Can the Government Stop Another Great Depression?

January 26th, 2009

The following article is excerpted from a recent issue Elliott Wave International’s Financial Forecast.

Elliott Wave International (EWI) is offering the full 10-page issue, entitled “The Most Important Investment Report You’ll Read in 2009,” free for a limited time. In addition to the following market commentary, it includes independent forecasts of stocks, bonds, metals, the U.S. dollar and economic trends.

Visit EWI to download the full report, free.

By Steve Hochberg and Pete Kendall
Editors of The Elliott Wave Financial Forecast

As Conquer the Crash so boldly counseled, prosperity entails managing one’s finances and livelihood so as to be in tune with a 1930s’ style deflationary depression. But conventional wisdom disagrees. “There’s no comparison” to the Great Depression, says the world’s leading financial authority, U.S. Federal Reserve Chairman Ben Bernanke: “I’ve written books about the Depression. We didn’t have the social safety net that we have today. So let’s put that out of our minds.” He cites as evidence a 25% unemployment rate, a one-third decline in U.S. GDP and a 90% decline in stock prices, all of which occurred during the 1930s’ depression.

Read the rest of this entry…

TwoKads:
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

Email This Post Email This Post

Making Preparations and Taking Action in Today’s Deflationary Environment

December 16th, 2008

Editor’s Note: The following article is adapted from Robert Prechter’s 2002 best-selling book, Conquer the Crash – You Can Survive and Prosper in a Deflationary Depression.

In addition to this article, visit Elliott Wave International to download the free 15-page report about how to protect yourself, you wealth and your family in this environment. It contains details about what you should do with your pension plan, valuable tips for business owners, insights on handling loans and debt and important warnings against trusting the government to protect you.

By Robert Prechter, CMT

The ultimate effect of deflation is to reduce the supply of money and credit. Your goal is to make sure that it doesn’t reduce the supply of your money and credit. The ultimate effect of depression is financial ruin. Your goal is to make sure that it doesn’t ruin you.

Read the rest of this entry…

TwoKads:
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

Email This Post Email This Post

Retaining a Tax Attorney - When & Why to Get Tax & Legal Help

September 26th, 2008

There are several ways in which a tax attorney can assist you. Firstly, the attorney will assists with any legal actions, such as tax prosecution or charges. They are also able to conduct a defense if they are retained by a client in this capacity, in case of tax fraud or other charges being brought by the Internal Revenue Service. The other advantage of retaining a tax attorney is that they can assist in client defense, representing people being investigated or those charged by the IRS. Lastly, the specialist tax lawyer can assist in financial matters; ensuring your company or business is tax law compliant across a range of industries. Current tax law knowledge is vital for a good tax attorney, at both state and national levels; plus they must be able to keep abreast of changes to the tax system.

A strong background in finance is also important in a good tax attorney, along with a strong focus on the details and a good head for financial analysis and strong negotiation skills. The Board of Legal Specialization manages the registration of tax attorneys, who must lodge their application with the board in the state where they’re based. The attorney must demonstrate they have a solid working history and understanding of the tax field, as well as conducting a large part of their work within the tax law specialty. Additional requirements differ in each state, but generally include evidence of further education and an examination on tax law.

Tax attorneys may regularly be contracted to work with government departments to aid in the preparation and collation of a case that is to go to litigation. In such a case it is anticipated the lawyer will have trial expertise; although they may be working primarily on the preparation of the brief for the trial attorney. Another area in which tax attorneys regularly work in the assistance of companies requiring a qualified tax attorney to carry out auditing of their business logs, to be certain that all their company tax requirements are being met. This is a good preventative measure to ensure that the organization doesn’t unintentionally make a mistake with the complexity of the tax law; hence it is a smart option for both large and small businesses. Tax law can be complicated and a tax attorney will handle complicated taxation or potential problems that may “red flag” a business tax return, leading to further review of even the most legitimate businesses.

Read the rest of this entry…

TwoKads:
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

Email This Post Email This Post

When You Should Hire a Bankruptcy Attorney

September 25th, 2008

When there are tough times financially, a number of people know how it can be to fall behind with the bills. However, if your financial situation is more dire and you’re at risk of losing your cars or even your home, then you probably need a little more than just some budgeting advice. One good option is to arrange a meeting with a bankruptcy attorney. This specialist lawyer can help you by outlining your responsibilities, options and the legal obligations you have in the worst case scenario. If you decide to pursue this option, you should be sure to look into the different bankruptcy attorney niches - ensuring you have the right one for your specific situation.

Retaining a specialist bankruptcy lawyer is essential if you need your application handled correctly when filing for bankruptcy. It pays to contact the state bar association to find a specialized certified lawyer that can deal with your particular bankruptcy issue. For a solicitor to specialize in particular areas of bankruptcy law, they are required to undertake an examination in which they must demonstrate their competence in their specialization. Usually some form of further education is a pre-requisite for entering into this specialization.

When hiring a lawyer to handle your bankruptcy case, it is crucial to ensure you do so in plenty of time in order to assure that your case has sufficient time to be covered correctly. It is therefore important to seek a good lawyer early on to leave you plenty of time to review your situation and to establish your case. A good attorney with solid bankruptcy knowledge should be prepared to provide you with full details of your options and alternatives to filing for bankruptcy. Should you need to go ahead with filing your bankruptcy case, then the attorney should be able to assist you with everything you require and help you to understand everything you need and what you are obligated to do in order to file the case.

Read the rest of this entry…

TwoKads:
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

Email This Post Email This Post

Indepth into Tax Solicitors

September 25th, 2008

Many tax lawyers understand the importance of building a diverse workforce. The changing demographics within California have signaled to solicitor4s that diversity is an important goal that will affect the firm’s viability and ultimately the bottom line. That’s why so many California Tax Attorney groups have learn to adapt quickly. In response, many firms have launched diversity recruitment efforts designed to bring more women and attorneys of color into the firm. The problem has been that within a few years of being hired solicitors that qualify as “diverse” leave the firm in search of more inclusive, diverse and culturally competent work environments. Below are some critical reasons why attempts at creating diversity have failed.

1 - Lack of Commitment at the top: In order for diversity initiatives to succeed, there must be vigorous support for it at the senior level of the tax lawyers are the change agents of the Law Company. Committees formed to address issues of diversity, recruitment, retention and cultural competence must be lead by key leaders within the firm.

2 - Failure to assess the ftax lawyers environment: Assessment is critical in helping to create and implement an effective diversity initiative plan. It’s critically important to understand an organization’s level of development before launching a diversity or cultural competence initiative. Firms must be prepared to assess their hiring practices, overall culture, interpersonal relationships, views about diversity and promotion practices

Read the rest of this entry…

TwoKads:
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

Email This Post Email This Post