Gone But Not Forgotten
- Jan 29, 2014
- Reaction score
- Montgomery, NY, USA
- VCDS Serial number
Sounds like the banksters have decided they'd rather see President Trump re-elected than to deal with a possible President Warren.https://www.marketwatch.com/amp/story/guid/DC7383EA-1BF3-11EA-96AD-5309DD58DE96
There’s a huge change coming from the Fed (just not today)
I'm not sure I see the problem, or how anyone is getting screwed, except those who inherit a a large IRA/401k from somebody else. I.e. if you (and your spouse!) die with $1 million left in retirement accounts, your heirs (presumably your children) will have to take distributions from it (and pay taxes on those distributions) over a period of 10 years instead of their expected remaining lifetimes.https://www.forbes.com/sites/jamieh...retirement-planning-and-increasing-taxes/amp/
This is going to be a problem and allow a big screwing later.
Am I missing something?
I know, right? NASDAQ at 9000! S&P500 at almost 3250. It's nucking futs, a direct result of being able to borrow money at virtually no interest, and being unable to earn money in fixed assets. When this blows, it's gonna make 2008 look like a small glitch. There's little doubt it in my mind that it will, but the killer is predicting when.
What a bullshit article. Look at the numbers; they're in the same range they've been in since 2011.Economy is great for the Rich!
2019 was one of the decade's worst years for job cuts in the US
The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years. The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year. In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%. Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds.
Agricultural goods account for a big chunk of the new purchases. Under the agreement, China will buy an additional $12.5 billion of those goods in year one, and then $19.5 billion in year two, compared to 2017.