Saturday is the president’s 100th day on the throne. And Trump strikes us as a fellow sweating to get something done, against some sort of odds. His own party reformed health care reform into the wastebasket… Judges banned his travel ban… The big, beautiful wall remains a big, beautiful fantasy. Show More Summary
If you are a stock investor, you should be terrified. The most disconcerting words have been uttered by the one person capable of changing the whole dynamic. After spending so many years trying to recreate the magic of the “maestro”, Ben Bernanke in retirement is still at it. Show More Summary
David Stockman shows you why Trump’s tax plan will be DBA (dead before arrival) before he reaches Saturday’s 100-day mark... The post Tax Lessons for the Donald was originally published at The Wall Street Examiner. Follow the money!
There are three rules that states could apply to waive in the newest proposed revision to the Republicans’ health care plan.
Freddie Mac reported that the Single-Family serious delinquency rate in March was at 0.92%, down from 0.98% in February. Freddie's rate is down from 1.20% in March 2016.Freddie's serious delinquency rate peaked in February 2010 at 4.20%. Show More Summary
The plan lacks many details, but one group of losers seems to be upper-middle-income people in blue states.
As the presidential race narrows to two strongly contrasting candidates, we explore what a victory for each would mean for businesses. The digital revolution is making measuring GDP a bit trickier. Also, how a website that crowdsources algorithms for quantitative finance could disrupt the industry
THERE are two main reasons for a country to paw around in its tax code: to create more economic growth, or to repair a structural deficit. Any politician who wishes to quietly give money to friends or kill a troublesome programme will supply one of them.
Today's Water Cooler: TiSA and public banks, Ivanka's foundation, Jon Ralston, shipping, the fulfillment society, Airbus, white collar crime
(April 26, 2017 03:46 PM, by David Henderson) In a comment on a recent blog post I wrote on United Airlines, The Original CC highlighted one of my sentences and wrote: You seem to be the master of deescalation. Can you explain this interaction and what you... (1 COMMENTS)
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for March 2017. Over the past three months, the indexes increased in 45 states, decreased in three, and remained stable in two, for a three-month diffusion index of 84. Show More Summary
O Canada! Bloomberg – Home Capital Group Inc. plunged the most on record after disclosing that it struck a deal for a C$2 billion ($1.5 billion) credit line The post Canada’s Housing Bubble Explodes (Biggest Mortgage Lender Home Capital Stock Crashes Most In History) was originally published at The Wall Street Examiner. Follow the money!
Trump's tax plan is expected to be released today (April 26). The post This One Image Explains Trump’s Tax Plan was originally published at The Wall Street Examiner. Follow the money!
The revisionist history being written by major news outlets on the need for modern Glass-Steagall legislation is not just wrong, it's dangerous. Here's the full story on why ignorance is dangerous for financial markets, jobs and your...Show More Summary
Yes, it's Groundhog Day. Republicans are once again claiming that tax cuts will spur enough economic growth to pay for themselves. Well, old-timers like myself remember Round I and Round II when we tried this grand experiment. It didn't work. Round I was under President Reagan when he put in big tax cuts at the start of the presidency. Show More Summary
Arindrajit Dube a Equitable Growth: Minimum wages and the distribution of family incomes in the United States: Introduction The ability of minimum-wage policies in the United States to aid lower-income families depends on how they affect wage gains, potential job...
My father, a child of the Great Depression, used to say, “for free, take.” But sometimes free isn’t always a good deal. “Free college tuition” is an example of that. New York State’s recently passed Excelsior Scholarship, for instance, provides free tuition for all students whose family income is below $125,000. Show More Summary
(Late) Monday Smackdown: This, from eight years ago, still seems to me to be highly, highly unprofessional: Robert Lucas (2009): _In defence of the dismal science_ : "Fama tested the predictions of the EMH.... These tests could have come out either way... Show More Summary
As of 2:33 AM on Wednesday April 26, The Wall Street Examiner was back up and running after 30 hours offline. The site was restored from a backup. We will be missing a few posts posted Monday. The normal posting schedule of all reports...Show More Summary
World stock markets were mixed overnight and pausing from recent gains. U.S.stock indexes are pointed toward slightly higher openings when the New York day session begins. The U.S. stock indexes are at or near record highs. The post Global Stock Markets Mixed; Trump Tax Plan In Focus was originally published at The Wall Street Examiner. Follow the money!