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IRS Chief Tells Elizabeth Warren: More Transparent Bank Data Can Fight Tax EvasionSep 2, 2021 - 05:12:31 PDT
IRS chief Charles Rettig told Sen. Elizabeth Warren that relying on banks to report on their customers' accounts could help cut the tax gap.
The Fed has already signaled it is likely to start tapering before year end. In the euro zone, a similar announcement could be just around the corner.
U.S. government debt prices moved higher on Thursday morning as investors awaited new jobless claims figures.
Debating Silver As "Industrial Or "Monetary" Metal & Coming Breakdown Of Global InfrastructureSeptember 2, 2021
In my newest video update, I discuss the topic of silver as an "Industrial" or "Monetary" metal and why the Global Infrastructure is in serious trouble. In a recent Kitco interview, Lobo Tiggre suggests that silver will disconnect from gold as a monetary metal and track closer to copper due to the new GREEN ENERGY...
Sep 1, 2021 - 12:55:32 PDT
The next great trade is setting up to be moving out of financial assets for hard assets.
Around $11 Billion in Gold Was Smuggled Into India Last Year — Stashed Inside Wigs, Jeans, Shoes: MWSep 1, 2021 - 12:51:00 PDT
One man had 302 grams of gold dust pasted into his pants worth about $20,000, authorities in one of the world’s biggest gold markets said. “This puts India not only at the heart of the world’s gold manufacturing sector, but also at the heart of an illicit supply chain with tentacles that extend around the globe,” the organization wrote in a report in 2019.
Over a decade ago, on July 21, 2009, then Federal Reserve Chair Ben Bernanke wrote an article in the Wall Street Journal titled The Fed’s Exit Strategy. His words are all too familiar, starting with his opening sentences: The depth and breadth of the global recession has required a highly accommodative monetary policy. Since the onset of the financial crisis...
The Nasdaq 100 and S&P 500 ETFs are up between 20 and 25 percent on the year!
But while it’s felt like a risk-on kinda year, there’s been one missing ingredient: Junk Bonds.
Something isn’t quite right…
In our analysis, the US stock market today is historically overextended and poses substantial risks. To understand, we need to start by comparing it with the tech bubble in 2000. When Bill Gates retired as CEO of Microsoft that year, he was the richest person in the world. His timing was impeccable. A mad rush of corporate spending to fend off the Y2K software...
Federal Reserve officials are moving on to their next big policy debate: defining their “broad and inclusive” maximum-employment goal that they have pledged to reach before raising interest rates.With Chair Jerome Powell and colleagues paving the way to slowing their massive asset-purchase program this year, attention will turn to when they will hike rates...
Euro zone inflation is at risk of overshooting the European Central Bank's projections as the temporary factors behind its recent spike could seep into underlying price growth, Bundesbank President Jens Weidmann said on Wednesday.
Canada's GDP unexpectedly went negative for the second quarter following huge monthly negative revisions with no explanation.
"A home is worth a what a buyer is willing to pay for it," said Michelle Pais, CEO of Signature Realty NJ and the property's listing agent.
Sep 1, 2021 - 11:09:21 PDT
Well, the US stock market is raging along with Federal Reserve monetary stimulus, Federal government fiscal stimulus and a roaring economy. A note of caution: the Hindenburg Omen chart is flashing …
Fed's Rate Corridor 1 Basis Point Away From Breach Amid Record Liquidity GlutSep 1, 2021 - 11:07:25 PDT
The biggest monetary circle jerk in world history, where the Fed floods the system with billions in liquidity in the form of its daily QE, and then quickly mops it up when that same liquidity is parked right back at the Fed by dozens of banking counterparties in the form of reverse repos is getting so bloated it is about to break the Fed's key rates pathway.
Sep 1, 2021 - 09:32:33 PDT
Only time will tell whether the old adage about Afghanistan’s being the graveyard of empires proves as true for the United States as it did for the Soviet Union.
Sep 1, 2021 - 09:29:22 PDT
After months of delays, the Pentagon and China’s People’s Liberation Army last week initiated their first direct contact since Biden took office. That meeting, a video call carried by the U.S.-PRC Defense Telephone Link, focused on "maintaining open channels of communication between the two militaries."
About 6 in 10 U.S. voters believe that the country has gone “pretty seriously” off “the wrong track” as President Biden faces a wave of criticism over his handling of the U.S.
Former Democratic Senator Sounds the Alarm About Biden’s Plan To Tax Assets at DeathSep 1, 2021 - 09:19:56 PDT
President Joe Biden has proposed taxing appreciated assets at death for income over $1 million and boosting the capital gains tax to ordinary income rates.
Companies from McDonald's to Walgreens have raised pay to attract workers amid the labor shortage. However, HR experts say that's not enough.