Billionaires in blue states face coordinated wealth-tax bills

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Left-leaning proponents of taxing the assets held by America’s billionaires have a new target: In lieu of a federal wealth tax, state lawmakers want to tax billionaires where they live, in states like California, Washington and New York. A group of legislators in statehouses across the country has coordinated to introduce bills simultaneously in seven … Read more

Big Banks Might Face Breakup, Top Regulator Says

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WASHINGTON—Big banks may need to be broken into smaller pieces if they become too big to manage and are unable to fix significant regulatory lapses, a top federal banking regulator said in a warning shot across Wall Street on Tuesday. A bank’s failure to resolve longstanding deficiencies despite reprimands from its regulators and onerous restrictions … Read more

GLOBALIZATION UNDER SIEGE

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DAVOS, Switzerland — A decade ago, political power brokers and corporate bigwigs gathered here in the Swiss Alps under an upbeat theme. It was a time for “resilient dynamism,” declared the organizers of the 2013 meeting of the World Economic Forum. After the travails of the global financial crisis, they explained, the world was now … Read more

Why Japan’s Bond Market Could Make or Break Your 2023 Returns

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By Graham Summers, MBA Japan’s central bank, the Bank of Japan, or BoJ, is beginning to lose control of its financial system. The BoJ is the grandfather of monetary insanity. The U.S.’s Federal Reserve (the Fed) first introduced Zero Interest Rate Policy (ZIRP) and Quantitative Easing (QE) in 2008. The BoJ introduced them in 1999 … Read more

Singapore non-oil exports tumble 20.6% in December, worse than expected

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Exports dropping……companies not able to clear inventories….recession confirmed “There is consensus now that the US economy will go into a recession and therefore we should not expect any quick rebound in demand,” Mr Goh said. He added that a lot of US retailers have not been able to clear their inventories because of the collapse … Read more

Microsoft $MSFT to fire 11,000 employees

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(Reuters) -Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response … Read more

But It’s a Private Company! The Twitter Files

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I don’t even care if it was the other way around, this is a breach of power, and the Biden administration just sits back and let’s this to continue to happen while today’s liberals think this is okay?? This is how 1984 starts and is starting. Sooner than later everything you do will be monitored … Read more

China has been supplying the world with cheap labor, thereby exporting disinflation… however demographics in China are rapidly changing… to the extent that deaths exceeded births in the last year

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by silvertomars The aging of China’s population will increase inflation globally (all other things being equal) as a shrinking supply of labor is bid up by an elderly population with considerable paper wealth. Global aging and population shrinkage (as a rate of change) will make this a global trend. Of course, we could always add … Read more

This is such crap. So how is the inflation rate slowing? Are the masses really this uneducated now?

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  Source: https://www.cbc.ca/news/business/canada-inflation-december-1.6716315 This is Canada Grocery prices inched up another 0.3 per cent during the month of December, and have increased by 11 per cent year over year. That’s a slight slowdown from the 11.4 per cent pace the previous month, but plenty of food items are still getting more expensive, particularly fresh vegetables, which … Read more

The Majority MUST Always be Wrong

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by Martin Armstrong   Following the crowd of what is popular and supposed to be the cutting edge of investment, Robert Belfer, the oil Barron, lost billions with ENRON and then Bernie Madoff. Then he became a shareholder in FTX. With a track record like that, you certainly would be firing your financial adviser. The … Read more