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Progressives in New York have their eyes on what's dubbed a Millionaires Tax. Let's go over the details.
High inflation takes off where political forces are too strong to permit the implementation of harsh remedial measures with respect to taxation and monetary policy such as to prevent an implosion of the national currency.
European Central Bank policy makers stepped up their pressure on the region’s governments to get on with their joint fiscal stimulus, using stronger language to warn of economic chaos for the region if politicians move too slow.Bank of Italy Governor Ignazio Visco called the European Union recovery fund “crucial” i...
Apr 9, 2021 - 08:17:31 PDT
Inflationary pressures have risen worldwide to the highest for at least a decade as a surge in demand is accompanied by widespread supply constraints in the provision of goods and services
From Dec. 2019 incase you missed it!: Changes in climate policies, new technologies, and growing physical risks will prompt reassessment of the value of virtually every nancial asset.
Italian Prime Minister Mario Draghi is bringing forward plans for as much as 40 billion euros ($48 billion) in new borrowing as the cost of keeping the economy afloat drains the state’s coffers and street protests heap pressure on the government...
The tax, according to Yellen, would help the US raise $2.5 trillion over 15 years, paying for the entirety of Biden's $2.25 trillion "American Jobs Plan", not to mention help prevent an exodus of job-destroying and economy-crippling corporate "inversions".
Hungarian Central Bank Boosts Gold Reserves By 3000% In Less Than 3 YearsApr 9, 2021 - 07:51:19 PDT
So who do you trust, the central banks of old Europe such as Hungary and Poland who say that “gold has a confidence-building effect in normal times and can play a role in stabilizing and defending, and also gold is for extreme market environments, structural changes in the international financial system, and deeper geopolitical crises”, or do you trust a Bloomberg columnist in Manhattan who has “officially called it” and said that gold “is over”?
After Unprecedented Delay, BLS Admits Huge Jump In Producer Prices In MarchApr 9, 2021 - 07:50:09 PDT
After China's factory inflation surprised to the upside with the hottest print since July 2018, this morning's US producer price data was highly anticipated and expected to surge to multi-year highs.
1: U.S. Treasury Secretary Janet Yellen has been center stage at the IMF/G-20 meetings as the U.S. is pushing for a minimal corporate tax in an effort to raise revenue for the massive stimulus programs without hemorrhaging jobs and investment from the U.S. in an effort for multinational corporations to reduce tax liabilities. Why does the U.S. government believe it can exert ITS WILL on the world
Fed’s Powell Says ‘We’re All Going to Be At Risk’ Until the World Is Vaccinated: MWApr 9, 2021 - 07:35:35 PDT
Federal Reserve Chairman Jerome Powell said Thursday that until the world is vaccinated, all countries will be at risk of new COVID mutations.
Unemployment is at 6%. Tens of thousands of people apply for unemployment every week (744,000 last week alone). The US government is spending trillions of dollars to "stimulate" the economy. But restaurants in northeast Florida can't find enough workers to open every day.Does this sound a nutty to you as it does to me?
Gold hit its highest price in five weeks after the release of the March Federal Reserve meeting minutes and comments by Jerome Powell both reiterated the central bank's dovish position. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed's dovish cry and how this could play out. He also discusses a strange dichotomy in the unemployment numbers.
U.S. intelligence officials are painting a dark picture of the world’s future, writing in a report released Thursday that the coronavirus pandemic has deepened economic inequality, strained government resources and fanned nationalist sentiments.
For this entire house of cards not to crumble, growth and inflation need to be restored. It is the only way to repay the debt legacy of the crisis. That is precisely why the likes of US Treasury secretary, Janet Yellen, and Federal Reserve chair, Jay Powell, are playing down the significance of the recent awakening of inflation — but not for long.
Apr 9, 2021 - 06:02:02 PDT
We will have ample opportunities as data comes in to inform Fed observers on our progress.
China’s leading financial officials released a rare statement warning about the potential rise of commodity prices and consumer inflation, which has become a global concern as major central banks have injected massive liquidity to help coronavirus-hit economies.
European Central Bank policymakers at their meeting last month debated a smaller increase in bond purchases and agreed to front-load the buying this quarter on condition it could be cut later if conditions allow, the accounts of their meeting showed on Thursday.
France plans to bring its public budget deficit back in line with an EU limit from 2027 and is prepared to write a firm spending cap into law to keep its deficit-reduction commitment on track, Finance Ministry sources said on Thursday.
The Sheer Amount of Fiscal Stimulus in the United States Has Been a Critical DriverApr 9, 2021 - 05:29:45 PDT
The vaccination rate and amount of personal savings are among the measures that illustrate how Europe is falling behind the U.S.