Harry Sidhu, Ameriprise Financial

02/02/2026

MAJOR NEWS: Former Fed Governor, Kevin Warsh, has been nominated by the President of the United States to be the next US Federal Reserve Chairman. Warsh has been highly critical of the Fed in recent months, writing in an op-ed in the Wall Street Journal last year that the Fed should “discard its forecast of stagflation” and arguing that it is overlooking that AI will be a “significant” force that will boost productivity and push down inflation.

Warsh has criticized Powell personally for making “unwise choices,” such as missing the persistence of post-pandemic inflation. Warsh has said he rejects the belief that inflation is caused by the economy growing too fast and workers getting paid too much. Rather, he argues inflation is caused by the government spending too much and printing too much money.

Recently, Kevin Warsh has been a fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business. Warsh holds a degree in public policy from Stanford, as well as a law degree from Harvard.

08/24/2025

Wealth advisors say handing down real estate is increasingly filled with both financial and emotional pitfalls for families, ranging from taxes and maintenance costs to disputes over ownership and usage. The straightforward solution is just to sell it and divide the proceeds.

But lawyers and wealth planners say there are measures families can take to more effectively pass down real estate to minimize taxes, costs and family battles.

Here are five secrets to successful real estate inheritances, whether it’s an apartment on Park Avenue, a beach house on the Vineyard or a ranch in Montana:

Lawyers to the rich share tips on how to pass down homes without sibling drama and a massive tax bill.

08/21/2025

The paper’s data set consists of 584,499 loans made from 2005 to 2017. Of those, 22,431 were considered fraudulent.

The findings are based on a subsample of data, meaning the number of mortgages fitting the central bank’s criteria could be higher. The researchers also caution that there are likely cases of accidental occupancy fraud, such as when borrowers were unable to sell their original home because of a worse-than-expected real estate market.

Philadelphia Fed researchers in a 2023 report assessed the number of “fraudulent investors” in the mortgage market, which they defined as those who had more than one owner-occupied home purchase loan within four quarters after the first one was originated. Federal Housing Finance Agency Director...

08/19/2025

When Federal Reserve Chair Jerome Powell gives his last speech in Jackson Hole, Wyo., this Friday, investors will be listening for whether he signals an interest rate cut next month. But Powell could lay out more overarching changes to the central bank’s dual mandate that will last long after his tenure is up next May — and mark part of his legacy.

https://yhoo.it/4oONhQy

Powell signaled the change in a speech in May.
“In our discussions so far, participants have indicated that they thought it would be appropriate to reconsider the language around shortfalls,” Powell said. “And at our meeting last week, we had a similar take on average inflation targeting.”

Some Fed watchers believe the Fed’s strategy of letting inflation run a bit above 2% to make up for previously lower inflation led in part to the central bank’s delayed action to raise rates when inflation took off following the pandemic.

“While the adoption of the new framework in 2020 was not the primary factor behind the Fed’s delay and the substantial inflation overshoot, it contributed to this outcome,” said Matt Luzzetti, chief US economist for Deutsche Bank. Luzzetti says, as a result, he expects Powell’s speech to restore a more preemptive strategy for monetary policy, along with recognizing risks of supply shocks and a return to a balanced view of inflation and the job market.

James Fishback, CEO of hedge fund Azoria, agreed, noting that Chair Powell needs to acknowledge what he calls the “mistake” of average inflation targeting.
“The Great Inflation of 2021–2022 did not begin in a supermarket or at a gas pump — it began in August 2020 in Jackson Hole, Wyoming,” Fishback said. “In his new framework review announcement on Friday, Chair Powell must acknowledge the tragic mistake of Flexible Average Inflation Targeting and strike it from the Federal Reserve’s playbook if the Fed is to faithfully fulfill its dual mandate.”

At Jackson Hole, Jerome Powell could lay out more overarching changes to the central bank’s dual mandate that will last long after his tenure is up next May and mark part of his legacy.

08/16/2025

Multi-generational wealth planning is key and is easier to address now than ever before. Let’s connect and begin outlining your goals.

07/30/2025

Great Information

Across more than 30 charts, Wall Street experts explain the stock market's resilient run to record highs this summer and brewing concerns in the economy caused by Trump's policies that could halt the rapid recovery in risk assets.

07/16/2025

How to revenge-save your way to financial security:

For some people, revenge saving is part of a personal rebrand after a financially reckless phase. It can feel empowering, especially for people who want to take back control of their money.

“The reality is that while revenge spending was popular post-pandemic, the minute you spent, the thrill was over,” said Bobbi Rebell, CFP®️ and personal finance expert at CardRates.com. “The beauty of revenge saving is that the minute you start saving, the thrill begins and will continue. The benefits grow as the savings increase through contributions, and, if money is invested well, through powerful compound growth.”

So, how can you implement revenge saving in a healthy and effective way?

https://yhoo.it/4eQKd1r

Revenge spending had its moment in the aftermath of the COVID-19 pandemic. But now Americans are changing their tune with revenge saving.

07/02/2025

Changes for both the individual and corporate tax structure:
..The bill also provides new tax credits for individuals by fulfilling signature Trump campaign promises — albeit slightly less fulsomely than in the House version — to eliminate taxes on tips, overtime, and car loan interest. It also offers an expanded standard deduction for seniors after Trump promised to eliminate taxes on Social Security benefits.

Employees would be able to deduct up to $25,000 annually for tips and overtime in the Senate version, in contrast to the House's approach of 100% deductibility under certain income limits.

The Senate version also includes an array of other tax changes, including a $40,000 annual deduction for state and local taxes (SALT) for some taxpayers in the coming years, enhanced credits for "opportunity zones".

Business owners, meanwhile, are keenly focused on a series of tax deductions that will reinstate credits for corporations for things like property depreciation, capital investments, new factory construction, interest expenses, and research and development costs.

Many of these provisions were present in the House version, but only temporarily. Permanency was a key Senate priority and is now included in the bill, even as it increased the price tag.

Senate Finance Committee chair Mike Crapo shepherded the tax changes and celebrated the passage with a statement after the vote that said corporate provisions give "businesses the certainty they need to make the long-term investments that power economic growth."

The bill also makes permanent the pass-through deduction at a rate of 20%. That deduction — formally known as the 199A deduction — is focused on often smaller businesses organized as S corporations or partnerships.

Senate leaders advanced President Trump's 'One Big Beautiful Bill' on Tuesday in a vote that moved the legislation one step closer to becoming law.

06/11/2025

Major News: (Bloomberg) -- The US and China agreed to a preliminary plan to ease trade tensions, which could revive the flow of sensitive goods between the world’s two largest economies.

American and Chinese negotiators in London said both sides agreed on a framework on how to implement the consensus the two sides reached in the prior round of talks in Geneva.

The US and Chinese delegations will now take the proposal back to their respective leaders, according to China’s chief trade negotiator Li Chenggang.

The London meetings showcased the growing role of export controls in modern trade warfare, where access to rare minerals or tiny microchips can give one economy a big edge over a rival. China controls much of the world’s supplies of raw materials used to make magnets and other inputs for advanced manufacturing like electric vehicles, lasers and mobile phones.

That leverage came to bear over the past several weeks, as complaints from American companies about looming magnet shortages led the US President to request a call with Chinese leader Xi Jinping.

In response, Washington moved last month to limit exports of chip design software, jet engine parts, chemicals and nuclear materials — restrictions the US opened the door to lifting in London in exchange for relief on rare earths.

Josef Gregory Mahoney, a professor of international relations at Shanghai’s East China Normal University said, “We’ve heard a lot about agreements on frameworks for talks. But the fundamental issue remains: chips vs. rare earths. Everything else is a peacock dance.”

(Bloomberg) -- The US and China agreed to a preliminary plan to ease trade tensions, which could revive the flow of sensitive goods between the world’s two largest economies. Most Read from BloombergTrump’s Military Parade Has Washington Bracing for Tanks and WeaponryNY Long Island Rail Service ...

05/27/2025

https://yhoo.it/3HbJvzj

(Bloomberg) -- An upbeat earnings report by Nvidia Corp. would bode well for a rally in US equities as investors have about $7 trillion parked in cash funds, according to BBVA strategists.Most Read from BloombergUAE’s AI University Aims to Become Stanford of the GulfNYC’s War on Trash Gets a Gla...

05/16/2025

This is not an investment recommendation, instead this is a very good summary of how our current moment is replicating one not too long ago with the same narratives and claims.

https://tgam.ca/3HeASUk

"No number of facts will change one’s belief if they are determined to believe it."

Updated Price for Platinum (NYMEX: PLK21). Charting, Price Performance, News & Related Contracts.

05/12/2025

The move will drop American tariffs on Chinese goods, which currently run as high as 145%, to 30% and slash China's retaliatory duties from 125% to 10%.

US and China agreed to a 90-day pause on their trade war following high-stakes talks this past weekend in Switzerland.