The Two Stooges of Finance: Larry and Moore

by David Haggith Laughable Larry Kudlow, as high priest of the Laffer Curve, has long been servant of “King Dollar,” as Larry has often reverently referred to US currency. The Laffer Curve is the central creed of trickle-down economics. It’s a bell-curve that demonstrates how lowering tax rates actually increases tax revenue to a certain point … Read more

Louie Gohmert EXPOSES Ex-CIA Director John Brennan For Spying On Trump Illegally

https://www.youtube.com/watch?v=0hRRn-kcEzo Louie Gohmert EXPOSES Ex-CIA Director John Brennan For Using Steele Dossier To Spy On Trump Illegally Louie Gohmert EXPOSES Ex-CIA Director John Brennan For Spying On Trump Illegally today news and news today louie gohmert exposes ex cia director john brennan for lying to congress and using steele dossier to spy on trump illegally … Read more

US Dollar Status as Global Reserve Currency Edges Down Further

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Is the euro dead yet? And how is the Chinese Renminbi doing? Total global foreign exchange reserves, in all currencies, rose to $11.4 trillion in the fourth quarter 2018, according to the IMF’s just released COFER data. These foreign exchange reserves do not include the Federal Reserve’s holdings of dollar-denominated assets, such as … Read more

Households wealth drops $260b in just three months as debt hits a record 200pc of income – ABC News (Australian Broadcasting Corporation)

via abc.net.au: If you felt a bit poorer at the end of last year, you’re not alone — Australian households dropped a lazy quarter of a trillion dollars in wealth in the three months leading up to New Year’s Day. According to Australian Bureau of Statistics data, household wealth fell $257.6 billion in the fourth quarter … Read more

There’s a Retirement Crisis in America

The three “legs” of the retirement “stool” (private savings, pensions, and Social Security) are all in dire shape. At Vanguard, the median 401(k) account value for an investor age 65 and older is a measly $58,035. After looking at the data, the Saint Louis Fed concluded: “It could be worrisome that, for many American households, … Read more