They might as well get on with it then. If they want inflation, which they say they do, then start pumping money directly to consumers rather than banks.
I spend a lot of money on attorneys in business. $6k seems like a great deal. My guess is it's just a retainer and could go less or more likely more. Either way, you want someone that is reputable and aggressive.
$6k to solve a $2m IRS problem is well worth it.
You need to find a good tax attorney (yesterday) and if you live in NYC it shouldn't be hard to find one that has experience in day trading cases similar to this.
The IRS isn't going to settle a $2m case because you send a letter.
I wasn't even referring to the stock market. It's just a pet peeve of mine that everyone uses the Fed as a boogeyman.
Anyway, look at long term inflation charts. It was not uncommon at all to have double digit inflation or deflation before the Fed, so it was not as magical as people make it...
Are you implying that there were no boom and bust cycles pre-Fed? Go look at some historical charts. The swings were 3x as wide between inflation and deflation.
Nope. Looks like the ones putting their money on the line, were probably from the city centers and can't fathom anyone voting leave, but that's exactly what happened.
The NFLPA should partner up with and recommend a low cost shop(s) like Vanguard/Fido and have a robo advisor index them.
I will guarantee that over time, 97 out of 100 players that did that would out-perform the guys who try to start businesses and invest with hedge funds.
Update your resume TONIGHT, and start beating the streets looking for a job tomorrow. If you don't do that, you and your family will be in a world of hurt soon.