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by trashlyfe I haven’t seen that many people worried about this. But basically wondering if the ratios for debt to GDP/federal revenue to debt in the next few years could … Read more
by Charles Hugh-Smith We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won’t repair the eroding foundations of tax revenues. … Read more
75% of small businesses cannot last a month with zero revenues. The median cash buffer is 27 days. This is why we need serious supply measures to allow businesses to … Read more
OK, let’s look at the Tesla magic briefly. By Wolf Richter for WOLF STREET. Tesla’s profit was all about Tesla’s pollution credits, or “regulatory credits,” as it calls them. These are tax credits … Read more
“Give Me a Growing Environment, It’s Easier to Run the Railroad”: CSX CEO. By Wolf Richter for WOLF STREET. CSX reported fourth-quarter and annual results Thursday evening: revenues for the quarter fell 8% to 2.88 … Read more
by howmuch The United States federal progressive income tax dates back over 100 years, to the Revenue Act of 1913. Back then, the U.S. received most of its tax revenues from … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is a holy-cow moment. This morning, Tesla filed its Form 10-Q quarterly earnings report with the SEC, a moment when no one was supposed to pay attention … Read more
HK banks now provisioning only 1.7% of their revenues for loan losses! That’s close to a record low.Even below levels prior to the Asian Crisis! Are HK banks accurately depicting … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Carmageddon for cars. But big equipment is hot and gets pricier. Ford waited until today to report its second-quarter new-vehicle deliveries in the US. So now … Read more
by: Tracey Watson (Natural News) They say that in life “nothing is certain but death and taxes.” Well, in the state of California, taxes might just be the cause of … Read more
After 239 companies have reported, the revenues beat rate is at 47%. If current results hold, this could be the first quarter since Q4 2016 in which the revenues beat … Read more
via David G. Schwartz Las Vegas casino operators seemed to be cruising earlier this year, but the summer has turned into a bit of a bummer for them. Whether this is … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Wall Street hocus-pocus has done an awesome job. The Dow-20,000 hats have come out of the drawer after an agonizingly long wait that had commenced in … Read more
