Category Archives: Bush tax cuts
The ink wasn’t even dry yet on the just published Republican Tax Cut And Jobs Act, and within the hour UBS was already confident that it has virtually no chance of passing: As UBS chief economist Seth Carpenter wrote shortly after the publication, “to our read, the release confirms our view that tax reform is […]
With Illinois, which on Saturday morning entered its third fiscal year without a budget, facing a catastrophic downgrade, late on Sunday evening the Illinois House approved the most controversial element of a budget package, a tax hike which will increase the income tax rate by 32% from 3.75% to 4.95%, and the corporate income tax […]
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. lewrockwell.com / By Laurence M. Vance / May 8, 2013 Republicans are still patting themselves on the back because the so-called Bush tax cuts were made permanent in the American Tax Relief Act of 2012 that was passed by the lame […]
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. sovereign-investor.com / by Erika Nolan / June 8, 2012 There’s no getting around it – President Obama will raise your taxes this January. He has made it abundantly clear that if he wins the upcoming election, he will not extend […]
Follow us @
Welcome to Capital Account. As world leaders arrive in the us for the G8 Summit, not to mention the nATO summit this weekend — we’ll talk about the realpolitik of the US situation when it comes to generating domestic economic growth. Chris Whalen has written about a choice between debt and inflation or war, and says finding a way to avoid these two extremes is now the chief concern. He’s here to talk to us about it in studio!
Yesterday, we told you about deposit flight from Greek banks. Today, we talk Spain, where the country is denying reports of a bank run at it’s second largest lender — Bankia…This as Greece swears in a caretaker government to run things until elections next month. This is seen as the next step towards more certainty. However, this begs the question, are we seeing a larger run on Europe?
And the latest in Whale-Gate…JP Morgan CEO, Jamie Dimon, has been invited to testify before the Senate Banking Committee reportedly. And JP Morgan’s 2 billion dollar trading loss, that could grow much larger, has prompted the New York Fed to examine how banks in its district are managing deposits. Hmmm…we wonder if Jamie Dimon gets any say in that since he is on the Federal Reserve’s board after all.
On the hill today, officials from several financial regulatory agencies are testifying before the House Financial Services committee on the Settlement Practices of the US Financial Regulators. This is a good time to talk about regulation and fraud — after all, this is the real F-Word on Wall Street that no one wants to utter, helped by their cronies on Capitol Hill. There is a major factor that may be working against victims of it, and unless you are an MF Global customer you may be surprised at what it is…take a guess for a second while Lauren brings in Christopher Whalen, Senior Managing Director at Tangent Capital Partners.
And when things are bad in the economy, it’s usually good for people in the vice industries. But are things so bad in Europe, that even strippers are threatening to walk? Well, that’s what appears to be happening in Paris — Demetri, Lauren and Shannon will address this and other stories in today’s "Loose Change."
02/07/2012 By Bruce Krasting I look at the political landscape and conclude that we’ve got more of the same in front of us. I think Obama will win, and the Republicans will control the legislative side. For the sake of this discussion, assume that is how it works out. As of today, there is an […]