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Several of the biggest U.S. companies would no longer be able to escape taxes on the trillions in overseas profits they’ve accumulated, under a tax bill released by House Republicans.
After a display of unity for the unveiling of an ambitious plan to slash individual & corporate taxes, some House Republicans began late Thursday to pick out the parts of the tax legislation they don’t like.
Drivers in the heart of the American South are proving to be the riskiest borrowers, according to newly-available data that sheds light on the expanding market for subprime auto loans.
    U.S. Trade Deficit Grew Again Under Trump in September
Nov 3, 2017 - 07:12:25 PDT
The trade gap with China, which Trump repeatedly blasted during last year's campaign, decreased slightly in September to $34.6 billion.
The EU on Friday refused to intervene over the European arrest warrant Spain is set to issue for Catalonia's deposed leader Carles Puigdemont, currently holed up in Belgium, saying it was a matter for the courts.
    Venezuela Debt Restructuring Could Unleash Crisis
Nov 3, 2017 - 06:56:46 PDT
President Nicolás Maduro’s decision to restructure Venezuela’s $89bn of debt is likely to unleash a debt crisis of a size not suffered in Latin America since Argentina’s massive 2001 default
(As 968,000 Exit In One Month). A quick look at the participation rate metrics showed that in October there was a sharp decline, with the labor force part. rate sliding from 63.1% to 62.7%, back to 4-decade​ lows...
(But Wage Growth Declines) The last time the US hit this low level was under President George W Bush in December 2006 before all hell broke look in the housing market. The U-3 unemployment rate is now at the lowest…
Craig Hemke says anybody looking for a year-end price rally can garner insight from the US Dollar/Japanese Yen. Here's how the FX pair is looking now...
    The U.S. Isn’t Prepared for the Next Recession
Nov 2, 2017 - 17:25:18 PDT
When it comes—and it will, eventually—it’ll be worse than necessary.
The House Republican tax writers’ plan is estimated to add $1.49 trillion to the deficit over a decade -- just fitting in under the amount allowed under the congressional budget adopted last week.
President initially talked about Yellen or Cohn for job
    The Fed Already Cooked the Goose
Nov 2, 2017 - 17:01:32 PDT
Click image below to take you to the full image;
Are you living paycheck to paycheck? If so, you are just like most other hard working Americans.
    The Saving Rate Conundrum
Nov 2, 2017 - 16:54:52 PDT
The economy is booming. Employment is at decade lows. Unemployment claims are at the lowest levels in 40-years. The stock market is at record highs and climbing
But over the next 2 months, they’ll try to prop up US retailers and the entire global economy with these credit cards.
Even Seattle rents are under pressure from new construction. But rents are surging in mid-tier markets.
Pricey U.S. housing markets, from the New York suburbs to California’s coastal cities, could take a direct hit under the tax-reform bill released by House Republicans.
    The Greatest Fear Today: The Lack of Fear
Nov 2, 2017 - 16:48:47 PDT
When I hear market pros say ‘It can’t happen again’ it sounds to me like another market crash is just around the corner.
    Just Short The Robots
Nov 2, 2017 - 16:45:45 PDT
...or do the machines know something we don't know about where the market 'should' be trading.