The Dow Falls By Triple Digits As Anxiety Over The Senate Tax Plan Grows
Michael Snyder | It is becoming quite clear that even if Congress passes a tax reform bill in 2017 that it won’t actually be that significant.
Tag: Money Watch
Bill Gates, Jeff Bezos and Warren Buffett are wealthier than poorest half of US
London Guardian | Institute for Policy Studies warns of a ‘moral crisis’ and says Trump tax change proposals will exacerbate disparities.
Only Federal Reserve Owns More U.S. Federal Debt ($2.5T) Than China ($1.2T)
CNS News | Only the Federal Reserve owns more U.S. federal government debt than entities in the People’s Republic of China, according to the latest data released by the Treasury and the Federal Reserve.
Japan Rocked By Violent Stock Plunge As Nikkei Tumbles 850 Points Before Recovering Losses
Zero Hedge | Something snapped in Japan today.
The Stock Market Has Gone Up More Than 5 Trillion Dollars Since Donald Trump Was Elected
Michael Snyder | One year ago we witnessed the greatest miracle in political history, and since that time we have also witnessed one of the greatest miracles in financial history.
Banks Warn London Facing Brexit “Point Of No Return”
Zero Hedge | During his trip to London this week, US Commerce Secretary, Wilbur Ross, wasn’t only defending revelations in the Paradise Papers that he’d invested in a shipping company with ties to the Putin family.
Healthcare Spending Now Accounts For Almost One-Fifth Of The Entire U.S. Economy
Michael Snyder | Everybody agrees that healthcare costs are way too high.
Global Stock Meltup Sends Nikkei To 25 Year High
Zero Hedge | The global risk levitation continues.
Global Stock Meltup Sends Nikkei To 25 Year High
Zero Hedge | The global risk levitation continues.
The Economy Is Okay? U.S. Retail Store Closings Hit A New Record High As West Coast Homelessness Soars
Michael Snyder | If the U.S. economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year?
The Central Bank Bubble: How Will It Burst?
Zero Hedge | Alberto Gallo of Algebris Investments steps up to take his shot at the $64,000 (more like trillion) question in a report published this week“The Central Bank Bubble: How Will It Burst?”
Trump Is About To Crush Home Prices In Counties That Voted For Hillary: Here’s Why
Zero Hedge | Who is most impacted?
Trump Is About To Crush Home Prices In Counties That Voted For Hillary: Here’s Why
Zero Hedge | Who is most impacted?
The Federal Reserve Has Just Given Financial Markets The Greatest Sell Signal In Modern American History
Michael Snyder | Why have stock prices risen so dramatically since the last financial crisis?
US created 261,000 jobs in Oct, vs 310,000 jobs expected
CNBC | The U.S. economy added 261,000 jobs in October and the unemployment rate was 4.1 percent as labor conditions returned to normal following the storm-weakened September.