UPDATE: Dems plan billionaires’ tax… Would hit 1,000 of nation’s wealthiest citizens…

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President Biden’s $2 trillion spending package continues to stall as senior Democrats are hoping to finalize a proposal on a new annual tax on billionaires’ unrealized capital gains, Democratic leadership has indicated. “We probably will have a wealth tax,” House Speaker Nancy Pelosi (D-Calif.) confirmed Sunday on CNN. The proposal, which is being reviewed by Senate Finance … Read more

Biden’s Spending Bill Would Turn America Into Bernie Sanders-Land

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https://www.youtube.com/watch?v=nbVpcYlvezw Madeline Leesman from Townhall reports, On Thursday morning, Senate Minority Leader Mitch McConnell (R-KY) joined Dana Perino for an interview on Fox News’ “America’s Newsroom,” to discuss the Democrat’s “reckless tax and spending” reconciliation package, the Biden administration’s proposal to have the IRS monitor bank accounts, and the Democrats’ efforts to federalize elections. Read … Read more

Global Supply Chain Hysteria

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https://www.youtube.com/watch?v=soCl9aa7MS4 On this weeks episode, higher prices and empty shelves. Trinity Chavez expounds on the global supply chain hysteria creating chaos ahead of the holiday season. For this story and more stream it now!

Households that continue to keep a significant portion of their wealth in the bank are getting wrecked.

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Imagine parking 100k in a savings account in 2021 and coming out with 70$ by year end. Even though americans are saving more, it isn’t beating out inflation. People are saving more, spending more, and making less…. ” In the 1990s, households generally did well by using savings accounts. Inflation rarely ran above 2% year-over-year, … Read more

This week will be insane!

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by gorays21 This week will be crazy because some of reddit’s favorite companies will have earnings and they include: AMD Amazon Apple Microsoft Facebook Alphabet(google) Robinhood Enphase energy Teladoc Shopify Other companies with earnings include: Boeing, GM, Coco cola, Visa, Texas Instruments, etc. Either way, this week is gonna be interesting cause lot of companies … Read more

DWAC option trading risks

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by Ken385 If you are trading DWAC options today, be aware that the current Hard to borrow rate of short stock is around 100%. This will cause certain spreads, such as boxes, to trade higher then the normally would. Deep in the money calls will have a higher risk of early exercise, so be aware … Read more

Port Congestion Could Be Worse Than “Lehman Crash”, Flexport CEO Warns

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“The ports shutting down is worse than Lehman Brothers failing. Both can lead to catastrophic failures of all counterparties depending on them. But with Lehman, the government could just print tons of money to flood the banks with liquidity,” Ryan Petersen, chief executive officer of logistics company Flexport, warned Friday after touring logjammed U.S. West Coast … Read more

THAT’S NOT HOW IT’S SUPPOSED TO WORK

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by Jim Quinn Picture taken yesterday on the Wildwood boardwalk. When this store opened a decade or so ago, everything was $1 or lower. Now only a bottle of water is $1. I’m sure these price increases are only transitory, because Jerome Powell assures me we don’t have any long-standing inflation.  

This is insanity…

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This is insanity. https://t.co/QDrm4aa2Lp — Ben Shapiro (@benshapiro) October 25, 2021 I know this "tax unrealized cap gains" thing is supposed to only affect billionaires, but we know from history that eventually they'll go after everyone & extend it to illiquid things. It's complete nonsense. This isn't the way to go. I am not in … Read more

$DWAC 35k YOLO —> 400k+

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by u/TheFreezeBandit   Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.

How big of a risk is the supply chain crisis?

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by  hype_cycle I’m reading through some material about the supply chain crisis this weekend: Flexport CEO on how to fix the US supply chain crisis Long Beach has temporarily suspended container stacking limitations Would love to hear your thoughts on: Do you see any path that this can get resolved quickly? Wouldn’t the Christmas shopping … Read more