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Oct 27, 2021 - 07:21:28 PDT
Here's another foot in the door proposal Democrats will surely seek to expand. And it's not the same as Yellen's proposed Global Minimum Tax.
Oct 27, 2021 - 07:18:53 PDT
Let's look at actual Supreme Court cases to help decide if taxing unrealized gains is constitutional.
“The most inappropriate monetary policy that I’ve seen maybe in my lifetime.”- Paul Tudor Jones on the Federal Reserve via CNBC. The Federal Reserve has three mandates per their Congressional charter. They are to effectively promote maximum employment, stable prices, and moderate long-term interest rates. The Fed has met the first goal, employment is largely...
The Federal Reserve is attempting to tamp down two significant challenges to its credibility as both its handling of inflation and internal ethics face growing scrutiny.
Senate Banking Committee Chair Sherrod Brown said that he expects President Joe Biden will release a combination of nominations to the board of the Federal Reserve at the time he unveils his decision on the central bank chair, which may or may not be Jerome Powell.
After four straight months of improvement, analysts expected US durable goods orders to drop 1.1% MoM in preliminary September data, but while they were correct on direction, the amplitude was not as significant with orders sliding 0.4% MoM (though notably August data was revised significantly lower from +1.8% to +1.3% MoM)...
The price of this year’s Thanksgiving feast is predicted to be the most more expensive meal in the history of the holiday. According to CBS News, who spoke with the American Farm Bureau Federation, prices will be higher on just about everything because of inflation.
Bitcoin slid below $60,000 as traders liquidated the most positions in a month. Prices for the biggest digital asset lost 5% to $58,975 as of 10:44 a.m. in London, reaching the lowest intraday price in almost two weeks. Ether also sank about 5% and smaller tokens took a hit, with Dash and EOS tumbling more than 10%.
U.S. two-year Treasury yields rose further on Wednesday, hitting new 19-month highs and flattening the yield curve, as the possible timing of the Fed's first interest rate rise came into tighter focus. In the run-up to the Federal Reserve’s policy meeting next week, market focus has moved beyond pricing in the central bank’s likely taper of asset purchases and onto...
Phil Orlando has not heard this many people mentioning stagflation since he was a financial journalist in the late 1970s, when oil prices were soaring and inflation stood at more than double its current level. Now the chief equity market strategist at Federated Hermes, Orlando says stagflation is poised to make a comeback and is piling into shares of...
Brazil’s central bank is poised to deliver its biggest interest rate hike in nearly two decades as plans for greater public spending risk jeopardizing efforts to bring inflation down to target.
"We Have A Historic Opportunity" - Senator Wyden Releases Dems' Plan To Tax Unrealized Capital GainsOct 27, 2021 - 05:11:01 PDT
We later learned that Democrats were setting their sights on $5 trillion of billionaire wealth extraction, something that would move the US closer to AOC's stated goal of eliminating billionaires.
European Central Bank Expected To Hold Steady As Economy Slows and Inflation SoarsOct 27, 2021 - 05:07:27 PDT
Slowing growth and higher inflation could render October's ECB meeting more eventful than originally anticipated.
Mortgage rates have been on a tear this month, rising yet again last week to the highest level in eight months, according to the Mortgage Bankers Association.
A new version of the Social Security 2100 Act aims to draw support from President Joe Biden and Republicans. Here's how it would change the program.
The "transitory inflation" narrative has completely broken down. And now Twitter and Square CEO Jack Dorsey has warned us.Hyperinflation is coming.
The Dow Jones and the S&P 500 hit new all-time records on Tuesday (Oct. 26). In his podcast, Peter Schiff focused on a few speculative stocks that have had meteoric rises (and in some cases crashes) over the last few days. He said this is evidence of the speculative fervor in this massive bubble.
Oct 26, 2021 - 15:38:38 PDT
Stagflation is here and that’s bad news for regular folks like us AND the markets AND the overall economy.
For those not quite sure what the term means: stagflation is when, at the same time, we experience severe inflation but a stagnating economy.
OK, so where to from here?
20 YEARS GOLD MINING REPORT: Amazing Total Cost To Produce Gold From Top & Mining CompaniesOctober 27, 2021
This is a "Must-Watch" Report on the 20 Years Total Cost to mine gold from the largest companies in the world. If you want to know the total cost to produce gold over the past two decades, this video presentation provides a practical summary. I had no idea how high the costs were until I did the research...
Join Mike Maloney and Jeff Clark in this must-watch update as they discuss six important charts from a recent article published by Crescat Capital. As you’ll see, many of Mike Maloney’s early predictions are not only coming true…but they are becoming ‘mainstream’. Where does it all lead, and what is the best way to protect yourself from what is coming?