker – Kathryn M. Keane, EA. Kathryn is a principal of Macanta, little tax and related services practice positioned in Brooklyn, NY, serving over 850 individual clients and 50 businesses.

More clients are investing overseas as well as living and working beyond your US. This 2-CE hour session will look at FBAR requirements for people that have investments abroad: who must document FBAR, what exactly is reported, what’s our obligations. The session shall cover the Foreign Received Income Exclusion, requirements, impact, and mechanics on taxpayers.

We will also address the Foreign Tax Credit: who, what, how and why? Everyone has a client with some foreign income whether is a dividend from a foreign stock or employment overseas, this program will feature a comprehensive federal come back looking at all these global issues. This 2-CE hour session can look at the top features of the ACA that we will see in the 2013 season like the 3.8% investment tax and the .9% Make AN EXCESSIVE AMOUNT OF Earned TAX. We will address what’s considered when determining the thresholds exactly, what’s the limit for every of the various positions. Ever try to describe it to a client?