by howmuch The housing market has not only recovered its pre-recession levels, but some observers are actually starting to worry about yet another housing bubble. Housing prices are on the rise, thanks in large part to extremely tight inventory, so it’s worth …
via Doug Short Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their …
by Daniel Carter Ever since the Great Recession of 08-09, we have been inundated with news about the growing gap between the rich and the poor. These narratives have been amplified in recent years by the growing influence of socialism in …
Real state and local income, sales and property taxes all hit records in 2017, according to data released this week by the Census Bureau. State and local governments collected a record $404,509,000,000 in individual income taxes in 2017, according to the …
The ratio of net worth to income made a new all-time record high last quarter: Natixis economist Joe Lavorgna Elevated asset valuations relative to disposable income are less a sign of “wealth” than a sign of impending market losses. …
https://twitter.com/OccupyWisdom/status/972171068613058560 Stronger jobs +313k.. wages still flat as a pancake like 2s10s +2bps.. Encites a more aggressive Bear Flattening from the Fed as cost of living rises exacerbating over indebted consumer weakness. $SPY $TLT #LateCycle. pic.twitter.com/EhP7hSVdrg — PlungeProtectionTeam (@gamesblazer06) March …
Authored by Alex Deluce via GoldTelegraph.com, In the United States, the proven route out of poverty has always been education. A higher level of education has been viewed to be the direct cause of a higher level of income. Surprising studies …
https://www.youtube.com/watch?v=ryF35pESVIg Cillian Zeal for the Conservative Tribune reports, For many conservatives, the president’s decision last week to impose a 25 percent tariff on imported steel and 10 percent on imported aluminum was where they decided to get off the Trump …
Source: Investor Junkie It is worth going through each section individually. Here we are assuming a couple that is both working. Their combined income is $110,000 per year. They max out their 401k contributions of $18,000 per year. Next, one of …
And it looks like they’re going to get it. One model being put forth would hand EVERYBODY – including those who already have an income – at least $650/month. Looks like we’ll all get bread. Hollywood will provide the circus. …
by JEFF DESJARDINS, VISUALCAPITALIST If you started making twice the amount of money that you do today, how would your spending habits change? Consider if the tables were turned, and you instead were reduced to half of your current income. Where would …
Will the city of Stockton be the official test pilot before the Federal Government looks to make it a national entitlement? Share your thoughts below… Stockton, California, is set to experiment with a universal basic income plan in which select …
https://www.youtube.com/watch?v=ZFboMv_YMi0 Inequality doesn’t matter so long as people on the lower rungs still feel they’re progressing within their own ambit. The real problem is that in our debt-ridden society, everyone short of the top fraction of the 1% feels like …
Sorry #RocketMan, unelected global governance will never be our credo. I would become Amish before giving away my Constitutional rights. #1A & #2A is more important than automation. UBI will fail because there’s too many stupid people that will waste …
by WARREN MOSLER This is now a forecast for Friday’s payroll number, and note from the chart that it’s been diverging all year. Seems there’s some kind of error in their forecasting methodology? Highlights ADP sees a very strong employment report …
by WARREN MOSLER Pretty much in line with expectations, but last month’s spending increase means what I think was an unsustainably low savings rate is now even lower. Highlights Personal income rose 0.4 percent in December with wages and salaries up …
Tubbs is coordinating an effort to test a new way to sustain residents: universal basic income, or UBI. For one year, several dozen Stockton families will get $500 a month, no strings attached. Dorian Warren co-chairs the Economic Security Project, …
by John Whitaker, NEE According to the Tax Foundation, the Top 50 Percent of Earners Pay 97.2 Percent of All Income Tax A new report from the Tax Foundation shows that the top 50 percent of earners pay 97.2 percent of all individual …
by Spencer P Morrison Were California a Country It’d be the 17th Most Unequal Nation on Earth, Ahead of Mexico & Guatemala Californians love sermonizing on the plight of America’s poor and disenfranchised—if only penny-pinching republicans would shell out for a …
https://www.youtube.com/watch?v=JIxoGEb3xGg CT is broke too look up hartford and bankruptcy
by Martin Armstrong QUESTION: What is your opinion of Elon Musk and Mark Zuckerberg idea of universal income? ANSWER: The idea of free money being touted by Elon Musk and Mark Zuckerberg only demonstrates that they know nothing about humanity or economics. They …
by moneymetals https://s3.amazonaws.com/ILB_MS_BUCKET/ILB-171208-WeeklyMarketWrap.mp3 DOWNLOAD MP3 Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a truly explosive interview with Michael Pento of Pento Portfolio Strategies. Michael describes for …
By Michael Snyder Should you get free money from the U.S. government every month simply for being alive? That may sound like a crazy idea to many of us, but the truth is that this will likely be one of …
And yet it the Fed itself is exempt from taxes Federal Reserve banks are exempt from paying taxes at the federal, state and local levels, except on real estate holdings, according to the government website, federalreserve.gov, which outlines rules on taxation …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “July proved to be a tough month for chain restaurants,” the report said. Foot traffic at chain restaurants fell 4.7% in July year-over-year. Same-store sales fell 2.8%, the 17th month in a row of year-over-year declines, …
By Michael Snyder The quote in the headline comes from Ron Paul, and it should be the goal of every conservative lawmaker in the entire country. When professional politicians tell you that they are in favor of reforming the tax …
by 911bodysnatchers322 All these crazy people in California are railing against Trump thinking he’s a draconian monster when in fact this may be a better deal than even Bernie Sanders could have mustered. Has Sanders come out to say …
by Jim Quinn This isn’t actually a shocker. When 40% of the working age population doesn’t work and another 10% only hold part-time jobs, they aren’t paying any Federal Income taxes. They are paying sales taxes, gasoline taxes, excise taxes, …