Today's topics include Trump vs. the Fed, bullish sentiment, Goldman predicts a Trump victory in 2020, slowing global growth, bond market turmoil sparks e-trading, monetary policy and wages, how to fix the Fed, active vs passive management, Renaissance Technologies vs the IRS, why this Brexit delay is a bond market opportunity and visualizing who pays in the U.S.
The job of Fed Governor is broken and it needs to be fixed.
The fear that central banks will become political is legitimate. But first, let's figure out what causes inflation before we proclaim that fed officials advocating that cutting rates because growth does not cause inflation is akin to the Fed losing independence.
Today's topics include economists surveyed by the WSJ see the Fed holding rates until 2021, loose monetary policy has given investors a false sense of security, investing in an MMT world, companies are drowning in cash, JPM reports a record quarter, the case for tighter credit spreads, trade, the dollar as the reserve currency, the ECB and Japan's declining population.
The stock and bond markets are telling two different tales on the economy. What is driving them?
Today's topics include EU leaders agree to 6-month Brexit delay, the Fed, risk premiums on Saudi Sovereign bonds rise, corporate credit ratings, earnings, Moore vs Cain, cannabis futures, gas prices and how platforms built on top of a blockchain are challenging YouTube.
How have the different forms of taxes funded the U.S. government throughout the years?
The highest earners may pay income tax rates that are almost double that of the average American, but the largest chunk of income tax revenue collected by the IRS comes from households earning between $100K and $200K.
Roughly one-third of U.S. citizens have no income tax liability.