Should we welcome a weakness in the economy? Schwab’s Center for Financial Research explains their counterintuitive position and offers a 2023 forecast. • Past recessions can tell us how severe the next one will be. That’s according to Aaron Brown of Bloomberg, who shares how he reads the current numbers. • Tax withholding can take the gloss off a year-end bonus. But if you act before December 31st, you may be able to offset some of the tax consequences. Kelley R. Taylor of Kiplinger includes resources to help you with year-end tax planning.
2023 Market Outlook: Cross Currents — Schwab expects economic growth and market performance to improve in 2023 compared with 2022. But things may get worse before they get better, and a downturn would be welcome sooner rather than later. Schwab’s Center for Financial Research explains. Read more…
What the Inverted Yield Curve Says About the Next Recession — A yield curve inversion, when rates for two-year US Treasury notes rise above those for 10-year notes, has preceded every recession since the 1960s. Aaron Brown offers analysis on what the current inversion tells us about the next recession. Read more…
How Your Year-End Bonus Will Be Taxed for 2022 — Tax withholding rules mean that a portion of your announced bonus pay won’t make it into your bank account. Even though you can’t change bonus tax withholding, knowing how much bonus pay will arrive in your account can help with year-end tax planning. Read more…
John R. Day, Bill Ennis, and Matt Heller