Monthly Archives: August 2010

Slowing But Still Positive Manufacturing Sector Saps Recovery; Below-Trend Performance In Second Half Expected

August 20, 2010 The already choppy economic recovery will continue its slow advance this year, but growth will deteriorate as its primary contributors — government stimulus and manufacturing — lose steam. Furthermore, no new economic drivers have emerged to propel the recovery into a self-perpetuating expansion, suggesting below-trend GDP growth will persist through the second […]

Capital Gains Tax Set to Rise at Year End; Transaction Activity May Edge Higher as Long-Term Owners Lock in Profits

August 15, 2010 With the Bush tax cuts set to expire on December 31, 2010, capital gains taxes will revert to 20 percent from their 70-plus-year low of 15 percent. In addition, barring legislative intervention, the tax rate on dividends will jump from 15.0 percent to 39.6 percent for top earners. When substantial tax code […]

Tepid Private Sector Job Growth Falls Short Of Government Employment Cuts

August 6, 2010 The scheduled elimination of temporary census positions in July led to weakened employment figures for the month while private employer hiring edged upward only moderately to offset a portion of the losses. Contributing 71,000 positions, private employers exceeded their June tally, but remain below the levels required to keep pace with normal […]

Economic Growth Broadens To All Sectors But Pace Slows; Further Slowing Anticipated, But Double-Dip Remains Unlikely

July 30, 2010 Economic growth eased in the second quarter from the pace set in the first three months of the year, fueling concerns the fragile economy could slide into a double-dip recession. Despite the cautionary signals raised by the weakening headline number, the underlying components of gross domestic product (GDP) demonstrate that the economy […]