Silver as an investment

Category Archives: Economy of the United States

Still Confused About Trump’s 1-Page Tax Plan? Goldman Explains It All

Since at its core, yesterday’s 1-page “tax plan” was a Goldman creation – and was presented to the world by two former Goldman employees –  who better to explain what Trump had in mind than Goldman Sachs itself, which it did overnight in a far lengthier note from its chief Washington analyst Alec Phillips.  Here […]

Mnuchin/Cohn Unveil Trump’s “Biggest Tax Cut Ever” Tax Reform Plan – Live Feed

Having promised "the biggest tax cut in history," and seemingly desperate for a win (given his folding on the funding of the wall), one wonders why President Trump has delegated the announcement of his Tax Reform plan to Treasury Secretaty Steven Mnuchin and Chief Economic Advisor Gary Cohn. Reduction, repatriation, simplification, and de-itemization appear to […]

Trump Individual Tax Plan To Have 3 Brackets: 35%, 25%, & 10%

As the minutes tick by ahead of the announcement of "the greatest tax cut in human history," we are getting more information on the personal tax rates (something Treasury Secretary Mnuchin failed to mention earlier). As Fox News reports, in addition to raising deductions, the Trump administration will collapse the current seven-tier bracket system into […]

The Fed is Not Political, And I Have a Bridge To Sell You

Via The Daily Bell There is an old saying that one should never talk about politics or religion. I think that is just a way to make sure people don’t talk about anything productive or eye opening. And I think it is basically the same attitude that makes the New York Times tell us not […]

Is The Fed About To Drop The MOAB On Wall Street?

Authored by Michael Pento via PentoPort.com, Wall Street and our central bank are in for a rude awakening very soon! The idea that the US economy is on stable footing and about to experience a surge in growth is ridiculous. Hence, the consensus that the Fed can normalize interest rates and its balance sheet is […]

China’s Credit Excess Is Unlike Anything The World Has Ever Seen

By Andrew Brown, a partner for macro and strategy at ShoreVest Capital Partners From a global macroeconomic perspective, we encourage readers to consider that the world is experiencing an extended, rolling process of deflating its credit excesses. It is now simply China’s turn. For context, Japan started deflating their credit bubble in the early 1990s, […]

Elliott Management Releases Klaus Kleinfeld’s “Veiled Extortion” Letter

Three days ago Arconic's CEO Klaus Kleinfeld was fired unceremoniously for "showing poor judgment," in a letter sent to Paul Singer, founder of hedge fund Elliott Management. Elliott has just released the letter and its response which claims Kleinfeld made "veiled suggestions that he might intimidate or extort Mr. Singer" over his behavior at a […]

Ron Paul Rages “The Federal Reserve Is, and Always Has Been, Politicized”

Authored by Ron Paul via The Ron Paul Institute for Peace and Prosperity, Audit the Fed recently took a step closer to becoming law, when it was favorably reported by the House Committee on Oversight and Government Reform. This means the House could vote on the bill at any time. The bill passed by voice […]

Boeing To Lay Off “Hundreds” Of Engineers

President Trump will not be amused. In a letter to employees, Boeing VP John Hamilton announces that the company will lay off “hundreds” of engineers as soon as this week, affecting Washington and “other enterprise locations.” As Bloomberg headlines show: *BOEING TO SEND NOTICES FOR INVOLUNTARY LAYOFFS APRIL 21 *BOEING ENGINEERING LAYOFFS PLANNED FOR JUNE […]

Key Events In The Coming Week: French Election, Earnings, Manufacturing, Housing

This week will be dominated by the first round of the French presidential election on Sunday. With the number of undecided voters remaining high, four candidates look set to fight for the two places in the second round on 7 May. On the data side, following China’s strong economic report, attention will focus on US […]