President Joe Biden’s proposed capital gains tax increase could result in an effective tax rate of over 100 percent after adjusting for inflation, according to estimates by economist Arthur Laffer, a former adviser to Ronald Reagan. The increase would more …
This week, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID), announced his retirement effective January 2025. By then, he will have turned 85 years old and served in the federal government for 59 years. …
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by confoundedinterest17 As I have discussed before, US commercial banks have taken in more deposits than they lend out. The first big break was in 2009 during the financial crisis and the second break occurred in the Covid recession. After the …
by confoundedinterest17 Typically, banks make money by taking deposits at low rates and lending to borrowers at higher rates (car loans, residential mortgages, business loans, etc.), earning a spread. And bank deposits are usually less than the loans that they extended. …
by: Divina Ramirez (Natural News) China is bracing itself for severe summer floods as 71 rivers exceed warning levels, according to a recent report from Strange Sounds. Meteorological experts warned that warmer temperatures are fuelling extreme weather. In fact, rain in some parts of central and …
As bad as the Chinese government is, the people who live there shouldn't have to suffer from the failures of communist central planning. It would be a tragedy of unspeakable proportions if the dam breaks. Hundreds of millions live within …
In my decade forecast, I projected that in the next recession that the deficit would climb to over $2 trillion. Clearly, that demonstrates I am an optimist. Here’s a chart I shared back in January. SOURCE: CONGRESSIONAL BUDGET OFFICE Between reduced …
by Martin Armstrong QUESTION: Mr. Armstrong; Standard Chartered has forecast that Russia will overtake Germany as the world’s fifth largest economy, possibly as early as next year in 2020. Would you care to comment if that is possible? GP ANSWER: It is clear …
What usually happens when just a few stocks are rising but the majority are weak or in a bear market? Looking at the US market, we see just a few select stocks rising. And in the case of 2 specific …
by Martin Armstrong Believe it or not, Chinese start-ups have for the first time collected more venture capital than newly established US companies in the past quarter. This is reported by the South China Morning Post . Almost half (47%) of the venture capital used …
by Simon Black Yesterday the US government’s own Congressional Budget Office (CBO) published a pretty sobering report about the state of Uncle Sam’s finances– and what the future holds. According to the CBO, the federal government’s spending habits are in such …
