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" ... As we all now know, the monthly jobs report was very strong: the largest monthly gain ever recorded. This supported the view of many commentators that the economy was already recovering. Some now believe that the recession is over—and we all hope they are right! However, I have always stressed that one monthly reading, especially of survey data, should be treated with caution until more data points are available. You need more than one data point to signal a change in trend. ... "
" ... It’s that time of year when commentators start looking forward to the New Year and what it might bring. Here are some thoughts about what we might expect from 2021 – with all the usual caveats about how dangerous it is to make predictions. ... "
" ... Madhukar Pai: Some commentators argue that different levels of inequality reflects different national cultures. For example, Scandinavians are egalitarian, so Scandinavian countries are more equal. Americans, in contrast, are more individualist and so America will always be unequal. You disagree with that kind of thinking. Why? ... "
" ... Some commentators have speculated that a capital gains tax could also be made retroactive to January 1, 2021, but many think that is unlikely. Others suggest that such a change might be made effective January 1, 2022. Or there could be an effective date based on the date of enactment of the tax legislation. This will affect planning dramatically. It might prove to be advantageous to sell appreciated assets now and lock in the current capital gains tax rate. ... "
" ... Some commentators wonder if this latest move from the EU is a diversion. ... "