Today's topics include charting the market carnage, recession odds ticking higher, checking in on the odds of rate cuts, the Fed's transitory base case begins to fade away, the Fed vs. the White House, Friday's downside gap puts stocks in bad company, fear & uncertainty is the new norm, how much do tariffs add to inflation?, and dollar demand as a sign of financial stress in markets
Jim Bianco joins Fox Business to discuss what to expect from the Fed & Tariffs with Charles Payne.
In the latest installment of Talking Data, Jim discusses the investment case for the bond market.
Nonfarm payrolls grew by 228k jobs in March, above even the most optimistic estimates. Unfortunately this news is taking a back seat to the tariff war.
Today's topics include a tough market environment, what do Bloomberg economists think?, where is the bottom?, U.S. dollar rout extends, updating recession odds, tech darlings to total disaster on massive volume, how many cuts in 2025?, buy the dip?, El-Erian lays out two potential outcomes, Fedspeak, understanding pre-tariff trade imbalances, are there any 'puts' left?, and retail traders see 'buy-the-dip' moment
A historical look at the highest and lowest tax brackets since 1913
How have the different forms of taxes funded the U.S. government throughout the years?
Those with an AGI under $100,000 account for roughly 13% of all income taxes collected in the U.S., while those with an AGI above $1 million account for roughly 34%.
The average taxpayer in the U.S. paid 14.25% on their adjusted gross income between 2001 and 2022.
Almost one-third of U.S. citizens have no income tax liability.