by John Hallacy | Jun 21, 2025 | Articles
Cold Rolled Tariffs Amid the many tariffs proposals, discussions, pauses, and negotiations, the tariffs on imported steel and aluminum have been set at the 50% level. I am openly wondering what the effect will be on the many infrastructure projects underway and...
by John Hallacy | May 28, 2025 | Articles
Slap happy tariffs Not since the slapping incident at the Oscars has a tariff been slapped on so quickly. The tariff on the Eurozone is more global in scope. It appears that we hit allies fairly hard with tariff levels. One observer in the Wall Street Journal pointed...
by John Hallacy | May 19, 2025 | Articles
More SALT please Whether you call it a spice or a condiment, SALT has a major presence at the budget table. For those in high tax states, raising the cap to $30,000 from $10,000 only makes a marginal difference. Take the case of a married couple who both work filing...
by John Hallacy | Apr 23, 2025 | Articles
Tariffs Patchwork Quilt The administration’s approach reminds me of the musical Candide. In this work, Dr. Pangloss is continuously reminding us that we live in the best of all possible worlds. This proclamation takes place while disease and other pestilences are...
by John Hallacy | Mar 14, 2025 | Articles
Self Inflicted Pain Given the recent moves in the market there may not be much to celebrate except for somewhat higher yields on the bond side. If we were going to celebrate any significant event, we would not be doing it with champagne or Chateau Haut Brion. A 200%...
by John Hallacy | Mar 3, 2025 | Articles
Zeal for Cuts and Tariffs The current zeal for cuts and tariffs is tantamount to a religious fervor. Yes, there are reasons offered for both policy choices. Cuts are being justified by the presence of rampant fraud and abuse. The consideration becomes cutting for the...
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