The Tried-And-True Blueprint For Raising Taxes

As the global economy slides into recession and the U.S. economy catches a cold, the blueprint for raising taxes will be dusted off in every state. The blueprint for raising taxes in the modern era was first established in 1913…

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What Americans Think Is The #1 US Problem

… it’s government. Gallup adds: While dissatisfaction with government is by no means a new issue to the American people, it has not in recent months been as clearly the leading problem as it is now, given that fewer Americans mention…

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Apple Watch May Be DOA As Cook Admits Battery Life As Low As 3 Hours

The Apple Watch may be pretty… but you are going to need up to 8 of them to make it through a full day. While Tim Cook proclaimed 18 hours of “all-day battery-life” – itself not particularly impressive compared to…

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US Savings Rate Surges To Highest Since 2012 As Consumers Save “Gas Tax Cut” Instead Of Spending

ollowing December’s worse than expected drop in personal spending (and slowing groweth in incomes), analysts wewre expected the usual hockey-stick bounce… it did not happen. Despite all the exuberance over low gas prices, US personal spending dropped 0.2% in January –…

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Here Is What Americans Spent Their “Gas Savings” On

Last quarter, in “This Is What Americans Spent The Most Money On In Q4” we showed that according to the first estimate of Q4 GDP data, the American consumer spent a whopping $20.4 billion in nominal dollars on healthcare, which…

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Chart Of The Day: The Run For Nasdaq All-Time Highs

With the S&P 500 and Dow Jones Industrial Averages already hitting real, inflation-adjusted, all-time highs; market participants have now turned their attention towards the Nasdaq Composite. Today’s “Chart of the Day” takes a look at just how close, and far, the Nasdaq…

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A Moral Code For The Post-Collapse World

Popular media today, including television and cinema, are rife with examples of what is often referred to as moral relativism — the use of false and fictional moral dilemmas designed to promote the rationalization of an “ends justify the means”…

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How Did We End Up Here?

While money can be made in markets on the minutest of scales, sometimes it helps to have a broader sense of perspective. After all, if you can’t locate yourself on a map – without the aid of GPS, children! – you…

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“Do You Believe In Second-Half Miracles?”

They are at it again… The ‘smartest people in the room’ have once again taken the big board-eraser to GDP growth expectations… but have no fear, for what Keynesian aggregate demand can’t pull forward into Q1 will surely unleash pent-up demandedness…

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As Seen On The Streets Of Manhattan

After panicky New Yorkers stormed their local neighborhood Whole Foods to stock up for the “Blizzard of 2015” which subsequently was revised to merely “The Tempest In A Teapot of 2015″…   … not a creature was stirring this morning:…

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