Just a few interesting tidbits, hopefully non-controversial...

[IUJIM]

Deaths in US:
2018- 2.839 million
2019- 2.855 million
2020- 3.271 million.....pretty sure Covid is "real"

1/25/21- S/P 500 hit record high of 3855. Only 13 out of 500 stocks also hit a record high that day. Not a real healthy sign.

Average interest rate of US Govt debt as of 12/31/20 was 1.695%. As of 12/31/15- 2.331%. Govt can borrow 37.5% more and still have same out-of-pocket interest expense.

March 2020 CARES Act- 36% went into savings, 35% used to pay down debt.

NYC residents- Top earners may have a marginal state tax rate of 8.82%. Also, in the city, an additional 3.876% city tax. Cuomo wants to raise the state tax to 10.86%, effective 4/1/21. If passed, NYC residents would be at 14.736%, highest in the nation.

 

[Sope Creek]

Deaths in US:
2018- 2.839 million
2019- 2.855 million
2020- 3.271 million.....pretty sure Covid is "real"

1/25/21- S/P 500 hit record high of 3855. Only 13 out of 500 stocks also hit a record high that day. Not a real healthy sign.

Average interest rate of US Govt debt as of 12/31/20 was 1.695%. As of 12/31/15- 2.331%. Govt can borrow 37.5% more and still have same out-of-pocket interest expense.

March 2020 CARES Act- 36% went into savings, 35% used to pay down debt.

NYC residents- Top earners may have a marginal state tax rate of 8.82%. Also, in the city, an additional 3.876% city tax. Cuomo wants to raise the state tax to 10.86%, effective 4/1/21. If passed, NYC residents would be at 14.736%, highest in the nation.

Good stuff. Thanks Jim.

Regarding the CARES Act stuff . . . with 71% going into savings or to pay down debt (presumably personal debt), 29% is not accounted for. Does that imply that (a) the author doesn't know what happened to that money, or (b) the author believes that money was actually spent, providing some economic stimulus? Is there a breakdown as to which taxpayers used the money for savings, which used it to pay down debt and which used it to purchase goods or services?

BTW, I should think that this data indicates that the next round of stimulus can be more targeted based on the 36% who saved their CARES Act monies. I'm a bit conflicted about more stimulus for those who paid down debt . . . if the monies were used to pay down credit card debt and make room for additional purchases, then that would be similar to the intended economic stimulus purpose, although perhaps spread out over a longer period of time . . . those who actually spent the money go live on should get an additional round of payments.

 

[anon_mlxxvlbug9dpa]

Deaths in US:
2018- 2.839 million
2019- 2.855 million
2020- 3.271 million.....pretty sure Covid is "real"

1/25/21- S/P 500 hit record high of 3855. Only 13 out of 500 stocks also hit a record high that day. Not a real healthy sign.

Average interest rate of US Govt debt as of 12/31/20 was 1.695%. As of 12/31/15- 2.331%. Govt can borrow 37.5% more and still have same out-of-pocket interest expense.

March 2020 CARES Act- 36% went into savings, 35% used to pay down debt.

NYC residents- Top earners may have a marginal state tax rate of 8.82%. Also, in the city, an additional 3.876% city tax. Cuomo wants to raise the state tax to 10.86%, effective 4/1/21. If passed, NYC residents would be at 14.736%, highest in the nation.

I have six folks who are either good friends or friendly colleagues that live in Manhattan or Brooklyn.

All 6 currently have their place up for sale. They can’t get out any quicker.