February 28, 2018 | Economic and Financial Digest

February 2018 Economic and Financial Digest

On January 21, the nation entered year two of the Trump administration. If year one is any indication, the rest of 2018 should be anything but boring. The president has a knack for stirring up headlines either intentionally or unintentionally, primarily through tweets and public comments. That said, the tumultuous political environment last year did […]

February 12, 2018 | Econtrarian

No Sugar High from Tax Cut Unless the Fed and Banking System Provides the Sugar

There has been chatter about whether the Tax Cuts and Jobs Act of 2017 (TCJA) will result in a temporary stimulus, or sugar high, to U.S. economic activity because of the increase in corporate after-tax profits and the increase in household disposable income that will flow from the tax-rate cuts. How can putting this extra […]

January 31, 2018 | eFocus @ Legacy

Advice for this Year’s Tax Reform

By: Kathleen A. Brost, Trust and Financial Advisor, Legacy Private Trust Company January is a great time to take stock of where you currently are from a financial, tax, and estate plan perspective. With the new tax reform bill officially signed into law, this is especially good advice this year. Here are five things to do […]

January 31, 2018 | Economic and Financial Digest

The Tortoise and the Hare

As the curtain descends on an eventful 2017, the spotlight shifts to a new year. The first act looks promising, as the economy is entering 2018 with considerable momentum. Consumers reopened their wallets and purses during the winter months after taking a breather in the third quarter. Households struck a festive chord in November and […]

January 20, 2018 | Econtrarian

An Alternative Explanation for Walmart’s Announced Employee Bonuses and Wage-Rate Increase

On January 11, Walmart announced that it was raising its starting wage rate to $11 an hour, giving a one-time bonus up to $1,000 to employees, expanding its parental/maternal leave policy and providing employees adopting a child up to $5,000 per child in fees associated with the adoption. In making these announcements, Doug McMillon, Walmart […]