Category Archives: Personal Income

US Consumers Tap Out: Personal Savings Rate Plunges To 10 Year Low While Americans Splurge

By silveristhenew | Published December 22, 2017

This report was originally published by Tyler Durden at Zero Hedge The latest confirmation that the US consumer is now effectively tapped out came moments ago when the Dept of Commerce reported that in November, Personal Income rose by a lower than expected 0.3% (exp. 0.4%), while US consumers continued to splurge at an accelerated […]

Also posted in 'consumer spending", Credit Cards, Debt, Economy, Financial Crisis, Headline News, Holiday Spending, Recession, savings | Comments Off

Key Events In The Last Week Before Christmas

By silveristhenew | Published December 18, 2017

It might be the last full week before Christmas – with both newsflow and trading volumes set to slide substantially – but there’s still a few interesting events and data releases to look forward to next week. Among the relatively sparse data releases schedule, we get US GDP, core PCE, housing and durable goods orders […]

Also posted in Australia, Bank of Japan, business, China, Consumer Confidence, Consumer confidence index, consumer Price Index, Consumer Sentiment, Continuing Claims, CPI, Czech, Deutsche Bank, Economic indicator, Economy, Economy of the United States, Empire State Manufacturing, European Central Bank, European Commission, European Union, Eurozone, Federal Government, flash, Germany, Gross Domestic Product, headlines, Hong Kong, Housing Market, Housing Starts, Hungary, inflation, Initial Jobless Claims, Japan, Kansas City Fed, macroeconomics, Michigan, Monetary Policy, NAHB, National accounts, New Home Sales, New Zealand, Norway, Personal Consumption, Personal consumption expenditures price index, Philadelphia Fed, Philadelphia Fed manufacturing, Price indices, Reserve Bank of Australia, senate, Switzerland, Trade Balance, U.S. House, University Of Michigan | Tagged france, Unemployment | Comments Off

Global Stocks Roar To Record Highs As Tax Reform Is “Priced In” All Over Again

By silveristhenew | Published December 18, 2017

Global stocks and US equity futures roared upward to new record highs to start the second-to-last week of the year, boosted by optimism over a Republican agreement on the shape of U.S. tax cuts aimed at lifting growth; incidentally this is the 6th consecutive day that the “tax bill” has been priced in by the […]

Also posted in African National Congress party, Aftermath of the United Kingdom European Union membership referendum, ASX 200, Bank of Japan, Bitcoin, BOE, Bond, Borrowing Costs, Brazil, Brexit, BSE 30, business, Cabinet on the Brexit, CDU party, China, Congress Party, Conservative Party, CPI, Crude, CSU party, DAX 30, Donald Trump, Economy, Equity Markets, EU commission, European Central Bank, European government, European Union, Euroscepticism in the United Kingdom, Eurozone, Federal Government, Finance Ministry, Fitch, FTSE 100, Futures Contract, futures markets, G-20, Germany, Gilts, Hang Seng 40, Hong Kong, Housing Market, International relations, Investment Grade, Italy, Japan, Jim Reid, Ms Merkel’s Party, MSCI World, NAHB, Nikkei, nikkei 225, People's Bank Of China, Price Action, Prime Minister Narendra Modi’s party, ratings, Real estate, recovery, Republican party, S$P, S&P 500, S&P/ASX 200, senate, SPD, Stock Market, Stoxx 600, U.S. Congress | Tagged france, india | Comments Off

US Futures Rebound After Disappointing Chinese, European Data

By silveristhenew | Published October 31, 2017

Yesterday’s sharp Chinese selloff is now a distant memory after the BTFDers emerged, and this morning U.S. equity futures are once again levitating as the FOMC begins its two-day policy meeting, following an uneventful BOJ announcement on Tuesday morning which left all QE parameters unchanged. Asian stocks traded mixed steady while European shares climb. The […]

Also posted in Apple, ASX 200, Bain, Bank of Japan, Belgium, BOE, Bond, Brief Cabinet, business, CAC 40, Case-Shiller, Chicago PMI, China, Chinese government, congress, Consumer Confidence, Copper, Core CPI, CPI, Crude, Dallas Fed, Economy, Euro, European Central Bank, European Union, EUROSTOXX 50, Eurozone, Federal Government, finance, financial markets, Fixed Income, flash, FTSE 100, Gambling, Germany, Gilts, Google, Hang Seng 40, House of Lords, ibex 35, inflation, Italy, Japan, Jim Reid, Kevin Brady, Kospi, Lords EU Committee, MIB 30, money, MSCI Asia Pacific, NASDAQ, Nasdaq 100, Nikkei, nikkei 225, Portugal, Precious Metals, Real estate, S$P, S&P 500, S&P/ASX 200, Spanish government, Stoxx 600, Twitter, U.S. Securities and Exchange Commission, UK government, US Dollar Index, West Texas, White House, yield, Yield Curve, Yuan | Tagged france, india, north korea, Unemployment | Comments Off

Welcome To The Hunger Games: Trump’s Tax Plan To Unleash Battle Royal Among D.C. Lobbyists

By silveristhenew | Published September 30, 2017

Authored by Michael Snyder via The Economic Collapse blog, Are you ready for mass chaos in Washington? There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on their particular issues. But when you are talking about a major tax reform […]

Also posted in business, congress, Dividend tax, Draft:Modern Tax Policy, Economy, Federal Government, Flat tax, Florida, Income tax, Income tax in the United States, internal revenue service, Politics, social issues, Tax, Tax incidence, Tax-rate, Taxation in the United States, US Federal Reserve | Tagged Federal Reserve | Comments Off

“The Fed Is Afraid…”

By silveristhenew | Published September 29, 2017

Authored by Ryan McMaken via The Mises Institute, Janet Yellen this week cast doubt on the Fed's announced plan to continue Fed rate hikes and reverse its years of "unconventional" monetary policy. “My colleagues and I may have misjudged the strength of the labor market,” Yellen announced on Tuesday, adding that they'd also misjudged "the […]

Also posted in business, Economy, FED, Federal funds rate, Federal Government, Federal Reserve System, inflation, inflation targeting, interest rate, James B. Bullard, Janet Yellen, macroeconomics, Mises Institute, Monetary Policy, money, Quantitative Easing, Reality, US Federal Reserve | Tagged Unemployment | Comments Off

“I Thought I Was Middle-Class?”

By silveristhenew | Published September 29, 2017

Authored by Jim Quinn via The Burning Platform blog, “The best way to teach your kids about taxes is by eating 30% of their ice cream.” – Bill Murray When I saw that slimy tentacle of the Goldman Sachs vampire squid, Gary Cohn, bloviating about Trump’s tax plan and how it was going to do […]

Also posted in business, China, congress, Corporate Tax, Draft:Modern Tax Policy, Economic policy of Donald Trump, Economy, Estate tax in the United States, Fat Cats, Income tax, Income tax in the United States, Mexico, Obamacare, Real estate, Republican party, Ron Paul, S corporation, social issues, Tax | Tagged goldman sachs | Comments Off

The “Trump Tax Plan” – Details & Analysis

By silveristhenew | Published September 27, 2017

Submitted by Lance Roberts of Real Investment Advice Almost a full year after the election of Donald Trump to the White House, one of the key promises made to voters was the largest “tax cut” since Ronald Reagan was in office. As President Trump stated in Indiana yesterday: “This is a revolutionary change, and the […]

Also posted in Alternative minimum tax, Bob Corker, business, Corporate Tax, CRFB, Deficit Spending, Donald Trump, Draft:Modern Tax Policy, Economy, Estate tax in the United States, Federal Tax, headlines, Income tax, Income tax in the United States, Indiana, Kevin Brady, National Debt, Obamacare, Proposed Legislation, Real estate, Reality, Recession, Republican party, senate, social issues, Tax, United States federal budget, Ways and Means Committee, White House | Tagged new economy | Comments Off

Watch Live: President Trump Unveils His Already-Widely-Leaked Tax Plan

By silveristhenew | Published September 27, 2017

Moments from now President Trump is expected to the take the stage at the Indiana State Fair to ‘unveil’ a tax plan that was leaked by someone in or around his administration hours ago…which we suspect is somewhat more anticlimactic than he might have hoped. In any event, earlier this morning we covered the details […]

Also posted in American people of German descent, business, Climate change skepticism and denial, Donald Trump, Economy of the United States, ETC, Indiana, Politics of the United States, Private Equity, Tax bracket, Tax incidence, The Apprentice, WWE Hall of Fame | Comments Off

Government By Goldman

By silveristhenew | Published September 19, 2017

Authored by Gary Rivlin and Michael Hudson via The Intercept, in partnership with The Investigative Fund, Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for secretary of Treasury, Steve Mnuchin. It was the end of November, three weeks after Trump’s […]

Also posted in After Hours, AIG, Alt-A, American International Group, Bank of America, Barack Obama, Barney Frank, Bear Stearns, Bernie Sanders, Bond, Bond Dealers, Citigroup, Collateralized Debt Obligations, Commodity Futures Trading Commission, Consumer protection, Counterparties, Countrywide, Credit Crisis, Creditors, Crude, David Viniar, Devon Energy, Dick Bove, Donald Trump, Elizabeth Warren, Fail, Federal Reserve Bank, Federal Tax, Financial Crisis Inquiry Commission, Financial Regulation, fixed, Florida, Fox Business, Germany, Global Warming, Great Depression, Hank Paulson, Henry Paulson, Home Equity, Housing Bubble, Housing Market, Illinois, Insurance Companies, John Paulson, JPMorgan Chase, Lehman, Lehman Brothers, Lloyd Blankfein, Matt Taibbi, Meltdown, Merrill, Merrill Lynch, Mexico, Morgan Stanley, Mortgage Loans, national security, Nationalism, New Century, New York City, New York State, New York Stock Exchange, New York Times, None, NYU Stern, Paul Volcker, Private Equity, Prop Trading, Real estate, Reality, Reuters, Sears, Securities and Exchange Commission, Securities Fraud, Subprime Mortgages, Tax Revenue, Testimony, Transparency, Treasury Department, Wall Street Journal, Warren Buffett, Washington D.C., Wells Fargo, White House, Wilbur Ross | Tagged default, Federal Reserve, goldman sachs, india, Tarp, Too Big To Fail | Comments Off