Month: July 2018

Executive branch considers allowing capital gains taxes to be adjusted for inflation

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via NYT: WASHINGTON — The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives. Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of … Read more

Short-Term US Treasury Yields Flashing Alarm, Chinese Consumer Spending Growth Is Faltering, Eurozone Slows Down….

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"Short-term US Treasury Yields enter the week at their highest levels in 10 years…," h/t @charliebilello pic.twitter.com/MpokXx4xzU — Alastair (@StockBoardAsset) July 30, 2018 "Eurozone slowdown starts to appear in business and consumer surveys," @dlacalle_IA pic.twitter.com/XmwhCil6e4 — Alastair (@StockBoardAsset) July 31, 2018 Mind The Red Ponzi: Industrial Production Growth Is Flatlining, Consumer Spending Gains Are Faltering https://t.co/KzWnYf5sct … Read more

Clearly Overdone! The Market Is All Air. Not A Fundamental In Sight… They Are Still Expensive!

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h/t @michaellebowitz The market is all air. Not a fundamental in sight h/t @OccupyWisdom The #economic “expansion” feels like a #depression because a depression is sub trend #GDP growth for a sustained period of time. The expansion has been below trend for the vast majority of the time. #QE induced markets ignore this Chart via @charliebilello … Read more

They Are Calling It “The Tech Bloodbath” – 10 Facts About This Tech Stock Crash That Will Take Your Breath Away

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by Michael Snyder Thanks to crashing tech stocks, Americans have lost hundreds of billions of dollars in paper wealth over the past three trading days.  As you will see below, we have just witnessed “the biggest market cap loss in history”, and many analysts believe that this is only just the beginning.  At this point, … Read more

America Has Millions Of Millennial Brats That Need To Move Away From Mommy And Daddy And Start Acting Like Adults

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by Michael Snyder If young adults are America’s future, then they better get their act together. Today, over 30 percent of 18 to 34-year-olds live with their parents or other family members. Meanwhile, marriage rates and fertility rates in the United States have both hit record lows in recent years. Instead of coddling these self-absorbed Millennial narcissists well into their adult … Read more