During the economic recovery the split between how individual and corporate taxes comprised total federal tax revenues changed, primarily as a result of the 2018 federal tax changes. Before we review what happened in the last decade during the economic recovery, a long-term view of what has changed. Chart 1 below shows the percentage composition […]
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Overview First, a quick long-term overview on trends in U.S. international trade. Chart 1 below shows U.S. net exports from 1980-2019. Net exports are defined as the exports of U.S. goods and services to other countries minus the imports of goods and services from other countries to the U.S. In other words, it shows the […]
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What happened with manufacturing during the economic recovery? Did manufacturing employment rebound during the recovery? Well, yes and no, it depends on how you look at the numbers. First, a long-term overview of what has happened to manufacturing employment in the United States. Chart 1 shows two lines. The blue line indicates the number of […]
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Wealth Distribution Relative to before the financial crisis of 2007-2009, wealth inequality increased during the economic recovery. The Federal Reserve tracks wealth distribution in the United States through their Distributional Financial Accounts (DFA) database. The Distributional Financial Accounts provide quarterly estimates of the distribution of U.S. household wealth, beginning with the third quarter of 1989. […]
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Before the onset of the coronavirus, the United States enjoyed its longest period of economic growth in history – beginning in 2010 and ending in 2020. During that period some things stayed the same, and some things didn’t. This blog series will take a look at what happened to some key economic factors over that […]
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According to the Securities and Exchange Commission (SEC): “Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, on the basis of material, nonpublic information about the security. Insider trading violations may also include “tipping” such information, securities trading by the […]
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Ever wonder what it would be like to not be able to go to your favorite restaurant, or not be able to take a trip to your favorite location? Ever think about how dependent the U.S. economy is on delivery drivers, grocery store workers, and food distribution/warehouse workers? Maybe not, but perhaps the coronavirus changed […]
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It’s like nothing that you’ve seen – the pending federal deficit. During the financial crisis, the budget deficit hit approximately $1.4 trillion – a record at the time. According to the Congressional Budget Office (CBO) the budget deficit for fiscal year 2020 (which ends in September) was expected to top $1 trillion before the coronavirus. […]
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Never again. Shortages of PPE (personal protective equipment), medical testing, and medical supplies such as ventilators occurred across the country. While the U.S. spends more on healthcare than any other nation, inappropriate (or lack of) planning and vulnerable global supply chains left the U.S. without the equipment necessary to protect healthcare workers, first-responders, and its […]
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The U.S.-China Economic and Security Review Commission was created by the United States Congress in October 2000 with the legislative mandate to monitor and report to Congress on the national security implications of the bilateral trade and economic relationship between the United States and China. In 2019 the U.S.-China Economic and Security Review Commission held a hearing […]
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