Category Archives: Personal Income
US Consumers Tap Out: Personal Savings Rate Plunges To 10 Year Low While Americans Splurge
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 […]
Key Events In The Last Week Before Christmas
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 […]
Welcome To The Hunger Games: Trump’s Tax Plan To Unleash Battle Royal Among D.C. Lobbyists
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 […]
“The Fed Is Afraid…”
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 […]
“I Thought I Was Middle-Class?”
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 […]
The “Trump Tax Plan” – Details & Analysis
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 […]
Watch Live: President Trump Unveils His Already-Widely-Leaked Tax Plan
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 […]