Month: March 2021

https://edition.cnn.com/2021/03/02/investing/china-banking-financial-bubble-intl-hnk/index.html One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the Communist Party boss at the People’s Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world. “We are really afraid the bubble … Read more

https://twitter.com/SpencerKSchiff/status/1366882908179472385 Treasury yields jump https://t.co/NePSIx8Rj0 pic.twitter.com/0BGf1pl8UY — Bloomberg Markets (@markets) March 3, 2021 Drivers of the US bond market sell-off: (i) large fiscal stimulus timed to coincide with reopening of the US economy, making for a super-charged recovery; (ii) fiscal deficits (black) far above projected Fed QE buying (blue). Higher yields are a way to … Read more

The Internal Revenue Service (IRS) is making it harder for taxpayers to conceal cryptocurrency transactions — whether intentionally or not — by adding a new question about it near the top of the new Form 1040. The form released last week asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any … Read more

https://www.foxnews.com/us/dr-seuss-books-canceled-racist-imagery “These books portray people in ways that are hurtful and wrong,” Dr. Seuss Enterprises told The Associated Press in a statement. “Ceasing sales of these books is only part of our commitment and our broader plan to ensure Dr. Seuss Enterprises’ catalog represents and supports all communities and families,” the statement continued. I would … Read more

Facebook recently launched an ad campaign to defend personalized advertising against Apple’s new privacy measures. The campaign, called “Good Ideas Deserve to Be Found,” touts targeted ads as a boon for small businesses. Here’s one of the ads, which I found amusing, if perhaps not exactly in the way that Facebook intended. The ad push … Read more

The push for a $15 federal minimum wage continues across the country. But new research shows that if the “Fight for $15” wins, the biggest loser may just be your wallet next time you want to chow down on a Big Mac or Egg McMuffin. A recently-released study reveals that past minimum wage hikes resulted in much higher menu … Read more