Beware of These IRS Scams This Tax Filing Season

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From Birch Gold Group Tax filing season is underway, and scammers are wasting no time when it comes to adjusting their cons accordingly. Until we meet the IRS deadline in April, citizens should be on alert for fraudsters reaching out to them and posing as government agents looking to “settle bills”. The IRS is very much … Read more

Important Battle Being Waged Today For 200 DMA

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by Adam Taggart There’s an important battle going on in the market today. The S&P 500 cracked below its 200 daily moving average (DMA) this morning and the usual suspects have been trying to undue the damage ever since. A major attempt to rally failed two hours ago, leaving only an hour left for the authorities … Read more

32.8% Sales Drop: Run for Van-Cover, Vancouver, Your Housing Bubble Is Vanc-Over

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via Grant’s Interest Rate Observer On Monday, the Real Estate Board of Greater Vancouver reported February results that could be classified as ghastly, with residential home sales plummeting 32.8% year-over-year to 1,484 units. That’s the lowest February sales total since 1985 and 42.5% below the 10-year average. Prices have also broken lower, with the composite index sinking … Read more

San Francisco Real Estate Is so Comically Overpriced Commuting by Jet Saves Money

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via CNBC: Houston and San Francisco are separated by two states, approximately 1,934 miles and about four-and-a-half hours in the air. Still, a Houston-based law firm thinks a long-haul commute is actually the frugal and practical choice. That’s because the cost of living in San Francisco is among the highest in the country. In San Francisco proper, … Read more

Record US Credit Card Debt, Rising Delinquencies: “The Clock Is Ticking”

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via Yahoo: A rising number American households are grappling with rising borrowing costs and consumer loan delinquencies — a worrying trend that could indicate an economic slowdown is at hand, Deutsche Bank warned on Wednesday. As U.S. consumers rack up a record amount in credit — a recent Federal Reserve report showed outstanding consumer debt topped a record … Read more

Fed Flunkies and the Unflunkables: 2019 Bank Stress Test Now Officially a Total Sham

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via Reuters: The U.S. Federal Reserve said on Wednesday it would no longer flunk banks based on operational or risk management lapses during its annual health check of the country’s domestic banks.   The “qualitative” portion of the 2019 test, however, will still apply to the U.S. subsidiaries of five foreign banks subject to the annual … Read more

Mall Over but the Crying: 4,900+ US Retail Store Locations to Close in 2019

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via businessinsider: More than 5,300 stores are expected to close in 2019. Family Dollar, Abercrombie & Fitch, and Chico’s announced nearly 800 store closures on Wednesday. Gap, JCPenney, and Victoria’s Secret announced more than 300 store closures over the course of 24 hours last week. Payless has said it plans to close all of its 2,500 stores in what could be the largest … Read more

Wall Street, Smelling Blood, Abandons a Deutsche Bank in Freefall

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via safehaven: Deutsche Bank (DB) is getting desperate, and Wall Street is ditching it—fast. The most recent quarterly results were dismal, one of its investors has been turned into a paid advisor, and now there is talk about closing down the bank’s equities trading branch over losses of around $750 million last year, according to the Wall Street Journal. … Read more

Saudi Arabia, Panama, Puerto Rico… The EU Issues Money-Laundering Warning List

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via Bloomberg:   European Union governments unanimously rejected a list of foreign jurisdictions posing higher risks of money laundering, criticizing officials in Brussels for drawing up the document in a flawed manner. The list was presented last month by the European Commission, the EU’s executive arm, as a measure to protect the financial system from dirty-money risks … Read more

Financial Term of the Week: Capital

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by AMillionPI   The first thing that comes to my mind when hearing the word ‘capital’ is money (that can be used to invest / enhance the power of a business). Capital can be understood as resources that are available to achieve a specific set of goals. Capital does not always necessarily refer to money used by businesses … Read more

There Seems To Be A Pattern Here…

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by BadTRAFFIC Venezuela stopped accepting American Dollars to trade oil in. https://www.zerohedge.com/news/2017-09-14/oil-rich-venezuela-stops-accepting-dollars Source for Saddam: http://content.time.com/time/magazine/article/0,9171,998512,00.html Foreign Exchange: Saddam Turns His Back on Greenbacks Europe’s dream of promoting the euro as a competitor to the U.S. dollar may get a boost from SADDAM HUSSEIN. Iraq says that from now on, it wants payments for its oil … Read more

NYT ‘: Trump Is a Liar For Saying There Is An Emergency At the Border. NYT One Month Later: The Border is at a ‘Breaking Point’

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via breitbart: One month after claiming there is “no emergency” at the border, the far-left New York Times now concedes the border is at a “breaking point.” In real time, as President Trump gave his State of the Union speech last month, the Timesbranded the president a liar over his claim that there is an “urgent national crisis” at … Read more