With tax cuts boosting consumer spending, the U.S. is poised for another good year

Stocks have just accomplished a Houdini – scorching to record highs while escaping volatility. The S&P 500, which accounts for 80 percent of the value of publicly traded U.S. companies, just scored an unprecedented 14 consecutive monthly gains. Investment professionals will tell ordinary folks a year like 2017 simply can’t repeat. Gains will slow or the… Please follow and like us:

Read More

The Next Bear Market Around The Corner?

By TimeMoney.com Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues JoaquinAranoa / Pixabay With the S&P 500’s total return positive for 14 months, some investors don’t think a bear market is… Please follow and like us:

Read More

Jamie Dimon predicts 4% GDP growth, retracts Bitcoin fraud charge

J.P. Morgan boss Jamie Dimon also regrets calling ‘bitcoin’ a fraud By Mike “Mish” Shedlock JPMorgan CEO Jamie Dimon is in the news twice Monday morning, once regarding GDP and once for a Bitcoin retraction. Jamie Dimon claims JP Morgan’s chief economist is wrong about the economy: Dimon Predicts 4% Growth. Dimon said he expects the… Please follow and like us:

Read More

World markets ring in 2018 on mixed note

Global stock markets greeted 2018 on Tuesday in mixed fashion, despite a raft of bright manufacturing surveys, with many investors away for extended holidays. Asian stocks mostly kicked off the year with gains, fuelled by strong data, improving corporate profits and hopes that US President Donald Trump’s tax cuts will fire US and world growth. Sentiment… Please follow and like us:

Read More

Stock market up 25 percent in 2017. Gains to continue in 2018?

WASHINGTON, January 2, 2018: The value of the U.S. stock market as measured by the Dow Jones Industrial Average, has increased more than 25 percent in 2017. As 2018 begins, it looks very much like the bull market will continue, possibly posting a yearly gain possibly similar to that of the year just concluded. Although analysts… Please follow and like us:

Read More

Three Huge, Totally Unexpected Surprises to Look for in 2018

Here are three leading examples of the conventional wisdom among Washington’s political experts about what will happen in 2018: Democrats will ride a “Blue Wave” of congressional campaign victories to retake control of Congress, gaining majorities in the Senate and the House of Representatives. Only the richest Americans will benefit economically from passage of President Donald… Please follow and like us:

Read More

Economy Growing At Fastest Pace In More Than Two Years

Last quarter, the U.S. economy grew at its quickest pace since 2015, and the unemployment rate has remained steady at a 17-year low, leaving some economists to question why the Republican tax bill, which will likely only create a small boost, was necessary. The $1.5 trillion tax cut package passed by Congress this week slashed corporate… Please follow and like us:

Read More

Wonderkid Kurz becomes Chancellor of Austria

The rise of Sebastian Kurz has been rapid, surprising perhaps even himself. He is now at the top table, and on occasion appears taken by the novelty, taking pictures of the assembled ranks of journalists at meetings. Probably for social media purposes, no doubt. Kurz insists he is no Wonderboy, but the path from party member… Please follow and like us:

Read More

Dollar suffers further losses as Fed fails to inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy. The greenback sank after the much-anticipated central bank meeting, which provided little to excite buyers, despite tentative hopes US lawmakers… Please follow and like us:

Read More

Asia markets swing as traders focus on Fed meeting

Asian markets swung in and out of positive territory on Wednesday as investors brushed off another record close on Wall Street and looked ahead of the Federal Reserve’s latest policy meeting. The Dow and S&P 500 clocked up another day of all-time highs, lifted by financials ahead of an expected interest rate hike by the Fed,… Please follow and like us:

Read More

Tax Cut Backers Unhappy That Cap Gains Tax Provision Means Some Must Pay More

Congress is moving steadily toward passage of a Republican tax reform bill that President Donald Trump almost certainly will sign when it reaches his desk, but tensions remain among advocacy groups seeking to drain the Washington swamp, thanks to a provision on the “death tax.” Senate and House conferees are ironing out differences between their chamber’s… Please follow and like us:

Read More

Understanding the economics of tax reform

LOS ANGELES, December 9, 2017: Tax cuts are just one part of tax reform. Albeit a major part. Undoubtedly there will be winners and losers whenever a major overhaul in the arena of public policy occurs. Those who benefited under the existing regulatory structure will most likely oppose changes. Unless the replacement structure also benefits them… Please follow and like us:

Read More

Asian markets on course for broad gains after volatile week

Asian markets rallied on Friday, bringing a volatile week to a positive end as tech firms extended their rebound while investors tracked advances on Wall Street following reports Donald Trump is planning to unveil a big-spending public works plan. Global equities have struggled this week, hit by profit-taking, fears over the progress of a probe into… Please follow and like us:

Read More

Koch-Funded Academics Infiltrate The Trump Administration

Things have changed since then-presidential candidate Donald Trump tweeted that the Koch brothers “cannot influence Trump!” in July 2015. Or in November of that year when he tweeted that Charles Koch was “looking for a new puppet” after Scott Walker’s and Jeb Bush’s campaigns failed. Or in February 2016, when Trump repeated his puppet claims in… Please follow and like us:

Read More

Senate panel approves Trump pick for Fed chairman

WASHINGTON — A Senate committee has approved Jerome Powell’s nomination to replace Janet Yellen as head of the Federal Reserve. Tuesday’s 22-1 vote by the Senate Banking Committee clears the way for full Senate approval in the coming weeks before Yellen’s term ends Feb. 3. The only “no” vote came from Sen. Elizabeth Warren, D-Mass. Powell,… Please follow and like us:

Read More