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I never get a refund and have not filed but I submitted 1099s for all of my independent contractors. Those are normally marked as accepted in a day. It took nearly 3 weeks this year.
Economic News
- Thread starter nycfan
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—> “… One reason to be at least a little skeptical about the great January employment report, beyond the Trump administration’s political meddling with the independent agency that oversees such data, is that the economists taking the pulse of the U.S. economy in every corner of the country did not spot any signs of this hiring binge in their most recent report, known as the “beige book.” Instead, the January beige book, compiled from data from all 12 districts of the U.S. Federal Reserve, is replete with examples of companies either halting hiring altogether or hiring only to replace departed employees. (Another constant is the headache caused by higher costs due to the Trump administration’s sweeping tariffs.)
… “The real puzzle is the low hiring rate. It is unusual to have fairly low unemployment and so little hiring, and that is what makes this moment so different than any labor market in decades,” said Kolko, who was previously the undersecretary for economic affairs at the Commerce Department.
Another reason to be underwhelmed by the jobs report is that, when the employment numbers are broken down by sector, it becomes clear that the United States has essentially become a giant health care facility, but is shedding jobs in every other sector of the economy. The only area that showed growth was health care, while sectors such as mining and manufacturing continued to shrink, as they did all last year as well. More than the entirety of all jobs created since Trump returned to the White House are in health care and private education.…”
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But Trump wants housing prices to continue to go up.
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Set the table with paper plates and plastic forks, knowing a wind storm is about to hit.
Of course with this administration, the banquet is probably McDonalds anyway.
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“… One reason to be at least a little skeptical about the great January employment report, beyond the Trump administration’s political meddling with the independent agency that oversees such data, is that the economists taking the pulse of the U.S. economy in every corner of the country did not spot any signs of this hiring binge in their most recent report, known as the “beige book.” Instead, the January beige book, compiled from data from all 12 districts of the U.S. Federal Reserve, is replete with examples of companies either halting hiring altogether or hiring only to replace departed employees. (Another constant is the headache caused by higher costs due to the Trump administration’s sweeping tariffs.)
… “The real puzzle is the low hiring rate. It is unusual to have fairly low unemployment and so little hiring, and that is what makes this moment so different than any labor market in decades,” said Kolko, who was previously the undersecretary for economic affairs at the Commerce Department.
Another reason to be underwhelmed by the jobs report is that, when the employment numbers are broken down by sector, it becomes clear that the United States has essentially become a giant health care facility, but is shedding jobs in every other sector of the economy. The only area that showed growth was health care, while sectors such as mining and manufacturing continued to shrink, as they did all last year as well. More than the entirety of all jobs created since Trump returned to the White House are in health care and private education.…”
Rosy isn't the word I would have chosen.
Wonder how the public will support that growth once the Republicans pass a new health care act.
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And precious metals and crypto aren’t the robust backup plans that many thought.