From ZeroHedge Earlier today, we previewed Joe Biden’s American Families Plan (AFP) which provides $1.8 trillion over ten years in new benefit spending and tax credits. Commenting on the proposal, Goldman economist Alec Phillips writes that he was surprised by the focus of the released plan which is “somewhat narrower than we had initially expected several weeks ago, […]

From ZeroHedge With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax, as investors dump in hopes of locking in existing cap gains rates – an exercise in futility if Biden and the socialists in Congress decide to make such a tax change retroactive to […]

From ZeroHedge One week after Michael Wilson presciently warned that the recent breakdown of small caps was “a warning sign that the reopening would be more difficult” than anticipated by the market… … while also cautioning that “the underperformance in IPOs and SPACs is a signal that the excessive liquidity provided by the Fed is finally being […]

From ZeroHedge US equity futures and global stocks rose to new record highs and oil climbed after strong U.S. and Chinese economic data bolstered expectations of a solid global recovery from the covid pandemic. At 7:00 a.m. ET, Dow e-minis were up 34 points, or 0.1%, S&P 500 e-minis were up 5 points, or 0.11% […]

From ZeroHedge What do you get when you hand Americans big fat stimulus checks after decades of offshoring the country’s manufacturing economy? The overall trade deficit expanded by 87% in February to $71.1 billion, according to the latest Census Bureau data. The trade deficit in goods hit another all-time record of $88 billion in February. Imports of goods […]

From ZeroHedge Authored by Michael Snyder via TheMostImportantNews.com, For the wealthy and the ultra-wealthy, happy days are here again.  Even though we have just been through one of the most difficult 12 months in our history, the number of billionaires has increased dramatically during this pandemic.  That seems rather odd, but there is no denying that the […]

News from ZeroHedge Biden made a campaign pledge to fix the border with Mexico. Let’s investigate how he’s doing starting with polls then the hard facts. According to an AP NORC Poll few are satisfied with President Biden’s approach to immigration, border security, and particularly toward the recent surge of unaccompanied children at the southern border. That question […]

Post from ZeroHedge Pioneering cryptocurrency exchange Coinbase just blew away already lofty expectations Tuesday when it released quarterly financials and outlook for the first time, despite still being a private company, as the firm apparently sought to generate hype ahead of its IPO on the Nasdaq next week. Coinbase co-founder and CEO Brian Armstrong The […]