Global Intelligence
Financial System
David Stockman, author of The Great Deformation [79], summarizes the last quarter century thus: What has been growing is the wealth of the rich, the remit of the state, the girth of Wall Street, the debt burden of the people, the prosperity of the beltway and the sway of the three great branches of government […]
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“Everybody, sooner or later, sits down to a banquet of consequences.” Robert Louis Stevenson “They don’t have intelligence. They have what I call thintelligence. They see the immediate situation. They think narrowly and they call it ‘being focused.’ They don’t see the surroundings. They don’t see the consequences.” Michael Crichton The Fed is faced with […]
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German Chancellor Angela Merkel’s choice of coalition partner will play a key role in deciding how far the foreign-exchange market is burdened by a proposed financial-transactions tax in 11 European Union states. Merkel, who last year backed a European Commission plan for a broad-based tax on trades in stocks, bonds, derivatives and other assets, is […]
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It’s Not an Accident … It’s Policy America is experiencing unprecedented inequality. And a who’s who of prominent economists (and investors) say that inequality is hurting the economy. Defenders of the status quo pretend that this inequality is something outside of our control … like a force of nature. They argue that it’s due to […]
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If you want to understand the potential damage of a debt-ceiling showdown, you can start by looking at how much damage it caused last time. The University of Michigan released its monthly report on consumer sentiment this morning, and in an odd coincidence, it reported that consumers are almost exactly as confident as they were […]
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As we warned two years ago, “the muddle through has failed… and there may only be painful ways out of this.” [18] Submitted by Michael Snyder of The Economic Collapse blog [19], Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe […]
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The markets were surprised when the Federal Reserve did not announce a tapering of the quantitative easing bond buying program at its September meeting. Indeed, its signal to the market that it was keeping interest rates low was welcome, but there may be a hidden agenda. Since it began in late 2008, QE has spurred […]
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The US Tax system is one of the most complicated and least understood in the world. Yet it’s really very simple. But like with everything American, capitalism has made a business out of tax preparation ‘the tax industry’. First, let’s understand a key difference between TAX AVOIDANCE and TAX EVASION. Tax Evasion is ILLEGAL, and […]
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The ducks are lining up for an absolute disaster in the stock market over the months ahead. The Fed clearly see risks on the horizon, and the stock market does not. That will change very soon. How do we know this? The equation for calculating real stimulus involves consideration to the funding operations of the […]
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