MASSIVE TAX INCREASE COMING

Biden proposes $2.5 trillion in tax increases as part of budget request President Biden made a renewed push on Monday to galvanize congressional Democrats to overhaul the nation’s tax code and dramatically raise rates on corporations and ultra-wealthy Americans. The …

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Details on new Biden income tax…

Biden is proposing a minimum 20 percent tax on American households worth more than $100 million that would target their “full income,” including standard taxable income as well as unrealized income like gains from stocks. The budget also includes a …

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NFTs are past their prime…

Sales of NFTs, one of 2021’s biggest investment crazes, are but a fraction of what they were at last year’s peak. The big picture: Despite the present doldrums, the market for non-fungible tokens — digital objects built to be provably unique …

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It won’t be very much longer before the Fed pivots back to dovish on policy. Eventually, financial instability will take over inflation as a concern.

It won't be very much longer before the #Fed pivots back to #dovish on #policy. Eventually, #financial #instability will take over #inflation as a concern. h/t @SoberLook pic.twitter.com/CDn57IeTJA — Lance Roberts (@LanceRoberts) March 29, 2022 Three 50bps #Fed #rate hikes …

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Global bond yields blowing out

https://twitter.com/rubecube12/status/1508766815467368448 German 2-year yields surge above zero, to the highest since 2014, amid apparent progress in Ukraine-Russia peace negotiations. pic.twitter.com/qCfszBr9OX — Lisa Abramowicz (@lisaabramowicz1) March 29, 2022

BLOOMBERG Opinion: “American consumers are starting to hit their breaking point”

View post on imgur.com Signs are mounting that the resilience of American consumers is rapidly waning, potentially undermining one of the few remaining pillars supporting the bull market in equities https://t.co/9djBA004gg — Bloomberg Opinion (@opinion) March 28, 2022 https://twitter.com/i/events/1508587397012877313 Shock …

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