IRS Permitting Mid Year Changes to Medical Plans/HSA & FSA Contrinutions

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by HuskerLiberal​ https://www.employmentlawworldview.com/irs-guidance-provides-employers-with-the-ability-to-offer-a-second-open-enrollment-period-for-the-2020-plan-year-and-provides-greater-flexibility-for-making-mid-year-cafeteria-plan-elections-us/ Just like the 401k and student loan reimbursement provisions in the CARES ACT, employers coho choose to participate have the ability to offer unprecedented mid-year changes to medical plans and contributions. My company’s executive leadership team has yet to agree to this… in part because of the logistical issues of processing changes … Read more

Rent vs. Buy – a restrospective

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by cjw_5110​ I see a lot of posts on this forum that ask the rent vs. buy question. There are plenty of calculators out there, some more elaborate than others, but the basic gist of it is that your break-even point is typically around the 5-7 years mark. My wife and I bought our first … Read more

JUDGE HAS CONFIRMED PCG BANKRUPTCY EXIT IN WRITTEN MEMO. OFFICIAL LEGAL CONFIRMATION FOR EXIT THIS FRIDAY.

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by withthepotboy I know you’re sick and tired of seeing all the PCG posts lately and it’s true it’s been trading sideways cause it’s manipulated as fuck. This is because institutions have a fiduciary responsibility to their clients and can’t risk buying in bigly before they legal confirmation that the exit is official. My theory … Read more

Wirecard is likely going bankrupt. Short everything

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by stocksncocks Ok Guys, I`ll keep this short, since its all happening so fast right now. Wirecard committed accounting fraud. They were not able to provide an autority approved balance sheet by the deadline tomorrow. This will allow all their creditors to ask back for theyr loans. Outstanding loans are 2 Billion, which Wirecard does … Read more

Corporate borrowing costs hit a new all-time low as the Fed begins buying individual bonds

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Yields on investment grade US corporate bonds hit a new all-time low: 2.25%.https://t.co/AthqZQqVj2 pic.twitter.com/bnBmeTNeXq — Charlie Bilello (@charliebilello) June 18, 2020 Sauce https://twitter.com/KathyJones/status/1273256605614632960 Does it really seem necessary for the Fed to start buying corporate bonds right now?   h/t SpontaneousDisorder

The Wealth Tax in Europe and Canada

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by Martin Armstrong Both Canada and the EU are listening to Thomas Piketty and the World Economic Forum by pushing this socialist agenda to take over the world economy. There are major difficulties with the imposition of a wealth tax. The question becomes, how do you value a home and an entire family’s wealth or … Read more

Retail Sales Headlines Are A Complete Joke

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by Dave Kranzler of Investment Research Dynamics The stock market promoting mainstream media this morning reported “U.S. Retail Sales Rose Record 18% in May” (e.g. the Wall St Journal).  The S&P futures jumped from up 45 points to up 90 points. But, as usual, the details are in the fine print of the report itself, and it’s apparent that … Read more

Will the Fed Cap Rates?

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by Martin Armstrong QUESTION: Do you think the Fed will venture into capping the long-term rates as they did during World War II? JH ANSWER:  There is much talk that the Fed will go into yield-curve control in the near future. Some expect that if the Fed does employ yield-curve controls, they expect that yields would be … Read more

Officially In The Bubble Business: Fed Couldn’t Even Stomach A 10% Drop In Stocks

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by Graham Summers of Gains, Pains, & Capital The Fed will soon be buying stocks. Earlier this week, the Fed announced that it will begin buying corporate bonds from individual companies. Before this announcement, the Fed was already involved in the: The Treasury markets (US sovereign debt) The municipal bond markets (debt issued by states and cities) … Read more

Wow Al Qaeda leader taken out by ‘secret’ US missile filled with knives dubbed the ‘ninja bomb’

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Video included with story. The journey of two senior Al Qaeda-aligned commanders in northwestern Syria on Sunday was suddenly cut short by a targeted U.S.-led strike — only it doesn’t appear that they were killed by explosives, but a missile packed with knives. According to an analysis by “The War Zone,” the R9X doesn’t explode and wields … Read more

Just a reminder: In America, class war is disguised as cultural warfare, and cultural warfare is usually cloaked in talk of race.

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CLASS WAR: Consider this passage: The class war in our country is business class vs. first class; in automotive terms, it’s E-Class vs. S-Class. Everybody’s comfortable. And that produces some odd outcomes: Nobody’s going to do one goddamned thing about how they conduct business in Philadelphia or Chicago or any other corrupt, Democrat-dominated city, but there … Read more

Japanification meets Robinization

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The value proposition of this market now is that new, inexperienced, financially desperate traders are really excited that the market is being spurred on by massive amounts of stimulus. Japanification meets Robinization. — John Tuld (@BradHuston) June 17, 2020 If this isn’t the sign of a market top idk what is pic.twitter.com/aytaI7gowJ — christmas garland … Read more

1.8trn of $SPX options expiring on Friday – making it the THIRD-largest non-December expiration on record – in additional to 230bn of SPY options and 250bn of options on SPX and SPX e-mini futures.

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1.8trn of $SPX options expiring on Friday – making it the THIRD-largest non-December expiration on record – in additional to 230bn of SPY options and 250bn of options on SPX and SPX e-mini futures. H/T S.H. — Thomas Thornton (@TommyThornton) June 17, 2020 Selling on strength pic.twitter.com/ouQWDsOVoA — Alessio (@AlessioTMAD) June 17, 2020 👇This chart … Read more

Sick, Twisted and Evil – Six eBay Executives Charged With Disturbing Cyberstalking. This is what happens when Antifa-types get jobs.

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 by sundance This is so purposefully evil it almost seems unbelievable.  If you ever wondered how twisted and deranged a group of Silicon Valley executives could be this might provide some context.  This is what happens when Antifa-types get jobs. Massachusetts DOJ – “Six former employees of eBay, Inc. have been charged with leading a cyberstalking campaign … Read more